PEOPLE — INDO PACIFIC
Wayne Golding elected director.
News
Fancamp options nickel prospect on Quebec’s North Shore
Fancamp Resources (FNM-V) has acquired an option on 78 claims around a nickel discovery on Quebec’s North Shore, 90 km north of Baie Comeau.The discovery, tentatively named “B-40,” consists of dissemi…
FACTS ‘N’ FIGURES — Indian silver imports on rise
Silver imports into India totalled more than 100 million oz. in the first eight months of 1997 — a 50% increase over the same period last year, according to Gold Fields Mineral Services. And with fur…
LETTER TO THE EDITOR — Kudos to Geology 101
I really enjoyed the 2-part Geology 101 article on “Paleoplacer gold deposits” (T.N.M., Jan 12-18, 19-26/98) by Prof. Derek Wilton of Memorial University.As a small-time investor with an interest in t…
Accident-free year at Cluff
The Cluff Lake uranium mine in northern Saskatchewan has gone a full year without a lost-time accident, equivalent to more than 650,000 accident-free hours.”This was achieved only through the active i…
Steelworkers disturbed by mine deaths
Three recent mining deaths in Canada have prompted the United Steelworkers union to speak out against unsafe mining practices.Miner Jacques Frenette was killed at Noranda’s Brunswick mine near Bathurs…
DIAMOND PAGE — Rex finds indicators in Mauritania
The most recent batch of soil samples from the Mauritanian diamond exploration properties of Rex Diamond (RXD-T) have shown significant counts of kimberlite indicator mineral.Indicators found include …
Verena strikes emeralds near Paraiso, Brazil
Exploring near the city of Paraiso in Brazil’s Tocantins state, Verena Minerals (VMCO-C) has found an emerald-bearing structure of possible commercial significance.Some of the rough emeralds bought fr…
LME WHSE LEVELS (February 23, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Feb.17/98 (change from Feb. 10 in brackets):MetalStock(tonnes)Change…
Silver Standard raises funds
Silver Standard Resources (SSO-V) has arranged a $3.35-million private placement consisting of 610,000 special warrants at $5.50 each. Each special warrant is exchangeable, without further payment, in…
SPOT PRICES (February 23, 1998)
Wednesday, February 18, 1998Price(US)Week’s ChangeGold*$297.80$1.15Silver*$ 6.72…
Western Copper gets financing
Canaccord Capital has arranged a $5-million financing for Western Copper Holdings (WTC-T), comprising 555,556 special warrants at $9 each.Each special warrant is exercisable for one share and one half…