METAL PRICES (November 09, 1998)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateNov. 3Nov. 2Oct. 30Oct. 29…
News
Results positive for La Teko
Metallurgical tests on an oxide sample from the the True North deposit in central Alaska have returned favorable results for La Teko Resources (LAO-T).The 50-ton sample consisted of material from both…
LETTER TO THE EDITOR — QP to serve as guardians of procedure, not fall guy after the fact
As someone responsible, to a great extent, for formulating the proposed “Qualified Person” (QP) concept in the mining industry, particularly in exploration and mine development, I would like to respon…
EDITORIAL & OPINION — ODDS ‘N’ SODS — Out with the old
I left Alberta for Ontario in the late 1920s. It was to be a new life for me and my family at the Dome mines, near Timmins.By that time, Dome operations had slipped in some ways. Many of the buildings…
Ormonde eyes gold prospect
Ormonde Mining (OMP-V) has agreed to earn a half-interest in the Mgusu gold property in the Victoria Goldfields district of Tanzania.The property consists of two prospecting licences and three claim b…
BOOK REVIEW — Author captures drama of Voisey’s Bay deal
The Big Score:Robert Friedland, Inco andthe Voisey’s Bay HustleBy Jacquie McNishDoubleday Canada Limited105 Bond StreetToronto, Ont. M5B 1Y3The 1993 discovery of the Voisey’s Bay nickel-copper-cobalt …
Newmont cuts Nevada employees
Low gold prices have forced Newmont Mining (NEM-N) to lay off more workers at its Nevada operations.The company cut 150 jobs at its Carlin Trend and Lone Tree-Twin Creeks operations, representing 5% o…
Gitennes outlines drill targets in Peru
Gitennes Exploration (GIT-T) has outlined two bedrock targets at its Azul joint-venture gold project in east-central Peru.The two targets, dubbed Negro and Yuyapichis, are near the upper portion of th…
PRODUCER & DEALER PRICES (November 09, 1998)
Aluminium: LME settlements US$1,316, alloy US$1,115 per tonne (Nov. 3/98).Antimony: Representative mid-market US$1,250 per tonne (Nov. 3/98).Bismuth: Representative mid-market US$3.15 per lb. (Nov. 3/…
Juniors report find at Mosomane
Large-diameter drilling by Southern Africa Minerals (SAF-T) has revealed diamonds in a kimberlite dyke on the Mosomane property, 50 km north of Gaborone, Botswana.Vertical drill holes along a 600-metr…
Kennecott finds third kimberlite in Alberta
Kennecott Canada Exploration has intersected a third kimberlite body on the Legion property in northeastern Alberta while drill-testing the Dragon target.Kimberlite material was intersected at a depth…
Mountain Lake drills gold at Valentine Lake property
A first phase of drilling at the Valentine Lake gold property in central Newfoundland has returned encouraging results for operator Mountain Lake Resources (MOA-V).Mountain Lake is earning a half-inte…