METAL PRICES — Daily Metal Prices (August 25, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateAug. 19Aug. 18Aug. 15Aug. 14A…
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PRODUCER AND DEALER PRICES (August 25, 1997)
Aluminium: LME settlements US$1,711 per tonne, alloy $1,475 per tonne (Aug.19/97).Antimony: Composite free market, US$1,890 per tonne (Aug. 18/97).Bismuth: Composite free market US$3.60 per lb. (Aug. …
Resource expands at Damoti Lake
Drilling by Quest International Resources (qix-t) has increased the resource of the Horseshoe gold zone at Damoti Lake in the Northwest Territories.The new resource is estimated at 606,000 tons gradin…
Petro defaults at Blackdome
The deal is off between Petro Plus (PPV.A-A) and the owners of the Blackdome mine project, a former gold producer near Clinton, B.C.Petro Plus defaulted in making two payments totalling $1.4 million a…
LITERATURE REVIEW — NEWS ROUNDUP — Cartaway to drill near Voisey’s Bay
Work by Cartaway Resources (CWA-A) at its Cirque and BR-E projects in Labrador will resume once the company completes a rights offering worth $1.9 million. The properties lie within a 90-km radius of …
Armada cranks out record volume of copper in Mongolia
Armada Gold (AAU.U-T) reports that the jointly held Erdmin solvent extraction-electrowinning (SX-EW) copper plant in Mongolia produced a record 315 tonnes of copper cathode in July.The plant is curren…
LITERATURE REVIEW — NEWS ROUNDUP — Kernow, Tellis hunt for diamonds
Labrador’s Voisey’s Bay region may be known for its nickel-copper-cobalt deposit, but Kernow Resources & Development (KRD-V)and Tellis Gold Mining (TLL-V) are still hunting for diamonds on their Claim…
Gitennes finds new gold zone at Virgen
Drilling by Gitennes Exploration (GIT-A) has identified a new zone of mineralization at its Virgen gold property in north-central Peru.Hole 97-24 intersected four separate gold-bearing zones while tes…
LITERATURE REVIEW — Philex picks up more Philippine ground
Philex Gold (PGI-T) has acquired, through a royalty agreement, a gold property in the historic Bicol gold district of Luzon Island, Philippines.The Balce property consists of 42 claims acquired from l…
Robex turns drills in western Mali
Drilling is under way at the Baroya property in western Mali.Operator Robex Resources (RBX-M) will drill-test several geochemical and geophysical targets, which occur along two linear features: a sout…
LITERATURE REVIEW — Campbell Resources toughs out disappointing quarter
Campbell Resources (CCH-T) reported a loss of $1.8 million (or 1 cents per share) for the three months ended June 30, compared with income of $3.2 million (2 cents per share) in the same period a year…
LITERATURE REVIEW — Storimin seeks Nevada drill permit
Permits are being sought for a 6-hole, 3,000-ft. drill program on the Mountain Boy gold property of Storimin Resources (SMRL-L) in central Nevada.The permitting follows receipt of chip-sampling result…