Gold Funds (August 29, 1994)
BGR Central Net Value $17.10 $6.66 Price $15.63 $7.125 Premium 7.0% Discount 8.65% Value $138,967,000 $128,957,513…
News
Paredones results encourage Echo Bay
Drill results from the Paredones Amarillos gold property in Baja California Sur, Mexico, are proving encouraging for Baja Gold (TSE) and Echo Bay Mines (TSE). The latter can earn a 51% interest in the…
Metal Prices — London Metal Exchange (August 29, 1994)
Spot closing prices in $US per tonne Date August 23 August 22 August 19 August 18 August 17 Copper 2370-2371 2374.5-2375.5 2391-2392 2411-2412 2399.5-2401.5 Lead 565.5-566.5 564-565 563-565 574.5-575….
Trillion drilling Zimbabwe deposit
A 50,000-ft. drill program has begun at Trillion Resources’ (TSE) 50%-owned Jena Mines complex in Zimbabwe. The objective is to develop new gold reserves on strike with the currently producing Stump, …
New Damoti zone being drilled
Drilling is under way on a new zone of gold mineralization at the Damoti Lake property north of Yellowknife, N.W.T. Consolidated Ramrod Gold (TSE) holds a 40% interest in the property and is earning a…
Lac management accepts Barrick offer
In a move that took many investors by surprise, American Barrick Resources (TSE) announced it had signed an agreement with takeover target Lac Minerals (TSE) to acquire all outstanding shares of the l…
Drills turning at Lewis Ponds
Toronto-listed Tri Origin Exploration has completed two drill holes and four wedged holes on its Lewis Ponds property in New South Wales, Australia. Hole 32, north of the deposit, intersected a 41-met…
Minefinders encouraged at Dolores
VSE-listed Minefinders is encouraged by results from geological mapping, prospecting and sampling at its Dolores gold-silver property in northern Mexico. The property is in the Madera mining district,…
Sutton acquires Tanzanian prospect
Under an agreement with the Tanzanian government, Sutton Resources (VSE) has gained an 85% net interest in the Bulyanhulu gold deposit about 40 miles south of Lake Victoria. Under the agreement, Sutto…
Meliadine drilling cuts gold values
Drilling on the Meliadine project near Rankin Inlet, N.W.T., is returning gold values for joint owners Cumberland Resources (VSE) and Comaplex Resources (TSE). The current program includes closely spa…
Martel accused of violating Privacy Act
Ontario’s privacy commission has decided that the province’s mines minister, Shelley Martel, revealed “personal information” about an Ottawa man and, consequently, has violated the Freedom of Informat…
Control at Imperial changes hands
Control of Imperial Metals (TSE) is now in the hands of Calgary investor N.M. Edwards. Through a private financial corporation, Edwards will buy the 20-million-share block held by a group of five Euro…