Falconbridge joins Labrador nickel search
Having lost the only “sure-Thing” nickel project in Labrador — Voisey’s Bay — to arch-rival Inco (N-T), Falconbridge (FL-T) has decided to spend a small portion of its $101-Million consolation prize…
News
METAL PRICES — Daily Metal Prices (April 21, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateApr. 15Apr. 14Apr. 11Apr. 10A…
MOST ACTIVE ISSUES, April 9-15
ExchgVol(000s)CloseBre-X MnrlsT486052.25Bresea ResM…
Drilling starts at Annic property
Toronto-based Tiomin Resources (TIO-T) and Quebec government-owned Soquem have begun drilling on their jointly held Annic nickel-copper-cobalt project near Manicouagan, 110 km northwest of Sept-Iles, …
Spot Prices (April 21, 1997)
Wednesday, April 16, 1997Price (US)Week’s ChangeGold*$341.45- $6.55Silver*$ 4.73…
GOLD FUNDS (April 21, 1997)
Gold Funds as of April 10, 1997BGRCentralNet Value$20.91$6.00Price$16.70$…
LETTER TO THE EDITOR — Bre-X coverage top-Notch
Having read your latest reports on Bre-X Minerals (T.N.M., March 26 and April 7/97), I am now able to assess the situation for myself.Instead of falling into sensationalism or making questionable and …
Ashton increases holdings in Buffalo Hills
Encouraged by its recent discovery of 11 kimberlite bodies in the Buffalo Hills area of north-central Alberta, Ashton Mining of Canada (ACA-T) has acquired a position in an additional 21-Million-Acre …
SouthernEra’s diamonds appraised
SouthernEra Resources (SUF-T) has received the valuation results for diamonds discovered at its Klipspringer project in South Africa.A parcel of 4,832 carats from run-of-Mine production evaluated by f…
Viceroy Res. posts loss over 9-Month period in 1996
For the last nine months of 1996, Viceroy Resource (VOY-T) suffered a loss of $39.2 million, or 80 cents per share.The loss stemmed from a $39.6-Million adjustment in the carrying value of the company…
Rea proves up Centennial gold deposit in east Nevada
Initial results from confirmation drilling have verified the presence of gold mineralization at the Centennial deposit of the Mt. Hamilton mine in eastern Nevada.Rea Gold (REO-T) reports that the prog…
JM Asbestos heads underground — Noranda’s Magnola to produce magnesium from tailings
JM Asbestos, owner and operator of the Jeffrey asbestos mine in Quebec’s Eastern Townships, is winding down its open-pit operations and gearing up for underground production, to begin in the year 2000…