METAL PRICES — Daily Metal Prices (April 07, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateApr. 1Mar. 31Mar. 28Mar. 27Ma…
News
Nebex puts Albanian project on hold
The civil unrest that has enveloped Albania in recent weeks is taking its toll on foreign firms with investments there, including Nebex Resources (NBX-T), which has put all its operations on hold.The …
World Wide restarts Kazakstani uranium mill
Toronto-based World Wide Minerals (WWS-T) has restarted the TGK uranium processing plant at Stepnogorsk in Kazakstan.The company is currently processing stockpiled uranium ore, from which it expects t…
LATIN AMERICA — Valdez finances exploration program to test Sonoran gold prospects
A $5-million private placement will provide funds for Valdez Gold (VAZ-A) to explore various properties in Mexico, including the Altar Trend project in northwestern Sonora state.This project is immedi…
LATIN AMERICA — Savanna Resources acquires gold claims in eastern Suriname
Trenching and drilling by Savanna Resources (SV-A) are scheduled to start this month at newly acquired claims in eastern Suriname.The company recently acquired exploration rights covering 130,000 ha i…
LATIN AMERICA — Teck buys Adrian shares
Adrian Resources (ADL-T) has raised $1.7 million by selling 500,000 of its shares to senior partner Teck (TEK-T).The major has until Jan. 21, 1998, to complete a bankable feasibility study for Adrian’…
LATIN AMERICA — Lyon Lake drills to boost Beta Vargas — 5,000-metre program under way at Costa Rican project
A drill program is attempting to increase the known resource of 2.9 million tonnes grading 1.33 grams gold per tonne at the Beta Vargas concession in Costa Rica.Lyon Lake Mines (LLL-M) has drilled the…
High grades confirmed at VenCan’s Edwards play — Company and former director to meet in court
Underground sampling by VenCan Gold (VCGMm) has confirmed the grade and continuity of two mineralized zones at its Edwards gold project, near Wawa, Ont.The project is being managed by River Gold Mines…
First Dynasty fails to secure Indonesian mine
Indonesia’s state-owned mining company, Aneka Tambang, has decided to include the Gunung Pongkor gold mine in its initial public offering planned for later this year.As a result of this decision, Anek…
High River sizes up Taparko gold property
Diamond drilling by High River Gold (HRG-T) has extended the strike lengths of two gold zones on the Taparko property in Burkina Faso, West Africa.By spending US$5.9 million on exploration over four y…
LATIN AMERICA — Jordex resumes work in Bolivia — Barrick withdraws from joint venture
Having spent US$1.6 million of the US$2 million required to earn a 60% interest, Barrick Gold (ABX-T) is withdrawing from a joint-venture aimed at exploring 11 properties held by Jordex Resources (JDX…
LATIN AMERICA — Manhattan increases rights at Tambo Grande property
In an agreement reached with LaSource Miniere of France, Manhattan Minerals (MAN-T) will increase its rights to the Tambo Grande massive sulphide project in Peru to 75% from 52.5%.Once a feasibility s…