METAL PRICES — Daily Metal Prices (August 11, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateAug. 5Aug. 4Aug. 1July 31July…
News
Converse project shaping into large resource for JV partners
Drilling by Uranerz has almost doubled the gold resource at the Converse gold property in northwestern Nevada.A 25-hole drill program on the property, 180 km northeast of Reno, has now outlined 39 mil…
STOCK MARKET — Gold stocks left behind as TSE hits the heights — Base metals rise slightly in buoyant market
The Toronto Stock Exchange’s hot streak continued in the report period July 30-Aug. 5, with the TSE 300 composite index rising 101.91 points (1.5%) to a record high close of 6,903.08 on Aug. 5. Tradin…
Cuban results fuel CaribGold
Drilling by CaribGold (cg-t) has returned mineralized intersections from El Limon, a quartz-vein target at the Jacinto prospecting area in Cuba.Holes 43 and 44 returned 4.7 metres averaging 11.78 gram…
Twin Gold plans mine in Idaho
Management of Twin Gold (twg-t) intends to place the Atlanta gold project near Boise, Idaho, into production by the year 2000 at a capital cost of US$50 million.The Toronto-based junior, which is head…
Tom Exploration gains Dasserat porphyry target
Junior Tom Exploration (tum-m) is acquiring the Dasserat porphyry-gold property, which consists of six mining claims and three mining concessions just north of the Larder Lake-Cadillac fault in northw…
Viceroy waits it out in Mexico
The drop in the price of gold has forced Viceroy Resource (voy-t) to postpone construction plans at Paredones Amarillos in Mexico.A joint venture with 60% partner Echo Bay Mines (eco-t), the open-pit …
Etruscan drills for gold in Niger
Etruscan Enterprises (eet-t) has drilled significant gold intersections at its Boulon Djounga West gold discovery in westernmost Niger, West Africa.Boulon Djounga West lies within Etruscan’s 1,241-sq….
Placer drops price of Val d’Or mines
Citing weak gold markets, Placer Dome (pdg-t) is knocking US$15 million off the price of its projects in Val d’Or, Que. The assets are being sold to McWatters Mining (mcw.a-m).The price of the Kiena a…
Inco lengthens zone at Voisey’s Bay — No economic nickel found beyond Eastern Deeps
Economic grades of nickel, copper and cobalt remain confined to the roughly west-to-east striking band of known zones at Voisey’s Bay, Labrador, reports Inco (n-t).The major’s Voisey’s Bay Nickel unit…
GOLD FUNDS (August 11, 1997)
Gold Funds as of July 31, 1997BGRCentralNet Value$18.26$5.51Price$13.80$5…
ODDS ‘N’ SODS — Beast of burden
.BS.J. HUNTERImagine my shock when the cargo door to the Norseman plane was flung open and a frantic voice called out, “Get this damned beast out of here!”It was 1946 and I was at MacKay Lake, surroun…