GREATEST VALUE TRADED, Jan. 29-Feb. 4
ExchgValue($000s)HighLowCloseChangePlacer DomeT16…
News
Correction (February 10, 1997)
At the Camsell Lake project in the Northwest Territories, a total of 143 diamonds, including 33 macros, was recovered from 34.05 kg of boulder material sampled from two sites. Incorrect information ap…
Spot prices at a glance (February 10, 1997)
Wednesday, Febuary 5, 1997Price (US)Week’s ChangeGold*$343.15- $7.00Silver*$ 4.86…
Rhonda hits solid grades at Esker
Drilling at the lead-zinc-silver Esker project in the Northwest Territories has returned encouraging results for Rhonda Mining (RDM-A).Results include: 5.6 ft. grading 0.94 oz. silver per ton and 18.3…
Metallica makes headway at projects in Mexico and Chile
Reserves have increased substantially at the Cerro San Pedro gold project near San Luis Potosi, Mexico.Metallica Resources (MR-T) reports that oxide reserves now stand at 77.3 million tonnes grading 0…
Sutton boosts Bulyanhulu resource
With preliminary estimates suggesting the Bulyanhulu gold deposit in northwestern Tanzania could contain up to 5 million oz., the directors of Sutton Resources (STT-V) have adopted a shareholder right…
Strong dollar behind gold’s slide
Gold prices continued their slow decline in early February.The London afternoon fix was US$343.40 per oz. on Feb. 5, down $7.70 from the previous Wednesday’s close, and down a stinging $26 from Dec. 2…
GSC releases new map on CD
The Geological Survey of Canada (GSC) has released an updated map of Canada in both paper and CD-ROM formats.Compliled from published and unpublished materials of the GSC and other sources, the map re…
Royalstar says bye to Tonkin Springs
Royalstar Resources (RYQ-V) is selling its stake in Gold Capital (GOPC-Q) to Globex Mining Enterprises (GMX-T).An agreement, subject to regulatory approval, would see the Vancouver-based junior sell i…
Australians buy a big slice of IOCC pie
Australian-listed North has struck a US$230-million deal for a 59.3% stake in Iron Ore Co. of Canada (IOCC), Canada’s largest producer of iron ore.The Melbourne-based company bought a 37.6% interest h…
Copperstone closes private placement
Copperstone Resources (CPP-V) has closed a private placement of 800,000 special warrants.Proceeds of $680,000 will be used to pay down debt and finance a drill program on the Lucifer concession in the…
PEOPLE — INDOMIN (February 10, 1997)
K. McKechnie appointed chairman and chief executive officer.