Yamana hits high grade in Argentina
Drilling by Yamana Resources (YRI-T) at its Martinetas property in southern Argentina has returned some high-grade values.Hole 23 returned 20 metres grading 29.2 grams gold per tonne, including 2 metr…
News
GOLD FUNDS (June 16, 1997)
Gold Funds as of June 5, 1997BGRCentralNet Value$20.28$5.82Price$15.70$5.
STOCK MARKETS — Toronto-listed golds rise in quiet week of trading —
Platinum group metals continue to dazzle investment communityThe Toronto Stock Exchange had a flat week from June 4 to 10, with the TSE 300 composite jiggling slightly up and down before finishing fra…
La Teko boosts True North
The resource calculation for the True North gold deposit near Fairbanks, Alaska, has nearly doubled.A joint venture between Newmont Mining (NEM-N) and La Teko Resources (LAORF-Q), the project is estim…
PRODUCER & DEALER PRICES (June 16, 1997)
Aluminium: LME settlements US$1,561 per tonne, alloy $1,452 per tonne (June 3/97).Antimony: Composite free market, US$2,200 per tonne (June 3/97).Bismuth: Composite free market US$3.50 per lb. (June 2…
Activists block Crown Jewel mine
Environmental activists intent on preventing development of the Crown Jewel gold mine in northwestern Washington state have filed an action in U.S.District Court against the U.S. Forest Service.The ac…
METAL PRICES — Daily Metal Prices (June 16, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateJune 10June 9June 6June 5June…
Arauco begins feasibility
The George Lake project of Arauco Resources (ARU-T) has reached the feasibility stage.Arauco has engaged H.A. Simons to conduct a feasibility study on the project, which is in the Kitikmeot region of …
Eldorado expands into African districts — Two gold mines added to international portfolio
Two operating gold mines and nine exploration properties in Africa will be acquired by Eldorado Gold (ELD-T) as part of a second-stage transfer of assets to the company from South African mining house…
Philex acquires ground in Bicol gold mining district
A recent agreement sets the stage for Philex Gold (PGI-T) to explore and develop a 729-ha claim group in the Bicol gold district of the Philippines.Situated on Southern Luzon Island, 300 km southeast …
Energold remains hopeful in D.R.
Results are in hand from 10 of 15 holes drilled to test the Centenario gold deposit in the Dominican Republic.Energold Mining (EDG-V), which recently completed the third phase of drilling, reports tha…
Patience, planning key to Vedron’s Timmins strategy
Slowly and methodically, Vedron Gold (VDGI-C) is proceeding with a drill program aimed at expanding the resource of the Fuller gold deposit, about 10 minutes’ drive southeast of town.Fuller, which pro…