Plata Mining seeks Argentine gold and zinc
Junior Plata Mining (PMT-A) is setting its sights on developing its Argentine gold and zinc properties while it tries to overcome financing problems.The Buenos Aires-based company is headed by Preside…
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FACTS ‘N’ FIGURES — Greenland exploration on rise
The last operating mine in Greenland closed in 1991, prompting the government there to amend the Mineral Resources Act. The move was intended to bolster the island’s sagging mineral resources sector.N…
GOLD FUNDS (September 01, 1997)
Gold Funds as of August 21, 1997BGRCentralNet Value$18.73$5.61Price$14.65…
STOCK MARKETS — Base metals beaten down again on TSE — Broad market heads nowhere but golds finally move higher
The Toronto Stock Exchange was uninspired during the trading period Aug.20-26, losing 17.97 points to close Aug. 26 at 6,697.91. The base metals, oil and gas, and real estate sectors were the major dr…
EDITORIAL — Investors place premium on growth in mining — Busang slows merger mania
The top brass of the major brokerage firms love them; lawyers love them; and so do accountants. Most important of all, investors love them, forgetting, as many do, that if two plus two can equal five,…
Royal Oak finds deeper gold near Colomac
Drill results suggest that the Colomac gold mine in the Northwest Territories may have potential to continue as an underground operation once production at the open pit ceases this autumn.Various expl…
PRODUCER AND DEALER PRICES (September 01, 1997)
Aluminium: LME settlements US$1,764 per tonne, alloy $1,455 per tonne (Aug.26/97).Antimony: Composite free market, US$1,880 per tonne (Aug. 25/97).Bismuth: Composite free market US$3.60 per lb. (Aug. …
Rio Tinto drills gold prospect
Rio Tinto (RTP-n) is engaged in a drilling program at its wholly owned Canoas concession in south-central Ecuador.The activity is focused on the northwestern part of the concession. To date, about 40 …
Lytton and New Indigo release grade for Jericho
Partners Lytton Minerals (LTL-T) and New Indigo Resources (NDR-A) report that the average grade of the JD/OD-1 kimberlite pipe in the Northwest Territories is now 1.18 carats per tonne.The announcemen…
LME WAREHOUSE LEVELS (September 01, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Aug.22/97 (change from previous week in brackets):MetalStocks (tonnes)Change…
Solitario cuts high-grade zinc
Initial drilling at two zinc-lead prospects held by Solitario Resources (SLR-T) in northern Peru has intersected high-grade mineralization.The drilling is being performed by the Peruvian subsidiary of…
Altavista busy near Sept-Iles
A recent private placement netted $590,000 for Altavista Mines (ASIA-M) to finance exploration work on the Chiskal and La Source properties in the Sept-les region of Quebec.Work to date on the propert…