Loki Gold drilling uncovers new zone
A hole drilled by Loki Gold (VSE) has returned 0.103 oz. gold per ton over 72.2 ft. and identified a near-surface zone of mineralization on the Brewery Creek project near Dawson, Y.T. The hole, drille…
News
Golden News options Mexican copper company
Golden News Resources (VSE) has the right to acquire Minera Sanex, a Mexican copper company owned 51% by private individuals and 49% by Chutine Resources (VSE). Minera Sanex owns the San Antonio group…
LAST BUT NOT LEAST…Romeo and Juliet spark interest
Sampling at the Romeo and Juliet gold zones, near Baie Verte, Nfld., has returned high-grade values for NovaGold Resources (TSE). Grab samples from the property, 1,200 metres northwest of the Pine Cov…
Minera completes optimization study at Bellavista
Minera Rayrock (TSE) has completed an “optimization” study on its Bellavista gold mine project in Costa Rica. The study involved re-evaluating the reserve potential and revising the production schedul…
Gold Funds (November 22, 1993)
Gold Funds as of Nov. 16 BGR Central Net Value $15.19 $6.07 Price $14.00 $6.75 Premium 11.2% Discount 7.84% Value $85,098,000 $122,170,275…
Financing (November 22, 1993)
Adobe Resources — 1.5 million shs @ 10 cents. Detector Resources — 1.7 million shs @ 10 cents. Grantham Resources — 1.7 million shs @ 10 cents. Lake Placid Resources — 2 million shs @ 10 cents. Pr…
Spot prices at a glance (November 22, 1993)
Week’s Price (US) Change Gold* $373.70 – $1.80 Silver* $ 4.55 + $0.02 Platinum* $375.75 – $1.00 Nickel** $ 2.08 – $0.04 Lead** $ 0.18 $0.00 Copper $ 0.73 – $0.02 Zinc $ 0.42 $0.00 Courtesy of Scotiaba…
PEOPLE — DENTONIA RESOURCES (November 22, 1993)
James McInnes appointed director. N5…
LAST BUT NOT LEAST…Tri Origin completes holes at Lewis
Three holes totaling 1,765 metres have been completed on the Lewis Ponds polymetallic property in New South Wales, Australia. And additional drilling is planned. The holes were drilled to determine th…
Greenstone set to merge with Fischer-Watt Gold
Assets of Nevada-based Fischer-Watt Gold (NASDAQ) are being acquired by a wholly owned U.S. subsidiary of Greenstone Resources (TSE). Proposed is that four issued and outstanding shares of Fischer-Wat…
NEWS ROUNDUP — Newmont mine in production
Initial production figures for the Minera Yanacocha mine in northwestern Peru have been announced. The mine is 38%-owned and managed by Newmont Mining (NYSE) and will produce about 220,000 oz. gold pe…
PEOPLE — WHEATON RIVER (November 22, 1993)
Ian McDonald appointed chairman, chief executive officer and director; V. Jufronich appointed president, chief operating officer and director; Peter Tredger appointed vice-president, finance and direc…