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News
SPOT PRICES (September 01, 1997)
Wednesday, August 27, 1997Price (US)Week’s ChangeGold*$325.30+ $3.30Silver*$ 4.66…
TORONTO STOCK EXCHANGE INDICES (September 01, 1997)
1997Aug 26Aug 25Aug 22Aug 21Aug 20HighLowComposite”300″6697.916732.916709.786732.976773.136964.085657.96Metals & Minrls5100.355168.555115.825146.505194.905891.754927.03Integrated …
Drills turn at Lew property
A 6-hole drill program totalling 2,000 metres is under way at the Lew volcanogenic copper-zinc property, 20 km east-northeast of Flin Flon, Man.Partners Thunderwood Resources (THS-T) and Consolidated …
Voisey’s Bay work halted
A permitting delay threatens to push back the production date for the Voisey’s Bay nickel-copper-cobalt project beyond the current projection of late 1999.A Newfoundland Court of Appeal injunction has…
Falconbridge, workers reach contract deal
Falconbridge has come to a new contract agreement with 1,400 striking production and maintenance workers at its mining and smelting operation in Sudbury, Ont.Employees had been on strike since Aug. 1,…
Cornucopia eyes Dublin Gulch
The Dublin Gulch gold project in the Yukon Territory has been relatively inactive for years. But Cornucopia Resources (CNP-T) plans to take control of the project from First Dynasty Mines (FDM-T) and …
Pelangio aims drills at Bristol Twp.
Drilling by Pelangio Larder Mines (PLLM-C) is under way at the Poirier prospect in Bristol Twp., west of Timmins, Ont.Pelangio, which is earning a 50% interest from Copper Dome Mines (cpj-a), is drill…
Cartaway poised to drill in Labrador
Sapphires in the south and nickel-copper-cobalt farther north represent the commodities being sought in Labrador by Cartaway Resources (cwa-a).The junior has established a camp and started a program o…
River Gold mills ore from Edwards mine
Ore from the Edwards gold mine near Dubreilville, Ont. — one of the richest deposits in Canada — is being processed commercially for the first time.Mine owner VenCan Gold (VCG-M) reports that the fi…
Gold Reserve passes audit
A study by Behre Dolbear has concluded that data collection procedures used by Gold Reserve (glr-t) at its Brisas gold deposit in southeastern Venezuela meet or exceed accepted industry standards.Othe…
Battle Mountain, Orvana option Chilean property
The Copper Line joint venture of Battle Mountain Gold (BMG-N) and Orvana Minerals (ORV-T) has reached an agreement-in-principal with the Chilean state mining enterprise Codelco that will expand the jo…