CORRECTION (January 19, 1998)
A recent drill hole returned 11.33% lead and 7.7% zinc over 6.43 metres at the Esker project in the Northwest Territories, reports Rhonda Mining (rdm-a). Incorrect information appeared in our issue of…
News
MOST ACTIVE ISSUES, Jan. 7-13
ExchgVol(000s)CloseWestmin ResT77035.40Barrick GoldT…
Guyana hits more gold at Peters mine
Two recent holes drilled by Guyana Goldfields (GGFI-C) have intersected gold at the Peters mine property, a former producer situated in Guyana.From surface, hole 18 returned 122 metres grading 1.41 gr…
STOCK MARKETS — Golds suffer least in sliding market — Asian demand concerns sink base metal issues
The Toronto Stock Exchange composite index fell back 326.67 points during the period Jan. 7-13, closing at 6,329.59. The decline, which included a whopping 220-point drop on Jan. 9, was blamed on furt…
TSE SHORT POSITIONS (January 19, 1998)
Short positions outstanding at December 31, 1997Larger individual positions include:Abitibi-Cons 135,553, down 606,285; Aurado Exploration 204,500, up 190,000; Barrick Gold 10,455,660, down 834,852; B…
LME WAREHOUSE LEVELS (January 19, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Jan.13/98 (change from Jan. 6 in brackets):MetalStocks(tonnes)Change…
COMMENTARY — Frustrating year for BC miners
.BGary LivingstoneFrom a mining perspective, the year past in British Columbia can be best described as “disappointing.” Although 1997 began with strong metals prices and the opening of two new mines,…
SPOT PRICES (January 19, 1998)
Wednesday, January 14, 1998Price (US)Week’s ChangeGold*$285.90+ $3.80Silver*$ 5.70…
Teuton and Minvita acquire Mexican ground
Sister companies Teuton Resources (TUO-V) and Minvita Enterprises (MVE-V) have staked concessions covering 119,000 ha in Mexico’s Zacatecas state.The staking was prompted by the recent massive sulphid…
Millstream cuts copper and zinc
Toronto-based junior Millstream Mines (MLSM-C) has intersected several copper-zinc sulphide zones 100 metres below the lowest producing level at its Potter property in Munro Twp., 80 km east of Timmin…
Mindoro eyes Myanmar
Junior Mindoro Resources (MIO-A) is carrying out grassroots exploration on its Concession 11 project in Myanmar.The Calgary-based junior recently initiated a program of geochemical sampling and geolog…
Prospex adds to African portfolio
Prospex Mining (PRM-V) had added a smattering of early-stage exploration projects to its growing West African portfolio.With the addition of the four new properties — Nimini West, Samalofila, Kindia …