Gencor joins Aber in NWT
South African mining house Gencor has joined with Aber Resources (ABZ-T) to explore that company’s Kuujjua nickel project on Victoria Island in the Northwest Territories.Gencor can earn a half interes…
News
STOCK MARKETS — Junior plays help western markets recover from slump — Winspear, Mar-West and Stratabound among host of winning mining issues
The Vancouver Stock Exchange composite index closed up six points at 809.45 over the report period ended July 29, for a 0.7% gain. The mining index followed suit, rising 6.09 points, or 0.8%, to finis…
Metal prices — Daily Metal Prices
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateJuly 29July 28July 25July 24J…
NDT takes shine to Staghorn results
Although the nickel values remain uneconomic, NDT Ventures (NDE-V) is encouraged by the latest drill data from its projects in Labrador.On Project 11-3, a joint venture with Essex Resource (ESX-V), ho…
Producer and dealer prices (August 04, 1997)
Aluminium: LME settlements US$1,661.50 per tonne, alloy $1,470 per tonne (July 29/97).Antimony: Composite free market, US$1,950 per tonne (July 28/97).Bismuth: Composite free market US$3.70 per lb. (J…
GeoNova ups Discovery resource
GeoNova Explorations (GNE-M) has boosted by 33% the estimated resource of the Discovery zone at its contiguous Desjardins and Borduas-Martel gold properties, 45 km north of Lebel-sur-Quvillon in north…
DIAMOND PAGE — Buyers pay top dollar for United Reef gems — CAR diamond project expansion continues
Toronto-based diamond producer United Reef (URP-T) has sold 1,440.5 carats of diamonds from its Mbala mine in the Central African Republic (C.A.R.) for just under US$300,000.The average selling price …
Amax reports record output
With three new mines in operation, quarterly gold production for Amax Gold (AU-N) has reached record levels.The three mines — Fort Knox in Alaska, Kubaka in eastern Russia and Refugio in Chile — con…
DIAMOND PAGE — Serengeti Diamonds picks targets from data
Geophysical consultants for Serengeti Diamonds (SGD-V) have reprocessed data gleaned from airborne geophysical surveys flown over Tanzania by the South African firm Geosurvey between 1979 and 1981.Ser…
Geomaque expands Honduran deposit
Geomaque Explorations (GEO-T) has extended the San Juan zone as a result of drilling carried out on the Vueltas del Rio gold project in northwestern Honduras.Drilling began in February in the eastern …
STOCK MARKETS — Metal mines awaken to enlivened Toronto markets — Even the gold sub-group recovers modestly in upbeat market
The Toronto Stock Exchange finished with another record high close on July 29, finishing the trading period at 6,801.17 — a gain of 86.92 points — over the trading period July 23-29.The Canadian dol…
No end in sight for Las Cristinas dispute
A dispute over potential ownership of a major gold mine remains unsettled following a ruling by a Venezuelan court.The proponents in this David-Vs.-Goliath affair are Crystallex International (KRY-T),…