Corrections (June 29, 1998)
The 10-oz. Silver Maple Leaf coin recently pressed by the Canadian Mint has a face value of $50 and retails for $199.99. The coin is the largest legal tender coin ever produced in Canada. Incorrect in…
News
Gitennes defines Rio Suro with underground drilling
Junior Gitennes Exploration (GIT-T) has launched an underground drilling program on the Rio Suro zone at its Virgen property in northern Peru in an attempt to outline a proven reserve to a vertical de…
Falco, NAR drill targets in Zimbabwe — Program defines zone of massive sulphides
Drilling by partners Falconbridge (FL-T) and NAR Resources (NRL-M) at their Maramba project in northeastern Zimbabwe has defined a 4.5-km alteration zone containing significant copper-zinc-silver mass…
MINING MARKETS & INVESTMENT NEWS — Payment deferred
Olympus Pacific Minerals (OYM-V) has inked a deal with Indochina Goldfields (ING-T) to defer, for 12 months, $541,000 of a $641,000 payment due Sept. 11. The payment relates to Olympus Pacific’s acqui…
NEWS ROUNDUP — JNR sizes up Black Lake
Two spectrometers are being used to assess drill results from the Black Lake-Newnham Lake uranium project in Saskatchewan’s Athabasca basin.The project, part of a joint venture between JNR Resources (…
High River hits new gold zone at Taparko
A drill program to test for buried mineralization at the Taparko property in northeastern Burkina Faso has paid off for High River Gold (HRG-T).Thick lateritic cover had previously prevented explorati…
BASE METALS — Drill program in Peru aims for Antamina lookalike
Major companies rarely bother exploring properties unless they see potential for mineral deposits big enough, or rich enough, to make an important contribution to their bottom line. That, in a nutshel…
MINING MARKETS & INVESTMENT NEWS — QUERY — Perron, Arimetco have faint pulse
AJ Perron and Arimetco International have both been de-listed. Is there any hope for either of them?.SFred Carach,.SMiami, Fla.Arimetco International (ARX-T) was de-listed by the Toronto Stock Exchang…
BASE METALS — Inco and Fort Knox team up to explore for nickel in Labrador
Junior Fort Knox Gold Resources (FNX-T) will get a helping hand from its major shareholder, Inco (N-T), in its quest for Labrador properties prospective for Voisey’s Bay-type nickel-copper-cobalt depo…
MOST ACTIVE ISSUES, June 17-23
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SPOT PRICES (June 29, 1998)
Wednesday June 24, 1998Price (US)Week’s ChangeGold*$293.90+ $5.50Silver*$ 5.34…
MINING MARKETS & INVESTMENT NEWS — Base metal majors perform despite weak prices — Most gold miners up as yellow metal stages minor comeback; settlement sparks SouthernEra
The Toronto Stock Exchange enjoyed a broad trading range during the June 17-23 report period, with the TSE 300 composite index dropping marginally to 7,175.23 points. Both mining sub-groups fell more …