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…
News
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…
Companies (October 11, 1999)
Agnico-Eagle MinesAlberta EnergyAmerican Mineral FieldsAnaconda NickelAnglo AmericanAnglogoldAsarcoAshanti GoldfieldsAshton Mining of CanadaAtna ResourcesBarramundi GoldBarrick GoldBattle Mountain Gol…
Newmont funds drilling at Longline gold property
A 3,000-metre drill program is under way on Barramundi Gold’s (BAM-A) Longline project in west-central Yukon.The program is being operated and funded by a Canadian unit of Newmont Mining (NEM-N), whic…
Victoria adds property
Vancouver-based Victoria Resource (VIT-V) has added another gold property to its Nevada land package.In the northern portion of the state, the company has the right to earn 100% of the North Carlin pr…
Phelps Dodge wins double-header in copper battle
With its proposed merger with Asarco (AR-N) foiled at every turn, Cyprus Amax Minerals (CYM-N) has accepted an amended takeover bid from copper giant Phelps Dodge (PD-N). A few days later, Asar…
Doublestar gains Falco assets
Junior Doublestar Resources (DSR-V) will acquire all 13 mineral property interests of Falconbridge (FL-T) in British Columbia.In return, Doublestar is required to pay $500,000 over 20 months and issue…
Gold price traps Ashanti in hedge deal — Possibility of US$450-m loss hits gold producer’s shares
Shares in Ghanaian gold producer Ashanti Goldfields (ASL-N) plunged following an announcement that the company was facing large paper losses in its gold hedging program.Ashanti, which was among those …