Hemlo finds gold
A new gold-bearing structure has been drilled by Hemlo Gold Mines (TSE) on the Lepine property in northwestern Quebec. The property is under option from Radisson Mining (ME). Gold is hosted within a m…
News
LAST BUT NOT LEAST — Teck to drill Fortune prospect
Toronto-listed Teck will drill a minimum 8-hole, 3,000-ft. program at the Salkeld Lake property of Fortune Minerals (CDN). The major can earn a 60% interest in the 1,033-acre property, northeast of Pi…
Spot prices at a glance (June 20, 1994)
Week’s Price (US) Change Gold* $383.50 + $1.60 Silver* $ 5.36 + $0.03 Platinum* $401.50 + $4.15 Nickel** $ 2.88 + $0.01 Lead** $ 0.24 + $0.01 Copper $ 1.08 + $0.02 Zinc $ 0.44 + $0.01 Courtesy of Scot…
TSE committee to probe corporate disclosure
The Toronto Stock Exchange has established a committee on corporate disclosure in Canada. The committee will examine possible changes to the securities legislation governing continuous disclosure by p…
AMC convention set for Phoenix
The American Mining Congress will stage its Mining Convention ’94 during Sept. 18-21 in Phoenix, Ariz. Session topics will focus on efforts to reform the Endangered Species Act, the status of “superfu…
GOLD FUNDS (June 20, 1994)
BGR Central Net Value $17.84 $6.80 Price $15.13 $7.50 Premium 10.3% Discount 15.21% Value $144,935,000 $135,744,750…
TORONTO STOCK EXCHANGE INDICES (June 20, 1994)
— 1994 — June 14 June 13 June 10 June 9 June 8 High Low Composite”300″ 4198.57 4206.76 4210.51 4196.79 4201.26 4609.93 3518.31 Metals&Minerals 3761.68 3812.76 3770.71 3703.57 3653.62 3879.59 3273.56…
Cache releases Cuvier property results
Results from two drill programs indicate significant gold mineralization occurs on the Cuvier property near Chibougamau, Que. Last winter, Cache Explorations (ME) drilled 24 holes, which was preceded …
$1.4-billion Falconbridge issue one of the largest in Canada
Strong base metal markets, particularly for nickel and copper, have helped a syndicate of underwriters float one of the largest Canadian equity issues of all time. A prospectus for almost 72 million s…
Altai expands project search
Toronto-based Altai Resources (TSE) is expanding its search for international projects. The junior already has prospects in Canada, the U.S., Guyana, Peru and Ghana — and at the recent annual meeting…
Monarch raises funds for Venezuelan gold prospects
United Kingdom-based Monarch Resources has agreed to sell 7.4 million ordinary (common) shares at $4.50 per share to raise roughly $33.4 million. Proceeds from the offering (which is not available to …
Rhand-Oxford deal quashed
An agreement between Rhand Industries (ASE) and Oxford Investment over the sale of a 70% interest in Atlantis Diamonds has been canceled by mutual agreement. “Unforeseen delays and the inability of Ox…