Arian boosts Julietta stake
The slump in gold prices is not curtailing the efforts of Arian Resources (ARA.U-T) to arrange production financing for the Julietta gold-silver project in the Madagan region of the Russian Far East.H…
News
Cross Lake pulls more copper, zinc values
New drill results from the Sheraton-Timmins project of Cross Lake Minerals (CRN-V) in northeastern Ontario’s Sheraton Twp., indicate a wide package of mineralized zones along a strike length of about …
Jordex shifts from nickel
Weak nickel markets have prompted Jordex Resources (JDX-T) to cease funding its minority stake in the Loma de Niquel nickel project in Venezeula.The company says increases in capital costs and financi…
Homestake set to acquire Plutonic
T’is the season for bargains, thanks to low gold prices, and Homestake Mining (HM-N) has been out doing some last-minute Christmas shopping in Australia. The company has announced that it intends to a…
Platexco hits PGM at Winnaarshoek
A drill program by Platexco (PGMI-C) at its Winnaarshoek property in South Africa’s Bushveld complex has returned numerous intercepts bearing platinum group metals (PGM).The 9-hole program was underta…
Teck and Western Copper hit more sulphides in Mexico
Drilling on the San Nicolas volcanogenic massive sulphide discovery in central Mexico has wound down for the Christmas holidays.The project is part of the El Salvador joint venture situated in Zacatec…
Small investors go for the gold
Demand for gold bars and bullion coins among private investors has increased sharply in light of low gold prices, according to a report by CPM Group of New York, N.Y.Investors in gold were most active…
SPOT PRICES (December 29, 1997)
Monday, December 22, 1997Price (US)Week’s ChangeGold*$290.45+ $4.35Silver*$ 6.06…
PRODUCER AND DEALER PRICES (December 29, 1997)
Aluminium: LME settlements US$1,518, alloy US$1,390 per tonne (Dec. 22/97).Antimony: Representative mid-market US$1,550 per tonne (Dec. 22/97).Bismuth: Representative mid-market US$3.30 per lb. (Dec. …
METAL PRICES – Daily Metal Prices (December 29, 1997)
BASE METALS (London Metal Exchange-Midday bid/ask prices in US$ per tonne)DateDec.22Dec.19Dec.18Dec.17…
DIAMOND PAGE — SouthernEra bags more diamonds at Luo
The Luo alluvial diamond project continues to pump out diamonds for its owners.SouthernEra Resources (SUF-T) reports that 3,385.5 carats of diamonds were recovered at the northeastern Angola project b…
Norcal and Gold Giant identify targets
Partners Norcal Resources (NLR-V) and Gold Giant Minerals (GNR-V) have identified 15 geophysically derived drill targets at theirNorgiant project in northwestern Quebec.Operator Norcal says that 11 of…