Producer and Dealer Prices (July 07, 1997)
Aluminium: LME settlements US$1,575 per tonne, alloy $1,416 per tonne (July 1/97).Antimony: Composite free market, US$2,050 per tonne (July 1/97).Bismuth: Composite free market US$3.90 per lb. (June 2…
News
Prime to explore Kenrich’s Corey claims
The success of the Eskay Creek gold-silver mine, north of Stewart, B.C., has prompted operator Prime Resources Group (PRU-T) to option a nearby property considered to have potential to host similar de…
Etruscan reports new discovery at Tiawa
Etruscan Enterprises (EET-T) has discovered a new source of gold mineralization on the Tiawa concession in Niger, West Africa.The junior discovered the Boulon Djounga West zone while trenching a coinc…
Results add lustre to BHP gold project
Four gold prospects in the Hope Bay volcanic belt of the Northwest Territories could amount to “a potentially minable resource” for Australian major Broken Hill Proprietary (BHP-N).BHP made the announ…
COMMENTARY — Reserve and resource estimation, Part 1
In the wake of the Bre-X Minerals affair (as well as similar events in the past), it is more important than ever that investors ask certain questions of mining promoters and companies.Two of the main …
Companies reach deal in PNG
Australian-based Carpenter Pacific Resources has agreed to transfer to Mt.Kare Gold Resources a 10% free-Carried interest (to mine feasibility) in the Mt. Kare property, which is situated near the Por…
Coal, copper operations win B.C. safety awards
Two coal mines and a base metal operation won prizes in three separate categories at a provincial mine rescue and first-Aid competition held in Prince George, B.C.Winners include the Tumbler Ridge min…
Madsen pours Red Lake gold
By August, Madsen Gold (MGF-T) expects to have achieved full commercial production of 500 tons per day at its namesake gold mine in the Red Lake district of northwestern Ontario.The junior says it is …
DIAMOND NEWS ROUNDUP — Archon signs deal for NCC property in NWT
A prospecting agreement with NCC Mining (NC-V) allows Archon Minerals (ACS-V) to earn a half interest in NCC’s DC property, 350 km northeast of Yellowknife, N.W.T.Airborne targets defined by Archon’s …
White Knight boosts holdings in northern Nevada
Vancouver-based White Knight Resources (WKR-V) has acquired a property consisting of 76 claim blocks near Elko, Nev.The company paid a private vendor US$25,000 for the property, which is part of its L…
DIAMOND NEWS ROUNDUP — Gem River to resume mining, expand color enhancement lab
Gem River (GR-A) has resumed mining of sapphires at the Lower Dry Cottonwood property in Montana.The company is anticipating mined production of approximately 1.5 million rough carats of sapphire this…
DIAMOND NEWS ROUNDUP — Private placement by DiamondWorks scheduled
Management of DiamondWorks (DMW-T) plans to spend the proceeds of a proposed $20-Million private placement to advance its diamond and mineral properties worldwide.The placement will be in the form of …