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…
News
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…
Western Pinnacle to evaluate gold deposits in eastern Siberia
Moscow-based Western Pinnacle Mining (WPN-V) has signed an agreement to evaluate three gold deposits near Chita in eastern Siberia, Russia.Western Pinnacle will set up a 50-50 joint venture with the R…
Rhonda, Noranda hit lead-zinc at Esker project
Partners Rhonda Mining (RDM-A) and Noranda (NOR-T) have received mixed results from drilling at their Esker base-metal project in the Northwest Territories.Results ranged from 0.08% lead and 0.97% zin…
Astro signs agreement with Caldera
Australian-based Caldera Resources (CDR-M) has dealt an option to earn a 60% interest in its Abminga diamond project, on the northern border of South Australia, to Australian diamond explorer Astro Mi…
Junior explores ground near Savant Lake
Recent surface exploration by Prospectors Alliance (PALL-C) has prompted the company to mobilize a drill rig to a newly staked property in the Savant Lake area of northwestern Ontario.The junior is ex…