Wolverine adds to Lynx zone
Drilling on the Lynx zone at the Wolverine project in the Yukon has extended the zone 50 metres updip, to the south over a 200-Metre-long area.The thick, high-grade core of the Lynx zone thins updip t…
News
DIAMOND PAGE — DIAMOND NEWS ROUNDUP — Poplar eyes Irish diamonds
While Ireland is not widely known as being prospective for diamonds, the British Geological Society’s 1995 publication, The Potential for Diamonds in Britain, suggests that the pursuit of gems of the …
DIAMOND PAGE — DIAMOND NEWS ROUNDUP — United Reef commissions plant
The commissioning of a 30-Tonne-per-hour diamond recovery plant is proceeding on schedule at the Bamingui River property in the Central African Republic, reports operator United Reef (URP-T).The joint…
Metal Prices — Daily Metal Prices (June 23, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateJune 17June 16June 13June 12J…
Taurus uncovers Panamanian porphyry
Seven of nine holes drilled at the Ipeti concession in Panama have intersected low grades of gold and copper mineralization.International Taurus Resources (ITS-V) says the results indicate the presenc…
Newmex plans merger with Santa Cruz
Subject to shareholder and other approvals, Santa Cruz Gold (SCG-T) and Newmex Mining (MEX-T) will amalgamate to form a new company to carry on business as Santa Cruz Gold.The proposed transaction cal…
Toronto Stock Exchange Indices (June 23, 1997)
1997June 17June 16June 13June 12June 11HighLowCom…
SPOT PRICES (June 23, 1997)
Wednesday, June 18, 1997Price (US)Week’s ChangeGold*$342.05+ $1.65Silver*$ 4.80…
Nu-Lite reworks private placement
Slow markets have caused Nu-Lite Industries (NLE-V) to re-price a private placement.Unable to complete a 2.2-Million unit private placement at $3 each, the junior has arranged with investors to repric…
BASE METALS — Exploration heats up in Northwest Territories
Results from a third phase of drilling on the Bowl Zone prospect near Mazenod Lake, about 160 km northwest of Yellowknife, N.W.T., indicate that mineralization continues to the east.Owner Fortune Mine…
STOCK MARKETS — Broad market rises as golds and base metals tumble — Platinum falls back to earth as Noril’sk threat is abated
The bulls were riding high, as the Toronto Stock Exchange 300 composite index rose 59.30 points to close the report period ended June 17 at 6,532.34.On June 13 the index hit 6,550.61 points, yet anoth…
PNG mines hurt by prolonged drought
Drought in the highlands of Papua New Guinea (PNG) is hampering mine operations there.At the Porgera gold mine, 50% owned by Placer Dome (PDG-N), mill operations were suspended June 1 owing to low wat…