Spot prices at a glance (March 17, 1997)
Wednesday, March 12, 1997Price (US)Week’s ChangeGold*$353.15- $2.60Silver*$ 5.23…
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TSE Short Positions (March 17, 1997)
Short positions outstanding at March 5, 1997Larger individual positions included: Barrick Gold 11,605,421, up 977,328; Agnico Eagle Mines 247,859; AJ Perron Gold 376,400; Amax Gold 156,670, up 76,600;…
Orvana recalculates Don Mario reserve
New numbers are in from the Don Mario project of Orvana Minerals (ORV-T).By incorporating the results of the 1996 drill program at the Bolivian project, Orvana has increased the reserves in what is te…
PEOPLE — CVL VENTURES
Peter Dunfield appointed director and chief financial officer.
PEOPLE — CHANDELEUR BAY (March 10, 1997)
Lorne March and Ronald Howard appointed directors.
Wheaton River plans summer start for Golden Bear
Toronto-based Wheaton River Minerals (WRM-T) will commence mining this summer at the Golden Bear heap-leach project in northwestern British Columbia.The junior, which holds an 82% interest in mine-own…
LME Warehouse Levels (March 10, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Mar.3/97 (change from previous week in brackets):Aluminium882,450(-18,800)Copper214,800(-5,250)Lead108,025(-450)Nickel45,618…
Niocan exploring niobium prospect
In preparation for a bankable feasibility study, to be completed by May, Montreal-based Niocan (NIO-M) is drilling its namesake niobium property in Quebec.The 384-ha property is in the Oka intrusive c…
EXPLORATION 1997 — Lithos joins with Hebron Fjord Res. to test gold-copper project in Peru
Montreal-based Lithos (LTS-M) has acquired an option on a Peruvian gold-copper property held by Hebron Fjord Resources (HEF-M).The Salaverry-Copara deposit is known to contain a total resource of 1.5 …
EXPLORATION 1997 — Spectrum confirms nickel resource at Ban Phuc property in Vietnam
Drilling on the Ban Phuc nickel project in Vietnam has yielded encouraging results for New Zealand-listed Spectrum Resources.The 1,220-metre program was designed to establish the continuity of a massi…
Countdown to production begins at Lihir
Construction is nearly complete and startup is fast approaching for the Lihir gold mine, on the tiny island of the same name.It will be the largest mine in the world to open in 1997, and when The Nort…
EXPLORATION 1997 — Nord Pacific riding high on Ramu’s nickel-cobalt potential
Investors are finally taking notice of Nord Pacific (NORPY-Q), owing to the Albuquerque, N.M.-based junior’s 35% interest in the large Ramu nickel-cobalt deposit in Papua New Guinea (PNG).The deposit …