GOLD FUNDS (February 21, 1994)
Gold Funds as of Feb. 16 BGR Central Net Value $16.44 $6.63 Price $15.00 $7.25 Premium 9.4% Discount 8.78% Value $92,115,000 $131,219,925…
News
PEOPLE — IGF METALS (February 21, 1994)
Patrick Cheung appointed president, chief executive officer and director; Robert Ching, Arnold da Silva and Wing Shun Leung appointed directors.
PEOPLE — ATLANTA GOLD (February 21, 1994)
Karl Rollke appointed president.
Lac recovers bodies of trapped miners
The bodies of two miners, trapped underground for more than two months at the Macassa gold mine near Kirkland Lake, Ont., have been recovered. The bodies of Robert Sheldon, 34, of Larder Lake, Ont., a…
NEWS ROUNDUP — American Bullion to explore Red Chris
American Bullion Minerals (VSE) has raised $5 million to explore and develop its Red Chris porphyry copper-gold project in northwestern British Columbia. The funds came from a brokered private placeme…
Brimstone reserve significantly higher
The proven and probable figure has just swelled at the Crofoot-Lewis open pit in northwestern Nevada. Having subjected the Brimstone deposit to further evaluation, Hycroft Resources & Development (VSE…
Kinross drills new zone at Hoyle Pond
Toronto-listed Kinross Gold may have discovered a significant new zone at its Hoyle Pond mine in Timmins, Ont. Results from the first three holes of a drill program suggest as much. The discovery occu…
Teck backs Joutel in Cuban exploration
Latin America continues to beckon Toronto-listed Teck. The major is investing $1 million in Joutel Resources (TSE), in return for which it can earn a half interest in three of the former’s Cuban prope…
OBITUARIES — Christopher Bavage, Frank van Poppel
Two executives in the Canadian drilling industry, Christopher Bavage and Frank van Poppel, died recently in an automobile accident while on business near Timmins, Ont. Bavage was vice-president and ge…
Municipalities indicate their support for mining
More than 110 municipalities across the country have adopted resolutions in support of the campaign to “Keep Mining in Canada” The Canadian Mineral Industry Federation says 26 resolutions have been pa…
Metals sub-index jumps in December
In December, the metals and minerals sub-index of the Bank of Nova Scotia’s commodity price index rose for the second straight month. Base metal prices continued to edge up in December and January, th…
THE DIAMOND PAGE — Investors await drill results from
Diamond exploration in Saskatchewan is showing no sign of letting up, as results are eagerly awaited from several drill programs. War Eagle Mining (VSE), a player in the Candle Lake joint venture, she…