News
DIAMOND PAGE — Nora closes two private placements
Montreal-based Nora Exploration (NXI-M) has completed two private placements totalling $960,000 in order to fund a deep-sea program of diamond exploration.The first private placement is in two parts: …
DIAMOND PAGE — Partners pull plug on Mbala mine
Partners United Reef (URP-T) and Trans Hex International (THI-T) have decided to permanently close their Mbala diamond mine in the Central African Republic.The mine has been on care and maintenance si…
GOLD FUNDS (March 23, 1998)
Gold Funds as of March 12, 1998BGRCentralNet Value$15.36$6.18Price$11.95$…
Meetings (March 23, 1998)
Mar. 25, ArloMar. 25, Geo PiajaMar. 25, GoldtexMar. 25, Pamlico GoldMar. 25, Redell MiningMar. 25, Walking BearMar. 25, Winslow GoldMar 26, AurizonMar. 26, Bard Silver & GoldMar. 26, DMR ResourcesMar….
SPOT PRICES (March 23, 1998)
Wednesday, March 18, 1998Price (US)Week’s ChangeGold*$289.10- $6.15Silver*$ 5.80…
OGS improves mineral potential of northern Ontario
Discoveries made by Ontario Geological Survey (OGS) geologists have boosted the mineral potential of the Kapuskasing and Marathon areas.A soil sampling project being completed by OGS staff in the Kapu…
PRODUCER AND DEALER PRICES (March 23, 1998)
Aluminium: LME settlements US$1,450, alloy US$1,297 per tonne (Mar. 17/98).Antimony: Representative mid-market US$1,600 per tonne (Mar. 17/98).Bismuth: Representative mid-market US$3.85 per lb. (Mar. …
STOCK MARKETS — Majors suffer through another week of low metal prices — Caledonia leads the junior pack with Canadian and African projects
The Toronto Stock Exchange 300 composite index ended the report period of Mar. 11-17 at 7,440.37 points, up 144.37, or 2%. The index hit yet another record high of 7,468.76 points during the week.The …
Lucero drilling on Seal Lake
The drilling of potential kimberlite targets is under way on the 65,000-ha Seal Lake prospect in the Buffalo Hills area of Alberta.Lucero Resource (LCR-V) holds an option to earn a half-interest in th…
LME WAREHOUSE LEVELS (March 23, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Mar.17/98 (change from Mar. 10 in brackets):MetalStock(tonnes)Change…
Lower gold price shrinks Pegasus reserves
A recalculation of proven and probable reserves in light of lower gold prices dramatically reduced the ounces of the yellow metal attributed to Pegasus Gold (PGU-M).Excluding the contribution from the…