Gold Funds (October 17, 1994)
Gold Funds as of Oct 10 BGR Central Net Value $18.29 $6.87 Price $15.75 $7.25 Premium 5.5% Discount 13.91% Value $148,628,000 $131,219,925…
News
Underground drilling results at Nicholas Lake encouraging
Management of Athabaska Gold (TSE) is encouraged by underground drill results from its Nicholas Lake property, 60 miles north of Yellowknife, N.W.T. Results have been received from 15 of the 36 holes …
Anvil to raise $55 million
The new company formed to revive the Faro lead-zinc mine in the Yukon has engaged a financing firm to complete a $25-million private placement. Anvil Range will place 4.4 million shares with both Cana…
Partners explore Mishibishu Lake
Fifty-fifty partners MacMillan Gold (TSE) and Granges (TSE) are exploring their Mishi gold property near Mishibishu Lake in northern Ontario. Geophysical surveys are being employed in an effort to out…
STOCK MARKETS — Yellow metal’s performance leaves
Gold’s performance in the week ended Oct. 11 proved disappointing, as it finished down US$5 per oz. at the US$387-per-oz. level. A Muscovite with a few ounces tucked away under the mattress would, of …
Toronto Stock Exchange Indices (October 17, 1994)
— 1994 — Oct 11 Oct 10 Oct 7 Oct 6 Oct 5 High Low Composite”300″ 4315.39 N/A 4290.80 4276.32 4253.36 4609.93 3518.31 Metals&Minerals 4051.98 N/A 4075.69 4009.50 3994.10 4270.14 3273.56 Integrated Mi…
Battle Mountain pours first gold at Reona mine
The first gold has been poured at Battle Mountain Gold’s (NYSE) Reona mine in Nevada. Production of 16,000 oz. is expected in the fourth quarter, and annual production (beginning in 1995) is projected…
Ontario’s Martel quits cabinet post
The cabinet of Ontario’s governing New Democratic Party is looking for a new mines minister following the resignation of Shelley Martel. The controversial representative of Sudbury East stepped down s…
Definition drilling program tests River Gold property
Encouraging results have been received by River Gold Mines (TSE) from the company’s wholly-owned Eagle River gold project 50 km west of Wawa, Ont. The drill program involves detailed definition drilli…
Abacus stakes Lake property
Junior Abacus Minerals (VSE) has staked 2,000 hectares on the Lake property near Iskut River, B.C. The company arrived at the area by following a train of mineralized boulders in talus, which led to a…
Pioneer Metals plans drilling, restructures
Having completed preliminary exploration of several of its British Columbia properties, Pioneer Metals (TSE) plans to forge ahead with drilling. Trenching on the Hen property has uncovered the source …
Madsen suing Ontario gov’t
Junior Madsen Gold (TSE) is taking the Ontario government and the Local Services Board of Madsen in the Red Lake area of northwestern Ontario to court. The company is seeking damages from the ministry…