PRODUCER & DEALER PRICES (August 24, 1998)
Aluminium: LME settlements US$1,311, alloy US$1,148 per tonne (Aug. 18/98).Antimony: Representative mid-market US$1,310 per tonne (Aug. 18/98).Bismuth: Representative mid-market US$3.50 per lb. (Aug. …
News
Redaurum eyes new venture
Shareholders of Redaurum (RRK-T) will meet to consider a business combination with Remick Investments, a subsidiary of Centenary Investments.Remick’s key assets include: $10 million cash from a recent…
Orvana advances Don Mario
Vancouver-based Orvana Minerals (ORV-T) has announced a resource estimate for the Lower Mineralized zone at its Don Mario gold-copper deposit in eastern Bolivia.Employing geostatistical methods based …
Copper Hill plans program
Exploration work will continue this year at the Tim’s Cove gold-tungsten polymetallic project near Gander Bay, Nfld. Operator Copper Hill (CUHL-C) plans to carry out geophysical surveys, geochemical s…
DIAMOND PAGE — Gope to be bulk sampled
De Beers Consolidated Mines (DBRS-Q) is about to begin a mini-bulk-sampling program at the Gope diamond prospect in Botswana, held by Toronto-based partner TNK Resources (TNKR-C).The program is focuse…
Golden Band hits gold
Vancouver-based Golden Band Resources (GBN-V) has intersected gold mineralization while drill-testing the Memorial showingin the Waddy Lake area of Saskatchewan.Highlights of the ongoing program inclu…
Rex gets title confirmed
Recent unrest in Sierra Leone has prompted Rex Diamond Mining (RXD-T) to obtain a security clearance in order to resume work at its diamond mining leases in Tongo Fields and Zimmi.The company says the…
DIAMOND PAGE — SouthernEra options Yamba Lake
Work program slated to begin after data compilationA preliminary agreement with three junior companies sets the stage for SouthernEra Resources (SUF-T) to acquire a 51% interest in the Yamba Lake diam…
Mindoro explores Tiris
Junior Mindoro Resources (MIO-A) has begun a second phase of exploration at its Tiris gold property in Sumatra, Indonesia.Four drainage basins are being explored by means of soil, geochemical and geol…
EDITORIAL — Get Voisey’s Bay talks back on track — Dj vu
Soon after being elected premier in 1972, Dave Barrett haughtily told mining companies that he wanted a copper smelter built in British Columbia to process resources so that greater benefits could flo…
Moris mine keeps Manhattan in the black
Gold production at the Moris mine in northern Mexico enabled Manhattan Minerals (MAN-T) to post earnings of $199,000 (or 1 cents per share) on revenue of $4.8 million for the first six months of 1998….
NEWS ROUNDUP — Amblin tests Quebec target
A wedge hole drilled by Amblin Resources (AX-A) at its Lyndhurst property in northwestern Quebec has returned a short interval of base and precious metal mineralization.The hole intersected 2.61 metre…