METAL PRICES — Daily Metal Prices (December 15, 1997)
BASE METALS (London Metal Exchange-Midday bid/ask prices in US$ per tonne)DateDec.9Dec.8Dec.5Dec.4Dec.3…
News
CanAlaska grabs ground in Timmins
International CanAlaska Resources (ICA-V) has acquired mineral claims from Royal Oak Mines (RYO-T) near Timmins, Ont.The 36 claims are in Timmins Twp., about 10 km southeast of Cross Lake Minerals’ po…
Pioneer explores Riou Lake
Results from a reconnaissance geochemistry program have induced Pioneer Metals (PSM-T) to stake 10,000 ha contiguous to its Riou Lake uranium property in the Athabasca Basin of northern Saskatchewan.T…
BHP keeps 70% stake in Argentine project — Northern Orion wowed by prefeasibility study for Agua Rica deposit
BHP Copper has rejected an offer by Northern Orion Explorations (NNO-T) to buy an additional 40% interest in the Agua Rica project in northwestern Argentina.The offer, details of which were unavailabl…
Miramar writes down Con mine
Sustained low gold prices have forced Miramar Mining (MAE-T) to write down the carrying value of several mineral properties, including the Con gold mine in the Northwest Territories, to the tune of $1…
NON-FERROUSAugust 1997August 1996
Refined copper41,662 tonnes47,558 tonnesPrimary copper53,174 tonnes58,507 tonnesRefined nickel11,573 tonnes9,143 tonnesPrimary nickel16,161 tonnes13,828 tonnesGold15.6 million grams14.4 mil…
Antares boosts resources
Operator Antares Mining and Exploration (ANZ-T) has revised resource estimates for two zones on its Ojolali gold property in Sumatra, Indonesia.Resources at the South Tambang zone now stand at 3.89 mi…
Francisco aims drills at Sauzal property
Junior Francisco Gold (FGX-V) has set up two diamond drill rigs at its Sauzal gold project in the northern Mexican state of Chihuahua.The $2-million program is expected to consist of 20 holes. During …
Gold, some base metal output up in September
Canadian production of gold, nickel, refined zinc and iron ore rose between September 1996 and September 1997. However, output of copper, asbestos, lead, and silver dropped over the same period.The st…
Samex completes financing
Proceeds of a $1-million private placement will be used by Samex Mining (sxg-v) to continue exploration and drilling on the Santa Isabel project in Bolivia.The company recently closed a 2-million spec…
Gabriel expands resource at Romanian gold project
The Rosia Montana gold-silver project in Romania is shaping up as one of Europe’s biggest.Operator Gabriel Resources (GBU-T) reports that an independent estimate on Rosia Montana pegged inferred miner…
Fairmile expands Buffalo Valley resource — Echo Bay monitoring drill program at Nevada property
Fairmile Gold (FLA-A) has reported encouraging results from a reconnaissance drilling program at its Buffalo Valley gold project in Nevada’s Battle Mountain trend.Reconnaissance drilling expanded, fro…