GOLD FUNDS (January 30, 1995)
BGR Central Net Value $16.87 $6.74 Price $13.38 $6.875 Discount 20.71% Premium 2% Value $132,625,000 $124,432,688…
News
Labrador find fails to rouse western markets
The Vancouver Stock Exchange indexes continued on a downward trend over the report period ended Jan. 24, with the exception of the resource index which gained 1.28 points to finish at 1,189.48. As for…
B.C. gov’t slams door on Kemano
Resource projects have long been the engine of British Columbia’s economy, but that may change if high-profile investments in this sector continue to be quashed by the province’s political leaders. Re…
Musto work progressing at Bajo de la Alumbrera
Development of the Bajo de la Alumbrera copper-gold deposit in northwestern Argentina continues to proceed on schedule. The project is a 50-50 joint venture between International Musto Explorations (T…
Fort Knox drill program tests Ontario property
A recent drill program by Fort Knox Gold Resources (TSE) has intersected additional sulphide mineralization at the company’s base metal property in Ontario’s Fawcett Twp. In one program, two short hol…
DIAMOND NEWS ROUNDUP — Bulk sample results in from Kahama
Results were released by Serengeti Diamonds (VSE) from a 300-tonne bulk-sampling program on the southern portion of the company’s mining claims at Kahama, Tanzania. The Toronto-based junior is earning…
Study calls for for production at Nixon Fork
An updated feasibility study gives the thumbs-up to the Nixon Fork gold project in west-central Alaska. Consisting of a 60,000-oz.-per-year underground mine and a gravity-flotation mill, Nixon Fork is…
NEWS ROUNDUP — Pathfinder jumps for Joy
In addition to acquiring a listing on the Vancouver Stock Exchange, Pathfinder Resources has begun exploring the Joy copper-zinc property near Red Lake, Ont. The junior can earn a 25% stake in the pro…
Aussie official stops in Cuba for discussions
Australian Foreign Minister Gareth Evans recently visited Cuba for talks with President Fidel Castro and other government officials on a lucrative nickel-mining deal and on other prospects for investm…
VenCan options Honduran concessions
In a deal reached with a Honduran company, VenCan Gold (ME) can acquire four concessions hosting gold and silver mineralization. The junior can do so by acquiring all the outstanding shares of Compani…
Spot prices at a glance (January 30, 1995)
Week’s Price (US) Change Gold* $381.70 – $0.30 Silver* $4.81 – $0.09 Platinum* $417.90 – $0.35 Nickel** $4.68 + $0.22 Lead** $0.31 + $0.01 Copper $1.39 + $0.01 Zinc $0.54 $0.00 Courtesy of Scotiabank….
Summo sizes up Lisbon Valley
A feasibility study is under way on the Lisbon Valley copper project in southeastern Utah. Summo Minerals (VSE) has enlisted Salt Lake City-based Roberts & Schaefer to determine the economics of an op…