LME WHSE LEVELS (January 27, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Jan.20/97 (change from previous week in brackets):Aluminium963,325(-5,175)Copper143,225(+11,750)Lead115,375(-2,275)Nickel49,…
News
THE DIAMOND PAGE — Trade Winds pulls stones from Drybones
Drill results from the Drybones Bay diamond project in the Northwest Territories are proving encouraging for Trade Winds Resources (TDN-V).In 1996, the company tested the eastern portion of the comple…
THE DIAMOND PAGE — Ashton and Pure Gold drill for diamonds in Alberta
Partners Ashton Mining of Canada (ACA-T) and Pure Gold Resources (PUG-T) have launched a drill program aimed at uncovering diamonds in the north-central part of Alberta, northeast of Grande Prairie.Th…
ODDS’N’SODS — Paper profits
When I was a barber in Timmins, Ont., I always kept copies of The Northern Miner on hand. My clients enjoyed following stories about mining projects and developments, including the nearby Texas Gulf S…
Newmont Gold inks deal with TVI Pacific
The Philippine subsidiary of Newmont Gold (NGC-N) has optioned a 60% interest in two application areas on the island of Luzon from TVI Pacific (TVI-T) for US$4 million.TVI holds a government contract …
Royalty sisters to build Nevada mine
Sister royalty companies Franco-Nevada Mining (FN-T) and Euro-Nevada Mining (EN-T) have approved an US$84-million development plan for the Rex-Grande gold deposit in Nevada’s Carlin trend.The companie…
Echo Bay to launch two new gold mines
Echo Bay Mines (ECO-T) has announced production plans for two new gold mines — one in Canada, the other in Mexico.Over the next two years, the major plans to contribute a total of US$167 million towa…
Busang’s fate still uncertain
The Indonesian Ministry of Mines and Energy has sent a letter to Bre-X Minerals (BXM-T) and Barrick Gold (ABX-T) that reportedly gives the two companies one month to complete a development agreement f…
Sirios to drill Quebec properties
Proceeds from a $1.3-million private placement will be used by Sirios Resources (SOI-M) to carry out diamond drilling on its properties in Quebec.At the Delestre massive sulphide project, 70 km northe…
Armistice strikes gold at Virginiatown project
Diamond drill results from a gold project in Virginiatown, Ont., are being greeted enthusiastically by Armistice Resources (ACI-M).The program, which is being carried out from a drift at the 2,250-ft….
Drills ready to turn at Meliadine gold property near Rankin Inlet
Hoping to repeat last year’s successful exploration campaign at the Meliadine gold project near Rankin Inlet, N.W.T., equal partners Cumberland Resources (CBD-T) and Comaplex Minerals (CMF-T) intend t…
GREATEST VALUE TRADED, Jan. 15-21
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