NEWS ROUNDUP — Madsen expands Red Lake holdings
Two claim blocks north and west of its 169-claim property near Red Lake, Ont., have been acquired by Madsen Gold (TSE). The property holds the past-producing Madsen gold mine. Madsen bought the 57-cla…
News
Charlim raises drilling funds
Junior Charlim Explorations (VSE) has raised $495,000 in a flow-through financing. The Montreal-based company will spend 75% of the funds drilling its gold project on the Wrightbar property near Val d…
Vengold acquiring Mt. Kare stake
An agreement with an Australian mining company, Ramsgate Resources, sets the stage for Venezuelan Goldfields (TSE) to acquire up to 64% of the hardrock rights of the Mt. Kare gold property in Papua Ne…
EDITORIAL PAGE — Grave influence
That infamous Filipino couple, the Marcoses, held quite different views on investments. Wife Imelda’s portfolio was weighted heavily towards shoes (investment-grade, we’re sure; she reportedly stuffed…
EDITORIAL PAGE — Parliamentary gridlock
The nature of the debate in the House of Commons (we use the term “debate” loosely) during the first week of the new Parliament was not encouraging. For those of us concerned about Canada’s economic w…
COMMENTARY — Nuclear industry expectations
Since 1990, the demand for new nuclear capacity in Canada has diminished as a result of the economic recession, and heightened energy conservation by industry and consumers. Major utilities such as On…
Assessment work allocation changes proposed
If proposed changes to Ontario’s Mining Act become law, claim-stakers with small blocks of ground will gain an advantage and those who stake large blocks will lose one. Exploration expenses on a block…
Investing in Latin America
The Canadian Council for the Americas (CCA) will host a 2-day conference Feb. 10-11 in Toronto on investing in Latin America. The conference is titled “Mining Investment in Latin America: A view from …
Altai buys stake in gas permits
Toronto-based Altai Resources (TSE) has acquired interests in four permits in the Lac St. Pierre natural gas and gas storage joint venture, east of Montreal, Que. A 71% interest in three permits total…
DIAMOND PAGE — Ashton uncovers small kimberlite body in
A small kimberlite body in the Crystal Falls area of southwestern Michigan has been uncovered by Ashton Mining of Canada (TSE). The company has a 51% interest in the project. President David Hurburgh …
STOCK MARKETS — Gold price stalls; TSE 300 index in slide
Gold, which seems to be having trouble cracking the US$400-per-oz. mark, pulled back this week. Entering our report period at better than US$390, the yellow metal was sitting at US$381 in London at pr…
Spot prices at a glance (January 31, 1994)
Week’s Price (US) Change Gold* $381.00 – $11.70 Silver* $ 5.08 – $0.24 Platinum* $380.60 – $12.90 Nickel** $ 2.59 – $0.04 Lead** $ 0.23 $0.00 Copper $ 0.83 – $0.02 Zinc $ 0.45 – $0.01 Courtesy of Scot…