CORRECTION (July 20, 1998)
In our July 13 issue, we erred in reporting that Tokyo-based Jipangu had agreed to purchase a private placement of 1 million units of Claimstaker Resources (CLN-V) at 2 cents per unit. The correct val…
News
MINING MARKETS & INVESTMENT NEWS — Tiomin raises funds in placement
Tiomin Resources (TIO-T) has completed a private placement of 2 million shares priced at 50 cents each, for proceeds of $1 million.The company is preparing to begin a feasibility study at its Kwale ti…
MINING MARKETS & INVESMENT NEWS — QUERY — Intergold claims Carlin-sized deposit
Intergold recently informed me that it has made a major gold discovery in south-central Idaho. The company’s comments regarding ore grades appear inconsistent (0.14 oz. per ton versus 0.03 oz. obtaine…
BOOK REVIEW — The trespasser’s guide to exploration in the bush — Entry and Work on Private Property: An Explorationist’s Guide
Hewson & White Printing, P.O. Box 1295, Kingston, Ontario K7L 4Y8″It is sometimes surprising how many prized cattle a farmer may own,” says Karl Harries in one of his many footnotes, “and how prone th…
MINING MARKETS & INVESTMENT NEWS — LISTINGS & FINANCINGS — La Teko finds roost on TSE
Vancouver-based La Teko Resources (LAO-T) has been listed for trading on the Toronto Stock Exchange.Already a member of the Vancouver Stock Exchange and the Nasdaq board, the company is exploring for …
GREATEST VALUE TRADED, July 8-14
ExchgVal($000s)HighLowCloseChangePhelps Dodg *N13…
Mount Polley placed on life support
Imperial Metals (IPM-T) will not suspend operations at its 55%-owned Mount Polley mine, 60 km northeast of Williams Lake, B.C.The decision was reached after shareholders agreed to adopt an economic pl…
GOLD FUNDS (July 20, 1998)
Gold Funds as of July 9, 1998BGRCentralNet Value$13.98$5.96Price$10.20$5.
LME WAREHOUSE LEVELS (July 20, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at July 13/98 (change from July 6 in brackets):MetalStocks(tonnes)Change…
TSE INDICES (July 20, 1998)
1998July 14July 13July 10July 9July 8HighLowCompo…
Western Pacific seeks JV in PNG
Edmonton-based Western Pacific Gold (WPI-A) says it has entered negotiations with an undisclosed company to form a joint venture to explore in Papua New Guinea.Western Pacific is keeping the name of t…
MINING MARKETS & INVESTMENT NEWS — Nelson to proceed with offering
Proceeds from a rights offering by Nelson Gold (NLG-T) will be used to repay a loan.The purchase of four rights will entitled holders to purchase one common share at 27 cents until July 27, 1998. The …