News
MOST ACTIVE ISSUES, SEPT. 6-12
Exchg Vol(000s)HighLowCloseChange Atna Res V7574355190335+140TVX Gold Inc T5149$10 3/89 5/810 1/4+1/2Asia Pac Res T3789$5 1/84 1/85 1/8+7/8Bl Swan Gld MnT3435341631+ …
Correction (September 18, 1995)
At the Lady Lina property in Zimbabwe, drilling by Antares Mining & Exploration (TSE) has increased reserves and resources to 2.87 million tonnes averaging 0.149 oz. gold per ton. Incorrect informatio…
LABRADOR NEWS ROUNDUP — Black Pearl expands presence
An additional six claim blocks, comprising 749 claims, have been acquired by Black Pearl Minerals (CDN).The claims are near Okak Bay, 130 km north of Voisey Bay, and bring the company’s Labrador holdi…
NEWS IN BRIEF (September 18, 1995)
Consolidated Golden Lion Resources Ltd. (CLU:VSE) has changed its name to Americ Resources Corp. (ARW:VSE) on a 1-new-sh-for-4.5-old-shs basis.
PEOPLE — WORLD WIDE — Paul Carroll appointed chairman; James Wade appointed executive vice-president; John Ivany appointed president; Paul Roberts appointed senior vice-president of exploration; Derek Buntain appointed senior vice-president of finance; William Tynkaluk, Gordon McCreary and Richard Feng appointed directors.
GOLD FUNDS (September 18, 1995)
Gold Funds as of September 7BGRCentralNet Value$17.89$6.53Price$13.75$6.500Discount23.16%0.5%Value$139,906,000$117,645,450…
OBITUARY — Charles Tanner
Charles Tanner, president and founder of CJT Surplus Equipment, died on Sept. 3, at his home in Ottawa, Ont.Mr. Tanner was well-known in the Canadian mining industry. For more than 25 years, he helped…
PRODUCER PRICES (September 18, 1995)
ALUMINUM: MW U.S. market US85 cents-86 cents per lb. (September 1, 1995).ANTIMONY: MW New York dealer US$2.30-2.50 per lb. (July 14, 1995).BISMUTH: MW New York dealer US$3.75-3.85 per lb. (August 24, …
Hemlo Gold, Steelworkers come to terms
A memorandum of agreement between Hemlo Gold Mines (TSE) and Local 9364 of the United Steelworkers of America was to have been voted on by the membership on Sept. 17.The 223 members of the local have …
Worldwide exploration spending on the rise
A recent study of worldwide nonferrous exploration budgets shows that exploration spending has increased for the second year in a row.Metals Economic Group’s latest study says budgets totaled US$2.05 …
ODDS’N’SODS — Jack Elliot, flying ace
Jack V. Elliot Ltd. Air Service of Hamilton, Ont., operated the first commercial air service to Red Lake during the gold rush of 1926.Elliot, an outstanding pioneer aviator, started the first automobi…