GOLD FUNDS (October 13, 1997)
Gold Funds as of October 2, 1997BGRCentralNet Value$18.67$5.94Price$14.45…
News
NEWS IN BRIEF (October 13, 1997)
Osito (OSV-V) has changed its name to Sennen Resources (SN-V).
St Andrew issues 1 million shares
St Andrew Goldfields (SAS-T) is proceeding with a private placement of 1 million flow-through shares priced at $2.65 each.The company will use the proceeds to explore its gold properties near Timmins,…
GEOLOGY 101 — Placer gold deposits, Pt. 2
Although placer gold deposits have yielded less than 10% of Canada’s gold production, their discovery played an important role in attracting settlers to remote areas of the country.For example, the Ca…
Franco, Euro advance Ken Snyder to production
Faced with the real possibility of declining royalty payments from future operations along this state’s Carlin trend, Franco-Nevada Mining (FN-T) and Euro-Nevada Mining (EN-T) have decided to enter th…
African conference set for ’98
A conference showcasing mineral investment opportunities in Africa will be held Feb. 3-5 at the Cape Sun Intercontinental Hotel in Cape Town, South Africa.The conference, entitled “Investing in Africa…
PRODUCER AND DEALER PRICES (October 13, 1997)
Aluminium: LME settlements US$1,646 per tonne(Oct. 7/97).Antimony: Composite free market, US$1,930 per tonne (Oct. 7/97).Bismuth: Composite free market US$3.40 per lb. (Sept. 30/97).Cadmium: Composite…
LME WAREHOUSE LEVELS (October 13, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Oct.6/97 (change from previous week in brackets):MetalStocks (tonnes)Change…
Moneta intersects new zone at Nighthawk
A second phase of drilling by Moneta Porcupine Mines (ME-T) has intersected a new gold zone on the Nighthawk Lake project, near Timmins, Ont.The gold mineralization occurs in quartz veins within alter…
Russia’s Kamchatka state opens ground for copper, gold exploration
The government of the Russian state of Kamchatka has begun accepting tenders for mineral exploration and development rights for two regions believed to be prospective for copper, gold and silver.The t…
FACTS ‘N’ FIGURES — Canadian coal still strong
In 1996, the Canadian coal industry enjoyed record production and exports.Nearly half of the country’s output was exported.Production hit a record 75.8 million tonnes, up 1% from production in 1995.Of…
OBITUARY — Andrew Nick’ Carter
Andrew Carter, a veteran of numerous Canadian mining projects, has died. He was 88.Carter graduated from the University of Toronto in 1934 with a degree in mining engineering. He then joined the Littl…