LME WHSE LEVELS (October 27, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Oct.20/97 (change from previous week in brackets):MetalStock(tonnes)Change…
News
Zapote sized up at Guadalupe project
A prefeasibility study is evaluating a potential30,000-to-40,000-oz.-per-year gold producer at the Guadalupe de Los Reyes project in western Mexico.Having identified four epithermal gold-silver vein-b…
LATIN AMERICA — Meridian advances El Pen project
Meridian Gold (MNG-T) has completed an underground exploration program at the Chilean gold-silver project known as El Pen, 160 km southeast of Antofagasta.From a decline, the company confirmed the con…
Diadem Resources explores for gold deposits in Nicaragua
Toronto-based Diadem Resources (DIR-M) has released a resource calculation for La Mestiza, its gold property in Nicaragua.The company’s consulting engineer has calculated proven and probable reserves …
LATIN AMERICA — Geomaque intensifies drilling in NW Honduras — Reserve calculation for Vueltas del Ro gold property anticipated in coming months
Delineation drilling by Geomaque Explorations (GEO-T) at its Honduran gold property has returned sufficiently encouraging values to warrant follow-up work.No sooner had the company wrapped up its dril…
LATIN AMERICA — Gold Standard strikes shear zone in SW Brazil
Utah-based Gold Standard (GSTD-Q) has discovered a mile-long gold-bearing structure in the Cachimbo gold district of Mato Grosso state in southwestern Brazil.Company geologists located the structure o…
LATIN AMERICA — Raudin examines Venezuelan gold project
Two studies have been completed for the San-Luis-Hansa gold concession in Venezula, reports Raudin Exploration (RAU-M).The Montreal-based junior retained Geomex to calculate a mineral resource for the…
LATIN AMERICA — Balaclava outlines work programs for Peruvian properties
Balaclava Mines (BIL-V) has assembled an impressive portfolio of gold projects in northern and southern Peru.The company has set its sights on the Huilacollo, Esther, Yanama and Almanecer targets in t…
LATIN AMERICA — Plata-Peru works Pachapaqui property
Plata-Peru Resources (PPU-A), which was formed by the recent merger of Socana Exploration and two private companies, is endeavoring to develop and operate a small base metal mine in Peru.The Pachapaqu…
LATIN AMERICA — Ballad assumes reins of TVX’s Peruvian subsidiary — Vancouver junior launches first phase of exploration
Peruvian gold explorer Ballad Enterprises (BDC-V) has acquired TVX Minera del Peru, a unit of TVX Gold (TVX-T).TVX Peru holds a 100% interest in each of 35 property areas, totalling 31,100 ha througho…
LATIN AMERICA — Manor explores in Panama
A field exploration program by American Manor (ANO-A) has identified four areas of gold mineralization on the Santa Rita concession in Panama.The program consisted of mapping and sampling, geochemical…
LATIN AMERICA — Phelps Dodge bids adis to Peruvian play
Phoenix, Ariz.-based Phelps Dodge (PD-N) has pulled out of the Cerro Lindo copper-zinc project in Peru.The company gave no reason for its withdrawal..Situated near the southern department of Arequipa,…