GOLD FUNDS (October 27, 1997)
Gold Funds as of October 16, 1997BGRCentralNet Value$18.43$5.91Price$13.60…
News
Mining conference set for Jakarta
A seminar on Indonesian regulatory and financial matters will be held Nov.3-4 in Jakarta.Issues to be discussed include exploration, development and financing.Speakers include Ida Bagus Sudjana, Indon…
Aurogin finds polymetallic breccias
Two breccia pipes containing gold, silver and zinc mineralization have been discovered by Aurogin Resources (AUGX-C) north of Sault Ste. Marie, Ont.According to the junior, its wholly owned Batchawana…
METAL PRICES — Daily Metal Prices (October 27, 1997)
BASE METALS(London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateOct. 21Oct. 20Oct. 17Oct. 16Oc…
Darnley explores on Arctic coast
Newly listed Darnley Bay Resources (DBRL-C) plans to drill-test the Darnley Bay anomaly, on the Arctic coast in the Northwest Territories.The Toronto-based company has completed its initial public off…
Cominco drilling expands zone at Red Dog
Exploration drilling at Cominco’s (CLT-T) Red Dog zinc mine in northern Alaska has expanded a partially defined mineralized zone that was discovered in 1996, immediately north of the Aqqaluk deposit.S…
Teck hits nickel in Labrador — High grades found south of Voisey’s Bay
Teck (TEK-T) has hit a narrow, yet rich, nickel-copper cobalt intersection on a Labrador property shared equally by Donner Resources (DRZ-V) and Northern Abitibi Mining (NAI-A).The property is roughly…
SPOT PRICES (October 27, 1997)
Wednesday, October 21, 1997Price (US)Week’s ChangeGold*$322.70- $2.90Silver*$ 4.97…
Akrokeri begins work on Jeni
Akrokeri-Ashanti Gold Mines (AAGM-C) has begun a trenching program on the Jeni property in Ghana’s Ashanti region.The program, which follows three weeks of site preparation, is designed to investigate…
W Pacific tests zone at Ofi Creek
The first hole drilled by Western Pacific Gold (WPI-A) has returned 297 metres grading 0.35% copper and 0.32 gram gold per tonne, including 100 metres of 0.61% copper and 0.59 gram gold, from the Ofi …
LATIN AMERICA — Peruvian court examines Yanacocha
The Supreme Court of Peru has notified Newmont Gold (NGC-N) and Buenaventura (BVN-N) that it will examine a lower court’s decision concerning ownership rights to the Minera Yanacocha, the largest gold…
LATIN AMERICA — Wheaton buys Bellavista gold project
The Bellavista gold project in Costa Rica has been acquired by Wheaton River Minerals (WRM-T), which now plans to complete a bankable feasibility study by late 1998.Past operators have spent US$15 mil…