Spot prices at a glance (October 21, 1996)
Wednesday, October 16, 1996Price (US)Week’s ChangeGold*$380.80- $0.10Silver*$ 5.02…
News
Ecuadorian firms up Gaby and Cerro Pelado deposits
Ecuadorian Minerals (EMC-T) has completed a 47-hole program of infill drilling on the Gaby gold property in Ecuador.The 11,717-metre program, part of a prefeasibility study, tested a large gold geoche…
LETTER TO THE EDITOR — Exploration potential outweighs possible risks in Colombia
This letter is in response to Tomas Feininger’s recent Odds `n’ Sods article, “Close Calls in Colombia” (T.N.M., Sept. 30/96). We do not intend to take issue with Mr. Feininger about what happened in …
Tri Origin enters JV in Nevada
Toronto-based Tri Origin Exploration (TOE-T) has entered into an agreement with Australian-based Plutonic Resources to explore for gold in Nevada.Plutonic can acquire a 60% stake in the joint venture …
THE DIAMOND PAGE — Klipspringer yields high-value results
Bulk-sampling results from the Klipspringer deposit in South Africa suggest it ranks among the highest-value diamond projects in the world, reports SouthernEra Resources (SUF-T).A 425-tonne sample of …
GREATEST VALUE TRADED (October 21, 1996)
ExchgValue($000s)HighLowCloseChangeBRE-X MnrlsT33…
Auspex steps up work in Portugal
Auspex Minerals (APJ-V) has begun drill-testing the Sao Martinho portion of its Portalegre gold property in east-central Portugal.The initial target of the 70-metre program is the trenched zone that r…
METAL PRICES — FREE MARKET (October 21, 1996)
London Metal ExchangeMidday bid-ask prices in $US per tonneDateOct. 15Oct. 14Oct. 11Oct. 10Oct. 9…
PRODUCER PRICES (October 21, 1996)
ALUMINIUM: LME settlements US$1,322 per tonne (Oct. 15, 1996), alloy US$1,188 per tonne (Oct. 8, 1996).ANTIMONY: Composite free market, US$2,175 per tonne (Oct. 9, 1996).BISMUTH: Composite free market…
EDITORIAL PAGE — Exporting expertise
October is “Export Month” in Canada, and this year, companies supplying goods and services to their traditional customers in the mining sector have much to celebrate.Canadian mining companies are busy…
Ashanti signs Shamrock deal
Shareholders of Australian-based Golden Shamrock Mines (GSX-T) have approved its acquisition by Ghana-based Ashanti Goldfields (ASL-N).Approval from the Supreme Court of Victoria in Australia was expe…
MOST ACTIVE ISSUES (October 21, 1996)
ExchgVol(000s)CloseBRE-X MnrlsT1407122.95Black Swan GdT…