PRODUCER AND DEALER PRICES (March 09, 1998)
Aluminium: LME settlements US$1,459.5, alloy US$1,281 per tonne (Mar.3/98).Antimony: Representative mid-market US$1,550 per tonne (Mar. 3/98).Bismuth: Representative mid-market US$3.65 per lb. (Mar. 3…
News
LME WAREHOUSE LEVELS (March 09, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Mar.3/98 (change from Feb. 23 in brackets):MetalStock(tonnes)Change…
Test results bode well for GeoNova
Metallurgical tests of a 60-kg sample taken from the Discovery deposit of GeoNova Explorations (GNE-M) indicate that potential gold recovery there could reach 97%.The best method of gold extraction, a…
EXPLORATION 1998 – NEWS ROUNDUP — Camnor eyes prospect in Golden State
An agreement with a private company allows Vancouver-based Camnor Resources (CMB-V) to acquire 100% of the Golden Star property in northern California.To do so, the junior must pay the vendors US$442,…
TORONTO STOCK EXCHANGE INDICES (March 09, 1998)
1998Mar. 3Mar. 2Feb. 27Feb. 26Feb. 25HighLowCompo…
CORRECTION — Correction
In our Feb. 16 report on the proposed merger of Black Hawk Mining (BHK-T) and Triton Mining (TTM-T), we reported the proven and probable reserves of the latter’s Manantial Espejo project in Argentina …
Rio Tinto plans drilling on ground in Argentina
London-based Rio Tinto (RTP-N) plans to begin drilling the El Acay porphyry project in Salta province, Argentina, by early May.The program will consist of 2,000 metres of reverse circulation drilling …
Centaur sees low-cost production at Cawse — Aussie miner secures buyers for cobalt concentrate
Lower nickel-cobalt ratios from test mining at the Cawse laterite project in Western Australia have enabled Centaur Mining & Exploration (CNXTY-O)to lower its estimated cash costs, making Cawse potent…
Normabec gives thumbs-up to Argentina
Montreal-based Normabec Mining Resources (NMB-M) is gearing up for exploration at its Mina Eureka gold-copper property in Argentina following the completion of a favorable preliminary evaluation by an…
BLM issues EIS for Olinghouse
The U.S. Bureau of Land Management (BLM)has issued the final environmental impact statement for the Olinghouse gold project near Reno, Nev.Now that the BLM has approved its plan of operations, Alta Go…
Court date set in lawsuit
A trial date has been set in an 11-year-old lawsuit launched by Scintilore Exploration (SLP-T) against prospectors John Larche and Donald McKinnon over proceeds from the sale of properties in the Heml…
EXPLORATION 1998 — Primero drills in Alberta
Drilling is underway on the 101,000-ha Peace River prospect in north-central Alberta.Primero Industries (PMI-V) holds an option to earn a half-interest in the project from New Claymore Resources (NCS-…