Spot prices at a glance (July 18, 1994)
Week’s Price (US) Change Gold* $384.85 $0.90 Silver* $405.22 $0.10 Platinum* $407.75 + $0.25 Nickel** $402.84 + $0.07 Lead** $400.27 + $0.01 Copper $401.10 $0.02 Zinc $400.44 + $0.01 Courtesy of Scoti…
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METAL PRICES — FREE MARKET (July 18, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date July 12 July 11 July 8 June 7 July 6 Copper 2431-2432 2426.5-2428.5 2448-2449 2377-2378 2460-2461 Lead 581.5-582.5 584.5-585.5 581-582 5…
STOCK MARKETS — Vancouver juniors suffer market malaise
Western markets continued to notch down after last week’s brief pause. The Vancouver Stock Exchange composite index dipped 16.3 points to 930.85 while the resource index closed the week off 26.13 poin…
Pangea outlines targets in Tanzania
Pangea Goldfields (CDN) has outlined several significant soil geochemical anomalies on the Bulyanhulu South gold property in Tanzania’s Lake Victoria gold field. Values of up to 9 grams per tonne were…
Drilling confirms Armada results
Drill results from Armada Gold’s (ASE) Baley Tailings gold project in the Chita region of eastern Siberia have confirmed earlier estimates. Tweny-nine holes were drilled to test the two tailings dams …
Detector options Ontario projects
Alberta-listed Detector Resources has agreed to option two gold properties in northern Ontario. In one deal, it can earn a half interest in the Randall Lake property from Wiscan Resources (ASE) by spe…
Sunshine to open Peruvian office
Idaho-based Sunshine Mining (NYSE) will open an exploration office in Lima, Peru. The company has commissioned a study of Peruvian mine concentrates to determine their compatibility with Sunshine’s hy…
Shiningtree acquires Beardmore area play
Alberta-listed Shiningtree Resources has acquired nine claims in Irwin Twp., near Beardmore, Ont., where previous work uncovered several gold-bearing veins. (Toronto-listed Metalore Mines is exploring…
LAST BUT NOT LEAST — Applied Carbon closes plant
Graphite producer Applied Carbon Technology (VSE) is closing its mine and mill near Kearney, Ont. President W.C. Esterly cited financing difficulties and soft graphite prices as the prime reasons, add…
LAST BUT NOT LEAST — Lac options Matheson area play
Lac North America, a unit of Lac Minerals (TSE), has optioned a 179-claim property southwest of Matheson, Ont., from Glen Auden Resources (TSE). Lac can earn a 60% interest in the Timmins and Michie T…
LAST BUT NOT LEAST — Regal acquires Kirkland Lake property
CDN-listed Regal Goldfields has acquired 14 mining claims near Kirkland Lake, Ont. In return, it must pay $15,000 cash immediately, spend $25,000 on exploration within one year, deliver 6,000 shares o…
Maude reacquires interest in properties
Junior Maude Lake Gold Mines (CDN) is acquiring a 20% interest in properties near Matheson, Ont., previously optioned by Maude to Hecla Mining (NYSE) and Technigen. In return, Maude will issue more th…