IN BRIEF — Tanqueray acquires Montana property
Tanqueray Resources (ASE) has acquired the mineral rights to a 2,000-acre garnet property in Montana. Preliminary geological studies have established a resource of more than 250,000 tons of salable al…
News
Teck discovery enhances Williston Lake project
Toronto-listed Teck has intersected a zone of stratabound zinc and lead mineralization at the Driftpile property in the Williston Lake area of eastern British Columbia. Ten holes from the 13-hole summ…
Newhawk drilling tests Gossan Hill
Toronto-listed Newhawk Gold Mines has returned high-grade gold values from several targets on its Sulphurets property, north of Stewart, B.C. So far, 25 holes totaling 10,600 ft. have been drilled on …
LETTERS TO THE EDITOR — The difficulty of pricing a stock
Regarding the letter “Beware of pessimists, investors warned” (T.N.M., Sept. 6/93), certain comments were made by the author which warrant a response. It is clear from the comments and numbers that Wa…
METAL PRICES — FREE MARKET (October 18, 1993)
London Metal Exchange Spot closing prices in $US per tonne Date Oct. 12 Oct. 11 Oct. 8 Oct. 7 Oct. 6 Copper 1679-1680 1684-1685 1673-1674 1674-1675 1672-1673 Lead 399-400 374-375 370-371 365-366 360-3…
Task force to review OSC’s policy-making powers
Ontario’s Ministry of Finance and the Ontario Securities Commission (OSC) are setting up a joint task force to review the OSC’s policy-making powers. The task force, which will consult with interested…
Kinross acquires Falconbridge Gold
Toronto-listed junior Kinross Gold (TSE) has completed the previously announced purchase of 8.2 million shares and a $7.4-million convertible debenture of Falconbridge Gold (TSE) from Falconbridge for…
Ottarasko nets gold and silver
A bulk sample has netted Ottarasko Mines 365 oz. gold and 156 oz. silver. The company mined 190 tons from its Mt. Skinner gold project, 120 miles west of Williams Lake, B.C. The low-sulphide quartz or…
COMMENTARY — Watch those geo-political risks
Gold’s role as a reliable store of value can be important at times of political or economic uncertainty. This applies not only to Western investors but, more importantly, to the populations of countri…
STOCK MARKETS — Gold and diamonds add lustre to markets
Though not a good week for the base metal miners, our report week was far kinder to the gold and diamond stocks. For example, gold bullion posted a very solid move after drifting sideways for quite so…
PRODUCER PRICES (October 18, 1993)
ALUMINUM: MW U.S. market US51.50-52.50 cents per lb. (Sept. 30, 1993). 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, 1…
PEOPLE — COEUR D’ALENE (October 11, 1993)
Jeffrey Grade appointed director.