METAL PRICES — DAILY METAL PRICES (July 07, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateJuly 1June 30June 27June 26Ju…
News
Mineral Ridge pours first gold
Cornucopia Resources (CNP-T) has poured its first gold at the Mineral Ridge mine near Tonopah, Nev.The company put the operation on the fast-Track after receiving permits and approvals in July 1996. W…
Average cash costs for gold production on the decline
The cost of operating gold mines in the Western World in 1996 fell to US$250.70, down US$2.50 from $253.2 per oz. in 1995, according to a survey conducted by Sydney-based AME Mineral Economics.Average…
Partners outline zone at Intidougou
A second phase of drilling on the Intidougou gold project in western Burkina Faso is returning encouraging results for equal partners Orezone Resources (ORZ-M) and Geomaque Explorations (GEO-T).The pr…
Perron deposit expands following drilling by Coleraine
Rouyn-Noranda, Que.-based Coleraine Mining Resources (CRI-M) has confirmed the presence of two gold-rich zones on the Perron property, 12 km west of Normetal in northwestern Quebec.The first phase of …
GeoNova expands Discovery potential
Two holes drilled by GeoNova Explorations (GNE-M) have expanded the potential of the Discovery gold zone in northwestern Quebec.The new lens straddles the boundary between the company’s Desjardins and…
DIAMOND PAGE — Drilling programs test AfriOre diamond properties
A 3,000-Metre drill program by BHP Minerals is testing the Gope diamond project in Botswana, reports junior partner AfriOre (AFO-V).The program is testing targets identified during a recent geophysica…
LionOre pulls hot hole in Western Australia
Infill drilling by LionOre Mining International (LIM-T) returned one of the best nickel sulphide intersections achieved to date at the Maggie Hays deposit in Western Australia.Diamond drilling returne…
METAL PRICES — Daily Metal Prices (June 30, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ 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…