SPOT PRICES (August 10, 1998)
Wednesday Aug 5, 1998Price (US)Week’s ChangeGold*$288.85-$2.15Silver*$ 5.47…
News
Canadian exploration spending tops $800m 5 Dave Barr, Atlin residents win mining awards
Despite the lure from abroad, Canada’s mineral potential continues to attract exploration dollars from both juniors and majors, according to the latest figures compiled by Natural Resources Canada (NR…
MINING MARKETS & INVESTMENT NEWS — INSIDER TRADING — Shares traded by execs at Twin Gold, American Gem
The Ontario Securities Commission’s OSC Bulletin reports that a director of Twin Gold (twg-t) bought several blocks of shares in that company in June.Hermann Derbuch bought 147,500 shares at 27-30 cen…
DIAMOND PAGE — Ashton continues work at Buffalo Hills
The final three of nine kimberlites discovered last winter on the Buffalo Hills project in north-central Alberta have proved to be barren.Only one micro (less than 0.5 mm) was recovered from the K-32 …
Mustang discovers PGEs at East Bull Lake property
Toronto-based Mustang Gold (MUST-C) has uncovered showings of platinum group elements at its East Bull Lake property, 80 km west of Sudbury, Ont.Preliminary geochemical sampling returned up to 1.58 gr…
TSE INDICES (August 10, 1998)
1998Aug 4Aug 3July 31July 30July 29HighLowComposi…
Mansfield options porphyry prospect Mill construction begins at Minto property in Yukon
Vancouver-based Mansifeld Minerals (MDR-V) and Aranlee Resources (ARB-V) will jointly develop the Pancho Arias porphyry prospect in northern Argentina’s Salta province.Mansfield can acquire a 60% inte…
DIAMOND PAGE — SouthernEra samples till at Back Lake
SouthernEra Resources (SUF-T) has resumed exploring the Back Lake project in the Northwest Territories. The company is attempting to find the source of glacially transported kimberlite boulders on the…
EDITORIAL — Anti-mining initiative on ballot — Straight Talk
Montana is cowboy country, where common sense and straight talk are still hailed as home-grown virtues. It’s mining country too, with the Stillwater operation noted for being the only primary producer…
Kabila’s government slow to advance mining in DRC
When Laurent Kabila wrested control of the former Zaire from ailing dictator Mobutu Sese Seko more than a year ago, he promised to revive the nation’s ailing mining industry, wage a war on corruption,…
Boliden walks from Vizcachitas joint venture
Toronto-based base metals major Boliden (BOL-T) has cancelled its joint-venture agreement with Denver-based General Minerals (GNM-T) regarding the Vizcachitas copper porphyry in central Chile.Boliden,…
COMMENTARY — Gold’s behavior predictable
.BRobert HoyeThere is an old saying in physics that if you keep your database short enough, it will fit your theory. The views of both goldbugs and goldphobes seem conditioned by events over only the …