Atapa raises funds for Indonesian drilling
Junior Atapa Minerals (ATAp-C) has raised sufficient funds to continue drilling on its Cikotok and Cikidang gold properties in West Java, Indonesia.The recently closed $3.1-million private placement c…
News
Partners extend copper zones at Lew
Drilling by partners Thunderwood Resources (THS-T) and Consolidated Abitibi Resources (CAQ-M) has intersected high-grade copper mineralization on the Lew volcanogenic massive sulphide property, 20 km …
Lyon Lake Mines launches Beta Vargas
Soon to join the ranks of gold producers, Lyon Lake Mines (LLL-M) reports that its wholly owned Beta Vargas open-pit gold mine in Costa Rica is operational.Thirty thousand tonnes of ore are being plac…
Mill problems beset Harker-Holloway mines
A mechanical failure in the grinding circuit at the Holt-McDermott mill, east of Matheson, Ont., is affecting both producing mines in the Harker-Holloway gold camp.Repairs are under way at the mill, w…
Dakota reorganizes Illinois Creek payments
The Illinois Creek gold mine, in west-central Alaska, was in trouble.Production was almost at a standstill because there was no water for the heap-leach pad. The contract miners had not been paid, and…
EDITORIAL — New uses for the precious metal — Gold rebounds
How long it will last, no one knows. But the recent upsurge in gold prices is the best news the mining and investment sectors have had for some time.And good news has been in short supply ever since t…
Driller buys subsidiary — Boart also cited for safety record
North Bay, Ont.-based diamond driller Boart Longyear has acquired a 74% interest in Geoserv Pesquisas Geologicas, a drilling company based in Rio de Janeiro, Brazil.The new company, called Boart Longy…
Uzbekistani government woos foreign gold explorers
The government of Uzbekistan anticipates annual gold production will rise to 126 tonnes by 2005 from the current rate of 80 tonnes.The government says this increase could be realized from 27 known dep…
LME WAREHOUSE LEVELS (October 06, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Sept.29/97 (change from previous week in brackets):MetalStock(tonnes)Change…
TSE SHORT POSITIONS (October 06, 1997)
Short positions outstanding at September 15, 1997.Larger individual positions include: Abitibi-Consolidated 1,304,333, up 519,350; Antares Mining & Exploration 111,500, up 109,000;Ashton Mining of Can…
Western markets take off as mining index follows — Voisey’s results boost Donner, NDT; Cartaway less fortunate
The Vancouver Stock exchange composite index closed at 826.85 for a gain of 25.35 points or 3.16% over the report period ended Sept 30. The mining index closed at 744.14 — up 37.02 points, or 5.25%.T…
PRODUCER & DEALER PRICES (October 06, 1997)
Aluminium: LME settlements US$1,633 per tonne, alloy $1,430 per tonne (Sept. 30/97).Antimony: Composite free market, US$1,915 per tonne (Sept. 30/97).Bismuth: Composite free market US$3.40 per lb. (Se…