LETTER TO THE EDITOR — Fenton Formula revived
The article “Timely proposal: a new gold standard” (T.N.M., March 7/94) is of interest to me. My article “The Fenton formula,” published in 1984, is much better than “Timely proposal” and is practical…
News
TSE Short Positions (April 04, 1994)
Semi-monthly reports as of Feb 28, 1994 showed 66,356,166 shares of 807 issues compared with 68,492,494 shares of 808 issues on Feb 15, 1994. Larger individual positions included: Aber 192,700; Adrian…
World Wide to drill Nevada gold play
Drilling is scheduled to begin soon on the Easter gold project, 180 km north of Las Vegas, Nev. World Wide Minerals (TSE) reports that the primary vein structure extends beyond 7,000 ft. The initial t…
American Bullion cancels funding
Junior American Bullion Minerals (VSE) has shelved plans for a brokered private placement of 2.5 million units at $2 each, pending completion of independent engineering reports and improved market con…
THE DIAMOND PAGE — Ashton Mining drills kimberlite body near
Three holes drilled by Ashton Mining of Canada (TSE) intersected kimberlite breccia at the Cross property in the Humpy Lake region, 100 km west of Lac de Gras, N.W.T. Samples were submitted for labora…
Rabbit Lake gets federal OK
Uranium miner Cameco (TSE) has been given the green light to bring three new deposits into production at its Rabbit Lake operation, 420 km north of La Ronge, Sask. The federal natural resources minist…
Gibraltar adds to copper interests
An expanding Gibraltar Mines (TSE) intends to acquire the Lomas Bayas copper property in Chile. The decision — part of a corporate thrust to become a multi-mine copper producer — follows a joint-ven…
Metal Prices — FREE MARKET (April 04, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date Mar. 29 Mar. 28 Mar. 25 Mar. 24 Mar. 23 Copper 1925-1926 1949.5-1950.5 1927.5-1928 1928.5-1929.5 1948.5-1949.5 Lead 457-458 458-459 445-…
Spot prices at a glance (April 04, 1994)
Week’s Price (US) Change Gold* $386.75 – $1.65 Silver* $ 5.61 + $0.02 Platinum* $408.00 + $4.25 Nickel** $ 2.54 – $0.01 Lead** $ 0.21 $0.00 Copper $ 0.87 – $0.01 Zinc $ 0.43 $0.00 Courtesy of Scotiaba…
Toronto Stock Exchange Indices (April 04, 1994)
— 1994 — Mar 29 Mar 28 Mar 25 Mar 24 Mar 23 High Low Composite”300″ 4393.61 4487.97 4528.29 4569.65 4609.93 4609.93 3518.31 Metals&Minerals 3669.09 3766.35 3742.90 3802.51 3870.68 3879.59 3495.59 In…
Asia Pacific funds Thai potash study
Financing is in place for completion of a 2-year program aimed at delineating a potash resource at the Udon Thani concession in northeast Thailand. Asia Pacific Resources (VSE) holds a 75% interest wh…
Uranium Resources to gain from pact
Dallas,Tex.-based Uranium Resources (TSE) is in a strong position to benefit from the recently signed uranium trade agreement between the U.S Department of Commerce and the Russian government. “We bel…