GOLD FUNDS (May 05, 1997)
Gold Funds as of April 24, 1997BGRCentralNet Value$20.93$5.89Price$15.70$…
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LME WAREHOUSE LEVELS (May 05, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at April 28/97 (change from previous week in brackets):Aluminium802,100(-16,200)Copper141,075(-9,050)Lead114,500(+1,650)Nickel5…
St Andrew increases width of West Porphyry
Infill and stepout drilling by St Andrew Goldfields (SAS-T) continues to add potential to the West Porphyry zone on the Taylor property, near Matheson, Ont.In the latest round, St Andrew drilled two i…
Inco plans Voisey’s start-up for late 1999
Michael Sopko, chairman of Inco (N-T), told shareholders at the recent annual meeting that the Voisey’s Bay nickel-copper-cobalt project in Labrador is turning out to be “all we had expected . . . and…
Rio Algom aims for top producer status
Lower copper prices over the past year may have contributed to a sluggish year for Rio Algom (ROM-T), but Chairman Gordon Gray is confident the company will eventually become Canada’s premier copper p…
LETTER TO THE EDITOR — An easily detectable discrepancy in Indonesia
I have followed with great interest The Northern Miner’s reports of the problems facing Bre-X Minerals over the assay results of samples from the Busang property in Indonesia.It is apparent that initi…
DIAMOND PAGE — Lytton, New Indigo process Jericho sample
About a third of a 15,000-tonne underground bulk sample of the land-based JD/OD-1 pipe at the Jericho project in the Northwest Territories has been processed.Partners Lytton Minerals (LTL-T) and New I…
SPOT PRICES (May 05, 1997)
Wednesday, April 30, 1997Price (US)Week’s ChangeGold*$340.45- $0.25Silver*$ 4.66…
MacDonald begins drill-testing new zone
A diamond drill program by MacDonald Mines Exploration (MMP.A-A) has started testing the recently discovered Zona Campo Santos showing on the Golden Hill property in Cuba.The prospect lies 1 km northw…
MOST ACTIVE ISSUES, April 23-29
ExchgVol(000s)CloseeBre-X MnrlsT518783.80Pure Gld ResT…
DIAMOND PAGE — Diamonds uncovered in Alberta kimberlites
Kimberlite bodies discovered in the Buffalo Hills area of north-central Alberta have proved to be diamondiferous.Ashton Mining of Canada (ACA-T) has pulled diamonds from the first three kimberlites te…
STOCK MARKETS — Toronto composite index climbs despite dismal week for golds — Base metals suffer as juniors regain lost ground; Loony down against greenback
Riding on the back of the transportation and environmental sub-group, the Toronto Stock Exchange 300 composite index rose for a second consecutive week to close the report period ended April 29 at 5,9…