LME WAREHOUSE LEVELS (July 28, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at July 21/97 (change from previous week in brackets):Aluminium646925(-13125)Copper195950(+52650)Lead118000(+700)Nickel54078(+…
News
GOLD FUNDS (July 28, 1997)
Gold Funds as of July 17, 1997BGRCentralNet Value$18.06$5.36Price$13.70$5…
Correction (July 28, 1997)
Projected production at the Illinois Creek mine in west-Central Alaska was incorrectly stated in our issue of July 14. The mine is expected to yield 65,000 oz. gold-equivalent annually.For the current…
Meridian makes headway at El Penon
Results from an ongoing prefeasibility study at the Chilean gold property known as El Penon will be used by Meridian Gold (MNG-T) to make a production decision by year-end.The Nevada-based company is …
PEOPLE — LEH VENTURES (July 28, 1997)
Gerard Dennehy appointed director.
GEOLOGY 101 — Quartz-Carbonate vein gold deposits, Part 1
Quartz-Carbonate vein gold deposits (also known as mesothermal lode deposits) form along, and are localized to, major regional fault and fracture systems, but are actually located in secondary or tert…
Coup frustrates Nord Resources
Despite political unrest in Sierra Leone, international development banks have granted Nord Resources (NRD-N) a reprieve on debt forbearance for the Sierra Rutile operation.The unrest forced the opera…
Russian gold, gems focus of conference
The gold and diamond industry of Russia and the Central Asian republics will be the focus of a conference scheduled for Nov. 20-21 in London, England.Hosted by the London-based Adam Smith Institute, t…
Smelter slated for Mozambique
Montreal-based SNC Lavalin and South Africa-based Engineering Management Services will join forces to build a US$1-billion aluminum smelter in Maputo, the capital of Mozambique.Construction of the sme…
Northwest Mining Association conference set for winter
The Northwest Mining Association (NWMA) will hold its annual meeting Dec.1-5 at the Doubletree Hotel in Spokane, Wash.Entitled “Success and Innovation in Mining and Exploration,” the conference will e…
Sinclair not a Sutton insider
A recent “Insider Trading” column (“Sutton insiders find spring a good time to sell,” T.N.M., July 14/97) had a catchy headline, but was factually incorrect.The article stated that James Sinclair was …
DIAMOND PAGE — Canarc cuts gold values in B.C.
Junior Canarc Resource (CCM-T) has intersected gold during an underground drill program at its New Polaris property in northwestern British Columbia.Canarc’s best hole, 44, returned 112.2 ft. (from 81…