Further drilling at Rainbow
A third phase of drilling totaling 7,000 ft. in 14 holes is under way on the Rainbow property near Kamloops, B.C. Teck (TSE) recently completed a 70% earn-in on the property and Getchell Resources (VS…
Articles by Northern Miner Staff
METAL PRICES (November 14, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date Nov. 8 Nov. 7 Nov. 4 Nov. 3 Nov. 2 Copper 2707-2711 2710-2711 2734-2735 2754-2755 2712-2714 Lead 667-668 668.5-669.5 672.5-673.5 674.5-6…
Spot prices at a glance (November 14, 1994)
Week’s Price (US) Change Gold* $384.35 + $0.50 Silver* $5.20 – $0.08 Platinum* $411.00 – $7.00 Nickel** $3.37 – $0.02 Lead** $0.30 $0.00 Copper $1.23 + $0.03 Zinc $0.52 + $0.02 Courtesy of Scotiabank….
STOCK MARKETS — Low indexes cancel out near-record earnings
Year-to-date financings on the Vancouver Stock Exchange reached $1.1 billion, the highest level since the bull market of 1987, which raised $1.4 billion. Both the composite and resource indexes reache…
Hecla mine closure
In early 1995, Hecla Mining (NYSE) will phase out its gold mining operations in the Republic district of Washington state. Exploration at the mine site during the past four years failed to extend rese…
New World on hold
Development of the New World gold project in Montana has been delayed by state and federal authorities. The Montana Department of State Lands and the U.S. Forestry Service told operator Crown Butte Re…
Bolivar drills Tomi in Venezuela
Junior Bolivar Goldfields (VSE) has completed a second phase of reverse-circulation drilling on the Tomi concession in Venezuela’s Bolivar state. The 3,800-metre program identified two new mineralized…
Gibraltar to buy Chilean project
Toronto-listed Gibraltar Mines has opted to buy the Lomas Bayas copper property in Chile for US$14 million. The company will assume a royalty on copper production of US2 cents per lb., capped at US$3….
Chase expands Philippine assets
Junior Chase Resource (TSE) hopes to expand its Philippine assets by acquiring an 85% interest in Bai Saripinang Mining. Chase can acquire an initial 40% by paying US$5,000 plus a US$1,000 option fee …
Int’l Platinum resumes trading
After several months of inactivity, shares of International Platinum (IPC) have resumed trading on the National Association of Securities Dealers Automated Quotation (NASDAQ). However, owing to what t…
BHP comes to Roost in Arizona
A US $25,000 second option payment will be made by BHP Minerals International to Excellon Resources (VSE) and MVP Capital (TSE) on their jointly owned Robber’s Roost copper project near Tombstone, Ari…
NEWS IN BRIEF (November 14, 1994)
Aurtec Mining Development (AUD.A:ME) has changed its name to Aurtec (AUD.A:ME) on a sh-for-sh basis.