PEOPLE — EUREKA
Hugh Morris appointed director.
News
PEOPLE — ECHO BAY (June 12, 1995)
Richard Horsnail appointed director of international exploration.
GOLD FUNDS (June 12, 1995)
Gold Funds as of June 6BGRCentralNet Value$17.36$6.67Price$14.38$7.25Discount17.17%Premium8.7%Value$135,689,000$131,219,925…
Correction (June 12, 1995)
The oxide resources of the Tonkin Springs project in central Nevada are 4 million tons averaging 0.033 oz. gold per ton. Incorrect figures appeared in our June 5 issue.The project is being examined by…
Silica deposit discovered in Quebec
Drilling results have delineated probable reserves of 11.6 million tonnes of high-silica quartzite on the De Salaberry Twp., Quebec, property of Bruneau Minerals (ME).The deposit, which is minable by …
U.S. silver industry continues growth
Activity in the U.S. silver market in 1994 continued the upward price trend that began to develop in early 1993 (although in that year, a near-20-year low of $3.54 per oz. was recorded).Volatility was…
Mine safety improves in Canada
The safety performance of Canada’s mining industry improved 75% between 1984 and 1994, according to statistics released by the Ontario Mining Association.The lost-time injury rate last year was 1.86 p…
LETTER TO THE EDITOR — Reserves misquoted for Battle zone
In the May 22 issue of The Northern Miner an article on Westmin’s 1995 first-quarter results mentions the Battle zone development in British Columbia but misquotes the reserves.Minable reserves at the…
Sierra Nevada lands Mexican ground
A recent purchase agreement provides Sierra Nevada Gold (VSE) with control of the Promontorio gold-copper property in Chihuahua, Mexico.The company will pay US$50,000 on final signing, plus US$100,000…
Copperstone arranges financing
Funds generated by the arrangement of two private placements will be used by Copperstone Resources (VSE) to pay a portion of its existing debt and to make the required option payments for the Boleo co…
Royalstar expands ground position near Harp Lake
Royalstar Resources (VSE) has acquired 44,341 acres in the Harp Lake area of Labrador.The eight claim blocks are underlain by nickel, copper and cobalt lake sediment anomalies. Several magnetic anomal…
PRODUCER PRICES (June 12, 1995)
ALUMINUM: MW U.S. market US83.5-84.5 cents per lb. (May 19, 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).CAD…