Repadre joins Santa Cruz in Mexico
To fund development of its Magistral gold project in Mexico’s Sinaloa state, Santa Cruz Gold (SCG-T) has completed a $6.8-Million financing deal with Repadre International, a wholly owned subsidiary o…
News
DIAMOND PAGE — Archangel advances sampling program
In late September, Archangel Diamond (AAD-V) expects to receive initial results from a mini bulk-sampling test of Discovery pipe 441 at the Verkhotina tenement in the Arkhangelsk region of northwester…
LME Warehouse Levels (June 09, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at June 2/97 (change from previous week in brackets):Aluminium734,600(-19,525)Copper132,500(-4,525)Lead117,825(-300)Nickel52,32…
Armada eyes gold in Chita
Armada Gold (AAU-T) has signed a protocol with the regional administration of Chita Oblast, Russia, addressing the future development of its Baley gold project.The agreement covers various tax issues …
Manhattan’s Morris mine approaches full capacity
The Morris gold-silver mine in Mexico’s Chihuahua state is expected to reach commercial production in the second quarter, reports Manhattan Minerals (MAN-T).During the first quarter, the mine yielded …
Correction (June 09, 1997)
In our issue of June 2, we reported that Bullion Monarch (BMRK-O) had acquired an 80% interest in Knomex Resources (KNO-A). In fact, Knomex is still proceeding with its due diligence review of the pro…
Princeton postpones rollback, suffers loss
Poor market conditions have forced Princeton Mining (PMC-T) to postpone a planned 5-for-1 share rollback.The transaction had been approved previously, but, because of the battering many mining stocks …
LETTER TO THE EDITOR — Ontario committed to regulatory reform
I am writing in response to the commentary on the Ontario regulatory process (T.N.M, May 12/97).I was quite disappointed to see such a portrayal of Ontario’s regulatory system in your publication. The…
PEOPLE — BOOKER GOLD (June 09, 1997)
William Deeks appointed director.
DIAMOND PAGE — Ashton focuses on Roundrock play
Ashton Mining of Canada (ACA-T) will examine new indicator mineral targets on the Roundrock property in the Northwest Territories.Drilling last summer resulted in the discovery of the Aquila diamondif…
PEOPLE — BEHRE DOLBEAR (CANADA)
Derek Rance appointed president and chief executive officer.
Metal Prices — Daily Metal Prices (June 09, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateJune 3June 2May 30May 29May 2…