GREATEST VALUE TRADED, June 23-29
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News
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Marshall Minerals soars on deal for deposit in Tajikistan
The Toronto Stock Exchange had a broad trading range during the June 24-29 report period, with the TSE 300 composite index rising 3.3% to 7,409.38 points. The metals and minerals sub-index gained 2%, …
TSE INDICES (July 06, 1998)
1998June 30June 29June 26June 25June 24HighLowCom…
PRODUCER & DEALER PRICES (July 06, 1998)
Aluminium: LME settlements US$1,285, alloy US$1,216 per tonne (June 30/98).Antimony: Representative mid-market US$1,350 per tonne (June 30/98).Bismuth: Representative mid-market US$3.60 per lb. (June …
BASE METALS — Insular explores for Sierra Madre gold
An exploration program has kicked into gear at the El Diamante project in Mexico’s Sierra Madre gold belt.Insular Explorations (ISX-V), which is acquiring a 70% working interest in the gold-silver pro…
DIAMOND PAGE — Snap Lake diamonds yield high valuations
Diamonds recovered from the NW Snap Lake dyke on the Camsell Lake property have yielded the highest carat values ever reported in the Northwest Territories.Three independent valuations were carried ou…
Juniors settle differences with South African majors
Ending months of litigation, America Mineral Fields (AMZ-T) has formed a new company with South African mining house Anglo American (ANGLY-Q) to pursue jointly the giant Kolwezi tailings project in th…
BASE METALS — Redfern Resources gearing up to develop Tulsequah Chief deposit
Having been granted the legal right to begin developing the past-producing Tulsequah Chief polymetallic mine, Redfern Resources (RFR-V) is gearing up for a 2-year development and construction program….
Abacus steps out on La Manchuria
A second round of drilling at the La Manchuria gold-silver property in Argentina’s Santa Cruz province has returned variable results for Vancouver-based Abacus Minerals (AMC-V).Five of the six holes c…
BASE METALS — Niocan gets thumbs-up for niobium project
Based on a positive feasibility study, Niocan (NIO-M) intends to proceed with development of an underground niobium mine and processing plant west of Montreal.The wholly owned project, situated in the…
BASE METALS — Gold not only treasure in Ontario
Northern Ontario may be recognized as having some of the most prolific gold camps in the world, but numerous junior companies are striking deals and seeking out the province’s substantial base metal r…
BASE METALS — Maluku base metal project a prospecting triumph
Half a world from their Newfoundland homes, prospectors working for Inco (N-T) and Indo Metals (IOM-V) are proving that mineral exploration is indeed a high-tech industry, and that the highest technol…