Gold Funds (April 04, 1994)
Gold Funds as of Mar. 30 BGR Central Net Value $18.08 $7.10 Price $17.25 $7.750 Premium 9.2% Discount 4.61% Value $146,924,000 $140,269,575…
News
NEWS IN BRIEF (April 04, 1994)
Zicton Gold (ZGL:ASE) has changed its name to Saddle Mountain Mining (SLD:ASE) on a share-for-share basis.
Orco’s Donalda producing gold again
The operator of the Donalda gold mining project is projecting output of about 20,000 oz. for the first year. Orco Resources (ME) placed the project, which sits just outside city limits, into productio…
Int’l Platinum halted pending assay check
The shares of International Platinum (IPC) have been halted from trading on the Toronto Stock Exchange pending an “independent verification” of recently reported assay results from its property in La …
Campbell divides time between Mexico and Quebec
For years, Campbell Resources (TSE) has been hobbled with a mixed bag of gold-copper, asbestos and coal investments. Profitability and a clean balance sheet were elusive. However, the past few years h…
Denison given short reprieve
An arbitration panel has ruled on the dispute between Denison Mines (TSE) and Ontario Hydro. The news is not good for Denison, which will receive a total of $30.9 million, a far cry from the $361 mill…
Hemlo’s Holloway project gets go-ahead
Ontario’s newest producing gold mine could be the Holloway project, 60 km east of Matheson. A feasibility study by Hemlo Gold Mines (TSE), Freewest (TSE) and Teddy Bear Valley Mines (CDN) indicates th…
Treminco extends N.W.T. program
Follow-up drilling is planned for the Greenstone Belt project north of Yellowknife, N.W.T. Having completed a 12-hole, 6,271-ft. reconnaissance drilling program, Treminco Resources (TSE) has identifie…
NEWS ROUNDUP — Audrey ups reserves at 1100 lens
Minable reserves have increased at the 1100 lens project, part of the Mobrun mine northeast of Rouyn-Noranda, Que. Audrey Resources (ME) says reserves increased by 860,000 tonnes following a 6,600-met…
NEWS ROUNDUP — Franco buys 2% Lenora NSR
Royalty-holder Franco-Nevada Mining (TSE) has bought a 2% net smelter return royalty (NSR) in the Goldfields project from Greater Lenora Resources (TSE). The price: $2 million. The northern Saskatchew…
European Ventures hits Man. sulphides
A new base metal zone has been outlined on the Wekusko Lake project near Snow Lake, Man. European Ventures (VSE) reports that nine holes, totaling 1,309 metres, were drilled to test seven targets. One…
Pegasus to assist Goldbelt financially
Satisfied with its due diligence review, Pegasus Gold (TSE) has agreed to lend US$3 million to Goldbelt Resources (VSE) to help it secure financing for its Leninogorsk gold-silver tailings project in …