Fewer garimpeiros active in Brazil
Two studies by Brazil’s national mining department indicate a sharp decline in garimpeiros activity. The U.S. Bureau of Mines reports that the number of garimpeiros in Brazil has fallen to 400,000 fro…
News
Mapping school for Laurentian
The geology department of Laurentian University in Sudbury, Ont., and the Ontario Geological Society (OGS) will establish a co-operative graduate Mapping School program. The program is intended to tra…
STOCK MARKETS — Money markets improve, but gold and metals
Money markets continued to improve during the week, but declines in the metals and minerals and gold subgroups lead to a drop in the composite index. On April 12, the central bank rate tumbled 37 basi…
Chase plans Taysan drilling
Further drilling is planned on the Taysan West zone at the Taysan copper-gold project in the Philippines. Chase Resource (TSE), which has an option to earn up to a 67% interest in the Philippine compa…
Altai seeks partner for Peruvian placer operation
Toronto-listed junior Altai Resources is negotiating with a Canadian mining group to put the placer portion of the Chimu project into production in late 1994. The placer project lies adjacent to the R…
STOCK MARKETS — Market uncertainty shaves 20 points off
Continuing uncertainty on major markets combined with a US$6-per-oz. drop in the price of gold to the US$378 level left the Vancouver Stock Exchange resource index down over 20 points at 1,793.13. The…
Spot prices at a glance (April 18, 1994)
Week’s Price (US) Change Gold* $379.20 – $5.90 Silver* $ 5.34 – $0.19 Platinum* $398.75 – $9.00 Nickel** $ 2.52 + $0.03 Lead** $ 0.21 + $0.01 Copper $ 0.85 $0.00 Zinc $ 0.43 + $0.01 Courtesy of Scotia…
METAL PRICES — FREE MARKET (April 18, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date April 12 April 11 April 8 April 7 April 6 Copper 1877-1878 1869-1870 1873-1874 1858-1859 1876-1877 Lead 448.5-449.5 443-444 438.5-439.5 …
FINANCING (April 18, 1994)
Bamco Minerals Corp. — 1,000,000 shs @ 20 cents per sh. Blackpool Exploration Ltd. — 2,166,500 shs @ 15 cents per sh. Dalton Res. — 2,000,000 shs @ 10 cents per sh. Early Res. — 1,500,000 shs @ 10…
TSE INDICES (April 18, 1994)
— 1994 — Apr 12 Apr 11 Apr 8 Apr 7 Apr 6 High Low Composite”300″ 4295.41 4303.00 4327.41 4339.07 4313.26 4609.93 3518.31 Metals&Minerals 3566.19 3609.16 3622.16 3680.80 3662.49 3879.59 3495.59 Integ…
Prime Equities drops Johnson River project
Murray Pezim’s flagship, Prime Equities International (VSE), has decided not to earn an interest in the Johnson River gold project in the Cook Inlet region of Alaska. Earlier this year, the company an…
Focal options more land near Fort MacKay
Four separate agreements have been signed by Focal Resources (ASE), whereby the company can expand its land position in the Fort MacKay region in northeastern Alberta by about 1.15 million acres. Foca…