THE NORTHERN MINER (November 30, 1998)
SMALL PRODUCERS INDEX95.54 (-4.59)…
News
EXPLORATION — Robex evaluates new Diangount target
Further work is under way at the Diangount property in western Mali as operator Robex Resources (RBX-M) begins to assess an ultramafic intrusion in the northern part of the property.Robex, which is e…
EXPLORATION — Mexican potential lures Aurado Exploration, Cominco
Partners Aurado Exploration (AEO-T) and Cominco (CLT-V) have identified base metal anomalies on their 8-property, 21,542-ha project in Zacatecas and Potosi states, Mexico.The find was interpreted from…
EXPLORATION — Exploration heats up in northwestern Argentina — South America’s El Indio gold belt continues to attract Canadian juniors
Drill results from the Veladero property of Argentina Gold (ARP-T) have caught the eye of mining markets, even though numerous juniors have been working in the region for some time.Of particular inter…
EXPLORATION — Corner Bay launches drill program at Mexican prospect
Corner Bay Minerals (BAY-T) has launched a second drill program at the Alamo Dorado gold-silver property in Mexico’s Sonora state.A first round of 10 reverse-circulation holes revealed a showing of co…
LME WHSE LEVELS (November 30, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Nov. 24/98 (change from Nov. 17 in brackets):MetalStocks (tonnes)Change…
EXPLORATION – NEWS ROUNDUP — Triex options Tenajon’s Pardo
Vancouver-based Triex Resources (TIE-V) is about to begin line-cutting, sampling and geophysical work at its newly optioned Pardo gold property 60 km northeast of Sudbury, Ont.The junior recently sign…
EXPLORATION — Hebron starts drilling in Peru
Having completed a $700,000 financing, Hebron Fjord Resources (HEF-M) is using a portion of the proceeds to drill-test its Torrecillas property in Peru.The first phase of drilling will consist of 1,00…
GOLD FUNDS (November 30, 1998)
Gold Funds as of November 19, 1998BGRCentralNet Value$14.516.09Price$10.00…
EXPLORATION — American gold producers investing less at home: survey
In 1997, for the first time in three years, worldwide exploration expenditures of U.S. gold producers decreased, down 9% to US$582 million, according to a survey conducted by the Washington, D.C.-base…
MINING MARKETS & INVESTMENT NEWS – EASTERN MARKETS — Dow Jones breaks through 9,000 ceiling
Spurred by the third cut to interest rates this year, the Dow Jones industrial average surged during the Nov. 18-24 report period to an all-time high of 9,301.15 points. The average peaked at 9,374.27…
PRODUCER & DEALER PRICES (November 30, 1998)
Aluminium: LME settlements US$1,281, alloy US$1,072 per tonne (Nov. 24/98).Antimony: Representative mid-market US$1,295 per tonne (Nov. 24/98).Bismuth: Representative mid-market US$3.20 per lb. (Nov. …