Franco to drill at Holloway Twp.
Geophysical surveys are complete and Franco-Nevada Mining (FN-T) will shortly be drilling at the Holloway Twp. property in northeastern Ontario, held in joint venture with Greater Lenora Resources (GE…
1997
SPOT PRICES (December 08, 1997)
Wednesday, December 3, 1997Price(US)Week’s ChangeGold*$291.10- $5.90Silver*$5.32…
METAL PRICES – Daily Metal Prices (December 08, 1997)
BASE METALS (London Metal Exchange-Midday bid/ask prices in US$ per tonne)DateDec. 2Dec. 1Nov. 28Nov. 27Nov.
Fremont adds to Chilean holdings
An agreement with a South American company sets the stage for Fremont Gold (FGLD-Q) to acquire an 8,000-ha property in the Maricunga district of northern Chile.Most of the property lies between the Al…
TSE Short Positions (December 08, 1997)
Short positions outstanding at Nov. 15, 1997Larger individual positions included: Alcan Aluminium 844,262, down 360,285; Barrick Gold 11,730,966, up 388,087; Battle Mountain Canada 3,345,170, up 724,4…
Akrokeri rebounds in third quarter
Earnings for Akrokeri-Ashanti Gold Mines (AAGM-C) rose slightly in the third quarter.The Toronto-based company raked in US$270,000 (or 0.01cents per share) for the period, compared with a loss of US$1…
Ashton plans more sampling
The first two drill samples from K91, the most recent kimberlite found on the Buffalo Hills project in north-central Alberta, have yielded seven macrodiamonds and 139 micros from 79 kg of core.The two…
Nord Pacific hits high grade in PNG
Nord Pacific (NPF-T) has intersected more high-grade gold at its prospects on Simberi Island, Papua New GuineaThe best hole at Pigiput, No. P34, returned 5 metres (from 129 to 134 metres grading) grad…
Faro mine slated for new lease — Swiss firm to buy lead, zinc in 1998
Short-term financing from Cominco (CLT-T) and a sales agreement with metal merchants Glencore Group should enable Anvil Range Mining (ARO-T) to resume production at the Faro lead-zinc mine in the Yuko…
EDITORIAL — A case for domestic exploration — Home-grown gold
In 1992, gold producers in the U.S. spent more than half their exploration dollars examining prospects in their own backyard. By 1996, as mineral opportunities opened up all over the world, domestic p…
Teck buys stake in Ventures Resources — Additional financing opens door for more exploration
Teck (TEK-T) has agreed to invest $4.1 million in Ventures Resource (VRS-V) for the exploration of the junior’s Veta property in Alaska.The investment gives Teck the right to select and earn a 60% int…
PEOPLE — SOUTHERN CROSS
Hugh Synder appointed director.