Metal Futures
Settlement prices for London Metal Exchange three-month contracts and spot metal, Apr. 7/98 (US$ per tonne):MetalCash Price3-Month Price…
News
Valerie hits anomalous mineralization at Mamatla
Valerie Gold Resources (VLG-V) reports that recent drilling on a promising soil geochemical gold-silver anomaly at the Mamatla concession in south-central Mexico returned anomalous mineralization.Unde…
Canyon seeks partner for McDonald project
Low gold prices have forced Canyon Resources (CAU-X) to seek a joint-venture partner for the McDonald gold project in Montana, says President Richard De Voto.After gaining sole ownership of the projec…
ECU warms up at Velardena
As part of its preproduction phase, ECU Gold Mining (ECU-M) has begun processing ore at its Velardena gold and silver mine in Mexico.The mill is treating an average of 380 tons per day by direct cyani…
Santa Fe returns to Springpole
Santa Fe Canadian Mining, a subsidiary of Newmont Gold (NGC-N) has climbed back aboard the Springpole gold project of Gold Canyon Resources (GCU-V) after having dropped its original option in 1996.San…
Runoff curtails Kidd production
Faced with an influx of runoff water from the surface, the Kidd mining division of Falconbridge (FL-T) has shut down operations below the 2,800-ft.level of the mine complex near Timmins, Ont.The shutd…
Armada finances Siberian project
Junior Armada Gold (AAU-T) has closed a $1.4-million private placement with Levesque Beaubien Geoffrion aimed at financing exploration work in Siberia and Mongolia.The financing consists of 6.6 millio…
Minorca teams with Tan Range — Work program under way at Itetemia
Juniors Minorca Resources (MAR-T) and Tan Range Exploration (TNX-A) will shortly sign a formal agreement to jointly explore the latter’s Itetemia gold property in the Lake Victoria Goldfields region o…
Banro completes initial phase of drilling at Twangiza
Banro Resource (bnrs-c) has completed the first phase of diamond drilling at its Twangiza gold project in the Democratic Republic of Congo’s Kivu province.This phase consisted of 9,251 metres drilled …
LATIN AMERICA — Eloro warms to gold potential of Guatemala
An increasingly stable political climate and positive changes to mining and tax legislation are making Guatemala a more attractive destination for Canadian junior explorers.The country’s 36-year civil…
LATIN AMERICA — Diagem seeking more Brazilian diamonds
To illustrate that all that glitters is not gold, Diagem International Resource (DGM-V) recently invited the The Northern Miner to view an 80-carat diamond being polished in Vancouver, B.C.The diamond…
LATIN AMERICA — Sur American drills ground in Colombia
A sampling program by Sur American Gold (SUR-V) has resulted in a gold-silver discovery within siliceous sinters at the company’s 100%-owned Gavia project in western Colombia. The sinters occur as bou…