GREATEST VALUE TRADED, JULY 5-11
Exchange Value($000s)HighLowCloseChange Inco Ltd T362499 $45 5/839 5/845 1/2+6 1/8Barrick Gold T143850 $36 3/834 3/836 1/4+11/4Placer Dome T134942 $38 3/435 1/238 3/4+27/8Nora…
News
LABRADOR NEWS ROUNDUP — Castle Rock reports copper values
Initial prospecting in the Wilson Lake area of Labrador has identified sulphide showings along a contact between older gneisses and a gabbroic unit.Castle Rock Exploration (VSE) reports that copper va…
Mixed results at Golden Bear
Drilling at the Golden Bear mine property in northwestern British Columbia is returning mixed results for Wheaton River Minerals (TSE).The company is drill-testing two zones, Ursa and Grizzly, in an e…
Bourlamaque-Nord yields gold
A bulk sample of ore from the Bourlamaque-Nord project of Lithos (ME) has yielded 2,484 oz. gold, 93.4% of which was recovered.The 10,377 tons of ore extracted from the property, which is the site of …
Etruscan makes gold discovery in Niger
Etruscan Enterprises (VSE) has made a significant gold discovery on its 67%-owned Koma Bangou project in Niger, West Africa.The disseminated gold zone, known as V1 South, was found at the contact betw…
Glamis extends Eldorado offer
The battle for control of Eldorado (TSE) shows little sign of letting up.Glamis Gold (TSE), which launched a takeover bid for the Bermuda-based company in early June, has extended the deadline for its…
COMMENTARY — Growth potential seen in Venezuelan mining sector
In 1993, the international mining investment community committed more than $200 million to Venezuela. Since then, uncertain political and financial circumstances have caused investors to become wary, …
ODDS’N’SODS — Assessing diamond discoveries
Simple, straightforward and to the point. And much, much better late than never.We are describing the new guidelines for public reporting of diamond exploration results, resources and reserves, which …
Murray Pezim’s illness prompts changes at Prime
The admission to hospital of mining promoter Murray Pezim is not expected to slow down his flagship company, Prime Equities International (VSE).The Vancouver-based businessman underwent abdominal surg…
PRODUCER PRICES (July 17, 1995)
ALUMINUM: MW U.S. market US84-85 cents per lb. (June 30, 1995).ANTIMONY: MW New York dealer US$2.20-2.30 per lb. (March 31, 1995).BISMUTH: MW New York dealer US$3.55-3.65 per lb. (May 12, 1995).CADMIU…
Gold Funds (July 17, 1995)
Gold Funds as of July 11BGRCentralNet Value$18.02$6.57Price$14.13$6.625Discount21.62%Premium0.8%Value$140,904,000$119,907,863…
Akie drilling hits sulphides
Drilling on the Akie project in northern British Columbia has intersected 32.7 metres of massive and semi-massive pyrite-sphalerite-galena mineralization interbedded with argillaceous sediments.Assay …