SPOT PRICES (August 11, 1997)
Wednesday, August 6, 1997Price (US)Week’s ChangeGold*$318.85-$7.55Silver*$ 4.34…
1997
Rio Tinto farms out PNG porphyry
Rio Tinto (rtp-n) has farmed out a minority interest in the Wafi copper-gold porphyry in Papua New Guinea to an Australian firm.The British giant has given Provincial Gold Fields the opportunity to ac…
Golden Goose Resources updates Magino resource estimate
Toronto-based junior Golden Goose Resources (ggr-t) has revised the resource estimate for its Magino gold mine property, 45 km northeast of Wawa, Ont.The company is hoping to revive the former undergr…
Lyon Lake finds more gold in Costa Rica
Quebec-based Lyon Lake Mines (LLL-M) has received encouraging results from its final round of drilling at the Canamazo concession, on the western part of the Beta Vargas property in Costa Rica.The res…
Lawyers cast net wider in Bre-X suit
More than 20 Canadian and U.S. law firms, all with pending lawsuits against disgraced Bre-X Minerals, are joining forces on a class action filed in Texas.The suit names all the usual suspects — Bre-X…
Discovery confirmed for Tan Range Exploration
An independent sampling program on the Itetemia property in the Victoria Lake gold district of Tanzania has confirmed that an area exposed by artisanal miners contains a significant gold-bearing zone….
DIAMOND PAGE — New Russian company to mine diamonds
Almazy Rosii-Sakha, Russia’s largest producer and exporter of rough diamonds, has formed a company to develop kimberlite pipes in the Nyurba district of Yakutia.Alrosa-Nyurba was set up to mine two di…
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…
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…
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),…
Band-Ore puts resource figure on Thorne
Three advanced exploration projects in the Timmins, Ont. region have moved a step closer to development.At the Thorne property, Band-Ore Resources (BAN-T) has released its long-Awaited resource estima…
Study positive for Almaden project
Based on the results of a positive feasibility study by Watts, Griffis & McOuat, International Freegold Mineral Development (ITF-G) intends to proceed with the permitting process for the Almaden gold …