Tenke holds significant potential
Five of seven holes drilled at the Tenke Fungurume copper-Cobalt project in the Democratic Republic of Congo confirm the property’s potential for additional copper-Cobalt mineralization, Tenke Mining …
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Taurus uncovers Panamanian porphyry
Seven of nine holes drilled at the Ipeti concession in Panama have intersected low grades of gold and copper mineralization.International Taurus Resources (ITS-V) says the results indicate the presenc…
Newmex plans merger with Santa Cruz
Subject to shareholder and other approvals, Santa Cruz Gold (SCG-T) and Newmex Mining (MEX-T) will amalgamate to form a new company to carry on business as Santa Cruz Gold.The proposed transaction cal…
LME Warehouse Levels (June 23, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at June 16/97 (change from previous week in brackets):Aluminium698,650(-19,425)Copper122,225(-5,900)Lead116,875(-675)Nickel51,1…
Gold Funds (June 23, 1997)
Gold Funds as of June 12, 1997BGRCentralNet Value$20.53$5.87Price$15.25$5…
NEWS IN BRIEF (June 23, 1997)
First Impression Singles (FIM-V) has changed its name to Global Explorations (GXC-V).
Private donations expand — U of T’s geological research — Geology and physics departments get $1 million each
The University of Toronto has received two separate donations that will lead to the creation of chairs for ore genesis geology and exploration geophysics, within the departments of geology and physics…
Drills hit at Duquesne West
Recent drilling by Sante Fe Canadian Mining, a unit of Newmont Gold (NGC-N), has tested a geophysical anomaly at the Duquesne West gold property near Rouyn-Noranda, Quebec.The company is earning an in…
Hemlock takes aim at Tres Amigos
Drilling has begun on the Tres Amigos zone of Golden Hemlock Explorations’ (GHE-V) wholly owned San Jose de Gracia project in western Mexico.Infill drilling is testing the continuity of previously ide…
Toronto Stock Exchange Indices (June 23, 1997)
1997June 17June 16June 13June 12June 11HighLowCom…
SPOT PRICES (June 23, 1997)
Wednesday, June 18, 1997Price (US)Week’s ChangeGold*$342.05+ $1.65Silver*$ 4.80…
Nu-Lite reworks private placement
Slow markets have caused Nu-Lite Industries (NLE-V) to re-price a private placement.Unable to complete a 2.2-Million unit private placement at $3 each, the junior has arranged with investors to repric…