SPOT PRICES (July 27, 1998)
Wednesday July 15, 1998Price (US)Week’s ChangeGold*$294.40+ $1.60Silver*$ 5.65…
1998
Drilling hits new zone at Itetemia
Ongoing drilling at the Itetemia gold property in the Victoria Lake gold district in Tanzania has confirmed the volcanogenic nature of mineralization.Tan Range Exploration (TNX-A) reports that five co…
Arizona Star options project in Chilean mineral belt
Arizona Star Resource AZS-V) will acquire control of the Cenizas gold project in northern Chile from Fremont Gold (FGLD-O) and Rio Tinto (RTP-N).Situated 175 km southeast of Antofagasta, the 13,259-ha…
Buchans River options ground from Noranda
St. John’s, Nfld.-based Buchans River (BUY-A) has agreed to option the Little Sandy base metal properties in the central region of its home province.The vendor, Noranda Mining & Exploration, a subsidi…
SouthernEra tallies resource
Toronto-based SouthernEra Resources (SUF-T) has attached a resource figure to the partly owned Camafuca diamond pipe in Angola’s Lunda Norte province.Resources are pegged at 88 million cubic metres gr…
METAL PRICES — Daily Metal Prices (July 27, 1998)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices in US$ per tonne)DateJuly 21July 20July 17July…
GREATEST VALUE TRADED, July 15-21
ExchgValue ($000s)HighLowCloseChangePhelps Dodge*N…
TSE raps knuckles of Cumberland, Comaplex
Regulatory concern has prompted Cumberland Resources (CBD-T) and Comaplex Minerals (CMF-T) to clarify information pertaining to an independent scoping study of the Meliadine West gold project, 20 km n…
Barrick plans new mines, cuts costs
While it won’t rival the giant Goldstrike operation in size, the Pierina gold mine in Peru is expected to incur production costs considerably lower than those reported for Barrick Gold’s (ABX-T) corne…
Rayrock gains remainder of Daisy mine
Rayrock Resources (RAY-T) is acquiring the remaining 65% interest in the Daisy gold mine from sister company Inter-Rock Gold (IRO-T).Currently, 35%-owner Rayrock operates the open-pit mine, which is n…
Noveder drills Cabot
Noveder (NED-M) has intersected more copper-cobalt mineralization at its Cabot property in Newfoundland’s Baie Verte region.Within most holes, Noveder has delineated two zones of sulphide mineralizati…
GUEST COLUMN — Yellowknife indebted to mining
Throughout Canada’s history, hundreds of communities have grown and prospered because of mining developments. While we all applaud these mines for the jobs they create, we often overlook the other imp…