LME WAREHOUSE LEVELS (December 28, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Dec.22/98 (change from Dec. 15 in brackets):MetalStocks(tonnes)Change…
News
GEOLOGY 101 — Zinc-copper VMS deposits, Part 2
The largest greenstone-hosted volcanogenic massive sulphide (VMS) deposit in Canada is at Kidd Creek, where 115 million tonnes of ore contain an average of 2.2% copper and 7.25% zinc plus 145 grams si…
TSE SHORT POSITIONS (December 28, 1998)
Short positions outstanding at December 15, 1998Larger individual positions include: Abitibi Consolidate 1,378,380, up 79,125; Alcan Aluminium 1,355,391, up 227,351; Asia Pacific Resources 140,600; Ba…
Magnesium Alloy raises funds for Kouilou
Toronto-based Magnesium Alloy (MGAC.U-C) has closed a financing deal relating to its magnesium project near the coast of the Republic of Congo.The brokered private placement consisted of 1.7 million u…
MOST ACTIVE ISSUES, Dec. 16-21
ExchgVol(000s)HighLowCloseChangeNoranda Inc.T4570…
DIAMOND PAGE — Judge calls for charges against Rovic
A judge has recommended that two employees of Rovic Diamonds and their employer be charged with culpable homicide in connection with a mud slide that killed 20 people at a diamond mine in South Africa…
Minera Andes forms JV with Battle Mountain
Spokane-based Minera Andes (MAI-A) has signed a letter-of-intent with the Argentine subsidiary of Battle Mountain Gold (BMG-N) to earn a half-interest in the Los Azules gold property.Battle Mountain c…
Group picks up Santa Cruz
In a reverse-takeover, Santa Cruz Gold (SCG-T) has agreed to acquire all the shares of privately held Castle Exploration.The Denver-based private group will assume control of the Toronto-based junior …
TNK plans drilling
A soil-sampling program by TNK Resources (TNKR-C) has identified 28 potential drill targets on two portions of the Gope diamond prospect in Botswana.De Beers Consolidated Mines (DBRS-Q) holds rights t…
SPOT PRICES (December 28, 1998)
Tuesday December 22, 1998Price (US)Week’s ChangeGold*$288.70- $3.85Silver*$ 4.89…
Red Lake moves step closer to development
A new set of assay results from the Red Lake mine in northern Ontario has upgraded the quality of the reserve estimates for the mine’s High Grade zone and confirmed mineralization in three other areas…
Sutton hits more gold at Bulyanhulu
Sutton Resources (STT-T) has discovered more gold mineralization at its Bulyanhulu deposit, 30 miles south of Lake Victoria in Tanzania.Six widely spaced drill holes identified a mineralized zone 400 …