Link confirms silver-gold veins
Drilling on Link Minerals’ (LMVL-C) Hombre Libre concession in Honduras has confirmed the existence of vein-hosted silver-gold mineralization.The 18-hole program tested three separate target areas — …
News
STOCK MARKETS — Rise in gold price bolsters TSE
Spurred on by an almost continuous rise in gold prices, the Toronto Stock Exchange’s composite 300 index hit several new highs during the trading period Feb. 12-18, rising 1.8% from the previous week …
LME Warehouse Levels (February 24, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Feb. 17/97 (change from previous week in brackets):Aluminium910,625(-15,025)Copper220,625(+2,150)Lead110,100(-800)Nickel45,7…
Gold Funds (February 24, 1997)
Gold Funds as of February 13, 1997BGRCentralNet Value$21.72$5.97Price$17.25…
Spot prices at a glance (February 24, 1997)
Wednesday, February 19, 1997Price (US)Week’s ChangeGold*$346.10+ $9.20Silver*$ 5.2…
Uranium Resources boosts earnings
The improved uranium market enabled Uranium Resources (URIX-Q) to report net earnings of US$262,000 for its 1996 fourth quarter, compared with a loss of US$41,000 for the same period a year earlier.Th…
Copperstone drills at Lucifer
Drills are turning on the Lucifer concession in Baja California Sur, Mexico.Copperstone Resources (CPP-V) is earning an 80% interest in the project from Island-Arc Resources (IAR-V).The 1,500-metre, 1…
Keylock Res. gets nod for foreign venture
The Alberta Stock Exchange has given its conditional approval for Keylock Resources (KL-A) to acquire all the shares of Centramining, a private company with interests in four gold projects in Kazaksta…
LITERATURE REVIEW — NEWS ROUNDUP — Great Lakes restructures
At a special meeting in late January, more than 98% of the shareholders of Great Lakes Minerals (GKM-T) approved the sale of the company’s Mexican assets to a wholly owned subsidiary, Newmex Mining.Th…
“We found too much gold” — Freeport-McMoRan to develop Busang, Bre-X retains 45% interest
The open bidding process had been going on all the time.Freeport-McMoRan Copper & Gold (FCX-N) will be the developer of the Busang gold project in northeastern Kalimantan, Indonesia, following an agre…
LITERATURE REVIEW — NEWS ROUNDUP — Verena seeks Rainbow jewels
A bulk-sampling program by Verena Minerals (VMCO-C) will test alexandrite and emerald deposits at the Rainbow project in Brazil. The junior controls more than 1.2 million ha of prospective gold and ge…
LITERATURE REVIEW — NEWS IN BRIEF
International Pursuit (IPJ-T) has reversed its decision to purchase shares of Western America Resources (WAR-A), after closing conditions for the purchase agreement between the two companies were not …