GeoNova expands Discovery potential
Two holes drilled by GeoNova Explorations (GNE-M) have expanded the potential of the Discovery gold zone in northwestern Quebec.The new lens straddles the boundary between the company’s Desjardins and…
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DIAMOND PAGE — Drilling programs test AfriOre diamond properties
A 3,000-Metre drill program by BHP Minerals is testing the Gope diamond project in Botswana, reports junior partner AfriOre (AFO-V).The program is testing targets identified during a recent geophysica…
LionOre pulls hot hole in Western Australia
Infill drilling by LionOre Mining International (LIM-T) returned one of the best nickel sulphide intersections achieved to date at the Maggie Hays deposit in Western Australia.Diamond drilling returne…
METAL PRICES — Daily Metal Prices (June 30, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateJune 24June 23June 20June 19J…
TSE INDICES (June 30, 1997)
1997June 24June 23June 20June 19June 18HighLowCom…
STOCK MARKET — Composite index slides as juniors take beating on VSE — Int’l Tournigan
and Grayd Res. manage to buck downward trend among mining stocksThe Vancouver Stock Exchange composite index was down 46.5 points, or 5.06%, at 872.09 over the report period ended June 24. The mining …
STOCK MARKET — Resource stocks drag TSE down as gold price atrophies — Canadian dollar loses ground against American greenback and most other major currencies
The Toronto Stock Exchange’s TSE 300 composite index fell 41.38 points to 6,490.96 between June 18 and 24, with transportation stocks and conglomerates showing strength, and the resource sectors — fo…
Ashanti commits to African projects
Ashanti Goldfields (ASL-N) intends to spend US$28 million on exploration in Africa during 1997.The company’s managing director, Peter Cowley, says two-Thirds of the funding will be directed towards ex…
GOLD FUNDS (June 30, 1997)
Gold Funds as of June 19, 1997BGRCentralNet Value$20.02$5.87Price$15.15$5…
SPOT PRICES (June 30, 1997)
Wednesday, June 25, 1997Price(US)Week’s ChangeGold*$338.70- $3.35Silver*$ 4.77…
Shaft completed at Bissett mine
With its principal shaft now complete from surface to the main haulage level, Rea Gold (REO-T) has finished about 95% of the construction at its Bissett gold mine in eastern Manitoba.The former gold p…
Vulcan Minerals to drill Carbonear property
A summer exploration program by Vulcan Minerals (VUL-A) will test the potential of the Carbonear base metal property, 80 km west of St. John’s, Nfld.The property covers several large gossan zones and …