Asarco explores West Fissure
An agreement with Southwestern Gold (SWG-T) allows a unit of Asarco (AR-N) to earn a 51% interest in the West Fissure copper project in central Chile.The property comprises 58,000 ha in the main West …
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EXCHANGE RATES (October 11, 1999)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateOct. 5Oct. 4Oct. 1Sept. 30Sept. 29…
Gov’ts open Nunavut geoscience base — Office part of federal effort to support northern mineral projects
A new geoscience centre in Iqualuit, Nunavut, will be instrumental in helping that region discover and exploit its mineral potential, say the three government partners involved in the project.Natural …
U.S. MARKETS — Gold continues rise
The Dow Jones industrial average climbed 125.06 points, or 1.2%, during the report period ended Oct. 5 to close at 10,400.59.Gold miners were mixed as the metal continued its bumpy rise. Spot prices o…
METAL PRICES (October 11, 1999)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateOct. 5Oct. 4Oct. 1Sept. 30…
PRODUCER & DEALER PRICES (October 11, 1999)
Antimony: Mid-mkt US$1,180/t.Bismuth: Mid-mkt US$4.55/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Mid-mkt ores US$65/t.Cobalt: Recent trades US$14.75-17.30/lb.Copper: Comex Dec. US$0.81/lb.Indium: Indium…
LME WHSE LEVELS (October 11, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Oct. 5/99 (change from Sept. 28 in brackets):MetalStocks (tonnes)Change…
Junior works South Carlin
Drilling by Nevada Pacific Gold (npg-v) at its South Carlin property in Nevada has confirmed the presence of a large hydrothermal system.Partial assays from the 3-hole, 6,480-ft. program show elevated…
Noveder to drill in Nfld
Drilling is set to begin at Noveder’s (NED-M) Betts Cove and Rainbow gold properties near Baie Verte, Nfld.The 1,100-metre program is designed to test the extensions of the producing horizon at the Nu…
Grayd confirms high grade at Rumble Creek
Additional surface sampling has enabled Grayd Resources (GYD-V) to confirm high-grade gold values on its Rumble Creek property near Tok, in the Delta district of Alaska.The samples returned up to 61.4…
DIAMOND PAGE — Rex finds Mauritania kimberlite
Junior Rex Diamond Mining (RXD-T) has found a kimberlite pipe on its Tenoumer diamond prospect in Mauritania, West Africa.The pipe, covered by 1.5 metres of loose dune sand, was found in a circular ae…
Expatriate plans program in Yukon
Expatriate Resources (EXR-V) intends to carry out an 8,000-metre drill program on its HP and Nod polymetallic properties in the Yukon next summer.The properties comprise a total of 97 claims and adjoi…