EDITORIAL PAGE — PDAC takes the world stage
In early March, the Prospectors & Developers Association of Canada (PDAC) hosted what has become the foremost mining conference and exhibition in the world.This is no small accomplishment for an organ…
News
STOCK MARKETS — VSE feeds off Indonesian plays
The Vancouver Stock Exchange composite index was down slightly over the report period ended March 18, losing 21.48 points to close at 1,325.7. The resource index was off 54.5 points to finish at 2,463…
METAL PRICES — FREE MARKET (March 24, 1997)
London Metal ExchangeMidday bid-ask prices in $US per tonneDateMar. 18Mar. 17Mar. 14Mar. 13Mar. 12…
Reserves triple at Limon gold mine
Idaho-based Fischer-Watt Gold (FWGO-O) has tripled proven and probable reserves at its Limon gold mine in northwestern Colombia.The figure now stands at 99,400 tonnes grading 16 grams gold per tonne, …
Alberta Stock Exchange files notice of hearing against Naxos
The Alberta Stock Exchange (ASE) has filed a notice of hearing against Naxos Resources and its president, Jimmy John.Trading in the company’s shares has been halted since May 1996.The notice alleges v…
THE DIAMOND PAGE — Mountain Lake Resources set to drill concessions in South Africa
Drilling is under way at the Hartbeestlaagte 146 (H-146) and Zwartrand 145 (Z-145) diamond concessions in the Northwest Tansvaal province of South Africa.The concessions, which comprise 83 sq. km, are…
THE DIAMOND PAGE — Ore reserve estimates released — Quarter century of mining estimated for NWT Diamonds operation
The feasibility study for the NWT Diamonds project, near Lac de Gras in the Northwest Territories, proposes the development of five kimberlite pipes over 17 years. However, given the discovery of addi…
GREATEST VALUE TRADED, Mar. 5-11
ExchgValue($000s)HighLowCloseChangeBarrick GoldT1…
Odds ‘n’ sods — Cobalt’s canine mascot
By 1909, the northeastern Ontario town of Cobalt boasted a rag-tag downtown consisting of tailors, dressmakers, haberdashers and ice cream makers. The merchants, like the miners themselves, came from …
PRODUCER PRICES (March 17, 1997)
ALUMINIUM: LME settlements US$1,646 per tonne, alloy $1,528 per tonne (Mar. 12/97).ANTIMONY: Composite free market, US$2,235 per tonne (Mar. 11/97).BISMUTH: Composite free market US$3.15 per lb. (Mar….
Odin drill-tests gold properties in Ecuador
Odin Mining & Exploration (ODN-V) has received promising assays from the first three holes drilled at its Marcia gold property in southwestern Ecuador.Hole 2 intersected 29.92 metres from surface, gra…
LME Warehouse Levels (March 17, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Mar.10/97 (change from previous week in brackets):Aluminium877,675(-4,775)Copper205,525(-9,275)Lead109,075(+1,050)Nickel45,8…