NEWS ROUNDUP — Bell Moly, Adanac plan merger
The rising price of molybdenum has prompted two Vancouver-listed companies — Bell Molybdenum Mines and Adanac Mining & Exploration — to amalgamate. Shareholders and regulators have yet to approve th…
News
NEWS IN BRIEF (December 19, 1994)
Goldpark Mines & Investments (GKT:TSE) has changed its name to Goldpark China on a share-for-share basis.
NEWS ROUNDUP — Dynacor uncovers new gold zone
Montreal-listed Mines Dynacor has uncovered a new near-surface gold zone at its Siscoe gold mining project near Val d’Or, Que. Lying west of the Main vein, the zone was discovered as a result of drill…
GOLD FUNDS (December 19, 1994)
Gold Funds as of Dec 12 BGR Central Net Value $16.81 $6.36 Price $13.38 6.375 Discount 20.44% Premium 0.2% Value $133,778,000 $115,383,038…
Toronto Stock Exchange Indices (December 19, 1994)
— 1994 — Dec 13 Dec 12 Dec 9 Dec 8 Dec 7 High Low Composite”300″ 4044.41 4045.09 4034.33 4046.57 4079.78 4609.93 3518.31 Metals&Minerals 3894.53 3948.92 3953.73 3960.50 4021.40 4289.04 3273.56 Integ…
Tan Range options Nigel gold mine
Alberta-listed Tan Range Exploration (ASE) has an option to buy the Nigel gold mine in South Africa’s Witwatersrand district. Up to its closure in 1991, the mine produced more than 3.3 million oz. gol…
Princeton expands Similco reserves
A drilling program has boosted the reserve base of the Similco mine project in southwestern British Columbia. Princeton Mining (TSE) says minable reserves at the Ingerbelle deposit have risen to 56.6 …
METALS MARKETS — Norilsk sends ripples through markets
Metal markets entered December on the strength of solid demand and rising prices. As the holiday season winds up, most metals are expected to settle back and consolidate recent gains while stakeholder…
Channel drilling in West Africa
Junior Channel Resources (VSE) is encouraged by drill results from its extensive land package in Burkina Faso, West Africa. Channel holds four concessions, covering 6,200 sq. km, in the region. These …
Crystallex to pour gold at Albino
The first gold pour is imminent at the Albino 1 concession in Venezuela’s Kilometre 88 district. Crystallex International (VSE) reports that the 400-ton-per-day mill is now fully operational and targe…
Ramrod resumes drilling at Damoti
Toronto-listed Consolidated Ramrod Gold has intersected coarse visible gold within high-grade intervals at the Damoti Lake property near Yellowknife, N.W.T. The discovery follows resumption of a minim…
SAGC funds work in central Chile
Toronto-listed South American Gold & Copper (SAGC) is raising US$4.1 million to expand exploration and development in South America. It is doing so by means of a private placement of 3 million shares …