TSE Short Positions (February 07, 1994)
Semi-monthly reports as of Jan 15, 1994 showed 82.1 million shares of 826 issues compared with 69.1 million shares of 800 issues on Dec 31, 1993. Larger individual positions included: Aber 151,000; Ag…
News
NEWS ROUNDUP — KRL-SEG venture hits gold on Decker
Vancouver-listed KRL Resources has drilled five holes on the Decker option in the Shining Tree area of northeastern Ontario. The first hole intersected 0.47 oz. gold per ton over 7.5 ft. and 0.047 oz….
LAST BUT NOT LEAST — Armada tests Siberian gold tailings
A wholly owned subsidiary of the former Armada Gold (ASE), Trans Pacific Resources Group, is planning a drill program on a gold tailings project in southeastern Siberia. Trans Pacific controls 49% of …
Manson Creek forms Venezuelan joint venture with Athlone
Juniors Manson Creek Resources (TSE), Athlone Resources (VSE) and Ballatar Explorations (VSE) have joined forces to buy a Venezuelan exploration company, Corporacion Venzolana de Guayana (CVG). CVG ow…
NEWS ROUNDUP — Ramp driven at Dona Lake mine
At the Dona Lake gold mine, near Pickle Lake, Ont., Espalau (ME) has constructed a ramp for gaining access to the crown pillar. Since buying the mine last summer from Toronto-listed Placer Dome (throu…
Great Lakes files final prospectus
Great Lakes Resources (TSE) has filed a final prospectus relating to an offering of 17.5 million shares. At $2 per share, the company will receive proceeds of $35 million. It plans to use $9 million t…
Sutton releases Kabanga assays
Encouraging results have been released from the Kabanga nickel project in northwestern Tanzania. BHP Minerals can earn a 58% interest from Sutton Resources (VSE) by funding all exploration and develop…
COMMENTARY — Investing in precious metals
There have always been numerous compelling reasons for owning precious metals and they can be characterized as follows: * Precious metals (especially gold) have historically maintained their purchasin…
Crown options Argentine ground
A 86% owned subsidiary of Crown Resources (TSE), Solitario Resources, has an option to buy seven properties containing copper, gold and silver mineralization in the western Argentine province of Mendo…
Producer Prices (February 07, 1994)
ALUMINUM: MW U.S. market US57.50-58.50 cents per lb. (Jan. 20, 1994). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.65 per lb. (Sept. 23, 19…
Asarco income up despite price drop in copper quotes
In 1993, Asarco (NYSE) realized an average copper price of US87 cents per lb., down from US$1.04 the previous year. The New York City-based company received an average of US20 cents per lb. for lead, …
Geologists study Purcell Basin
Details have been made available of a geological symposium held in Whitefish, Mont. last summer. More than 100 geologists convened at the northwestern lake resort to share information on exploration o…