PEOPLE – MOLYCOR
David Madill elected director and John Fisher appointed CEO.
News
Drill results boost potential of La Libertad
Exploration drilling by Greenstone Resources (GRE-T) has confirmed mineralization at four gold zones on La Libertad, the company’s wholly owned gold concession in Nicaragua.Drilling in each of the zon…
METAL PRICES — Daily Metal Prices (October 06, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateSept. 30Sept. 29Sept. 26Sept. 25…
SPOT PRICES (October 06, 1997)
Wednesday, October 1, 1997Price (US)Week’s Change.ZSGold*$336.80+ $14.80Silver*$5.
Sutton to speed up Bulyanhulu
A special warrant financing has raised $30.7 million in gross proceeds for Sutton Resources (STT-V).About 2.4 million special warrants at $12.80 each were issued to a number of institutions. Each spec…
Back Lake sample yields more diamonds
Further sampling near the Yuri kimberlite discovery at the Back Lake project in the Northwest Territories has returned five macrodiamonds (measuring greater than 0.55 mm in one dimension) and two micr…
GEOLOGY 101 — Placer gold deposits, Pt. 1
Placer gold deposits form as a result of the breakdown and weathering of existing gold concentrations, erosion of the weathered material and, ultimately, the concentration of that material at a variab…
CAG cuts gold at Novodneprovskoe
Central Asia Goldfields (CGZ-M) has released drill results from three holes collared at its Novodneprovskoe gold property in Kazakstan.Hole 1 intersected 14.8 metres (from 132.6 to 147.4 metres) gradi…
ODDS ‘N’ SODS — The master mechanics
The master mechanics I have known used a wide range of skills in servicing mines, plants, mills, equipment and (occasionally) the community. I had the privilege of working with two such men during the…
Nevada mine wins awards
For the second consecutive year, the Aurora gold mine of Nevada Consolidated Goldfields has been selected as the safest mine in the state by the Nevada Mining Association.The 10-year-old operation, si…
STOCK MARKET — Golds have their day at last — Base metals outpace market; economic news strengthens Canadian dollar
The Toronto Stock Exchange moved little over the report period ended Sept.30, with the broad-market TSE 300 index adding only 26 points in the five trading days to close at 7,040.23. Trading, however,…
GREATEST VALUE TRADED (October 06, 1997)
Exchg Value(000’s)HighLowCloseChangeBarrick GoldT…