GREATEST VALUE TRADED, Mar. 18-24
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Articles by Northern Miner Staff
LME WAREHOUSE LEVELS (March 30, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Mar.24/98 (change from Mar. 17 in brackets):MetalStock(tonnes)ChangeAluminium547250(-5200)Copper352250(-2775)Lead98100(-560…
Indo Pacific raises funds
A rights offering is expected to provide Indo Pacific Resources (IPF-A) with the funds necessary to begin exploring a large land package in Papua New Guinea (PNG).If the offering is fully subscribed, …
Cross Lake hits more sulphides at Sheraton
Four more drill holes on the Sheraton Twp. property of Cross Lake Minerals (CRN-V) have intersected copper and zinc mineralization.Drilling on the property, 40 km east of Timmins, Ont., has recently c…
Western Copper agrees to a $3-million loan from Teck
A previously announced $5-million financing with Canaccord Capital has been terminated by mutual consent and, instead, Western Copper Holdings (WTC-T) has arranged for a loan of up to $3 million with …
CORRECTION (March 30, 1998)
In the March 16-22 issue of The Northern Miner, the reserve estimate for the El Sauzal gold project of Francisco Gold (FGX-V) should have read 47 million tonnes averaging 3.22 grams gold per tonne.
International Curator closes financing
International Curator Resources (IC-T) has closed a private placement of 3 million shares at 84 per share, for gross proceeds of $2.5 million.The net proceeds will be used to fund the ongoing feasibi…
SUPPLIERS NEWS ROUNDUP — Scintrex buys Auslog
Geophysical instrument firm Scintrex has entered into a definitive agreement to acquire Australian-based Auslog, a leading manufacturer of borehole geophysical instruments.The transaction is expected …
Tulsequah Chief gets green light
Redfern Resources (RFR-T) has been given the go-ahead to reopen the Tulsequah Chief mine in northwestern B.C.The government of British Columbia officially approved the mine proposal on March 20 in Vic…
Geophysics adds potential to Potter project
An ongoing geophysical program at the Potter base metal property in Munro Twp., 80 km east of Timmins, Ont., has provided numerous drill targets for owner Millstream Mines (MLSM-C).Induced polarizatio…
DIAMOND PAGE — Messina boosts grade of Star mine — New fissure found at Messina mine project
Messina Diamond (MSC.U-T) has found an extension to a high-grade portion of its Star mine, situated 50 km south of Welkom, South Africa.Sampling of 674 tonnes of material taken from the vicinity of th…
NEW HORIZONS — America’s ex-smokers
Deep in the dark privacy of the ocean floor, a group of smokers puff away proudly; what they exhale is a far cry from second-hand smoke.”Black smokers,” or massive chimney-like structures that vent ho…