TORONTO STOCK EXCHANGE INDICES (March 21, 1994)
— 1994 — Mar 15 Mar 14 Mar 11 Mar 10 Mar 9 High Low Composite “300” 4500.58 4470.36 4446.86 4443.18 4444.78 4601.09 3518.31 Metals & Minrls 3702.40 3686.60 3655.00 3666.19 3681.07 3855.09 3495.59 In…
News
THE STOCK MARKETS — Resource index edges up despite jump in
Western markets traded sideways during the week ended March 16 despite a jump in the price of gold to US$385 per oz. The Vancouver Stock Exchange resource index edged up 3.41 points to 1,751.03 while …
Cambior to develop Peruvian copper project
Growing gold producer Cambior (TSE) plans to develop Peru’s La Granja copper project. The Val d’Or, Que.-based company, which operates the Omai gold mine in Guyana, can acquire La Granja outright by i…
Teck outlines two possible oreshoots
A first phase of drilling has wound down on Teck’s (TSE) Thunder Lake West gold project in northwestern Ontario. In total, 34 holes were drilled in a 15,894-ft. program funded by Continental Cartech (…
USMX hits gold in Mexican play
Drilling at the Noche Buena project in northern Mexico is confirming the existence of a large, disseminated gold system for USMX (NASDAQ). Exposed gold has been identified as a result of surface and s…
Keevil tightens grip on Teck
An agreement with Metall Mining (TSE) provides Norman Keevil and his family with a strategy to prevent voting shares of Teck (TSE), of which he is president, from being acquired by any unfriendly shar…
NEWS ROUNDUP — Reserves double at Beaufor project
Toronto-listed partners Aurizon Mines and Louvem Mines have almost doubled the diluted geological reserves at their Beaufor project near Val d’Or, Que. The figure has increased to 626,700 tonnes avera…
Royal Minerals lands Montanore
In a share swap, Utah-based Royal Minerals (NASDAQ) plans to acquire the outstanding shares of privately owned Montana Reserves. Existing shareholders of Royal Minerals will end up owning about 18% of…
LAST BUT NOT LEAST — Oracle Ridge running smoothly
Five months after operations resumed, the Oracle Ridge copper mine in southwestern Arizona is reported to be running smoothly. Seventy-per-cent owner Southern Copper (VSE) placed the underground mine …
LAST BUT NOT LEAST — Sutton updates Marudi reserve
Based on work to date, the Marudi Mountain property in southern Guyana has a drill-indicated and possible resource of about 9.6 million tons grading 0.07 oz. gold. Sutton Resources (VSE) says most of …
ANNUAL OUTPUT UP TO 308,000 OZ. — Canyon seeking permits
Permit applications will be submitted early this year for an open-pit, heap-leaching operation at the McDonald gold property in the northwestern corner of Montana. This decision is based on a positive…
Athena grants Pegasus extension
Partners Athena Gold (VSE) and Pegasus Gold (TSE) have agreed to a 45-day extension to negotiate the future of their Talapoosa joint venture in northwestern Nevada. Pegasus can earn up to a 70% intere…