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…
News
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…
TSE SHORT POSITIONS (May 05, 1997)
Short positions outstanding at April 15, 1997Larger individual positions included: Armada Gold 57,500, up 57,500; Barrick Gold 12,023,018, up 287,782; Agnico-Eagle 273,008, down 137,021; AJ Perron Gol…
Hecla explores for Mexican gold
A first phase of exploration will begin at the Jojoba gold project in northern Mexico.The 1,120-ha property is held by Aquiline Resources (AQI-V), though Hecla Mining (HL-N) has an option to buy a 60%…
PRODUCER PRICES (May 05, 1997)
Aluminium: LME settlements US$1,611 per tonne, alloy $1,480 per tonne (April 29/97).Antimony: Composite free market, US$2,310 per tonne (April 29/97).Bismuth: Composite free market US$3.10 per lb. (Ap…
Drilling tests Bylund prospect
Joint-venture partners Freewest Resources Canada (FWR-T) and Greater Lenora Resources (GEN-T) have drilled three holes on their Bylund gold property, 55 km west of Thunder Bay, Ont.Drill results are: …