Noranda to drill Abcourt property
Following the discovery of two massive sulphide zones earlier this summer, Abcourt Mines (ME) and the exploration division of Noranda (TSE) intend to drill three deep holes on Abcourt’s McKenzie base …
News
Negotiating an overseas property agreement (1)
This 2-part article describes the principal elements of the standard mineral option and joint-venture agreement used in Canada and the U.S., and highlights some points of misunderstanding that can ari…
PEOPLE — THERMAL ENERGY INT’L
A. Roy appointed chief operating officer and vice-president of engineering & construction; R. Young appointed vice-president of sales and marketing.
Pangea calculates Fenn-Gib resource
Toronto-listed Pangea Goldfields has calculated a drill-indicated geological resource of 939,978 oz. gold at its Fenn-Gib property near Matheson, Ont. The resource, based on 87,000 ft. of drilling, is…
Spot prices at a glance (January 02, 1995)
Week’s Price (US) Change Gold* $381.80 – $0.70 Silver* $4.81 – $0.02 Platinum* $416.00 – $1.50 Nickel** $3.89 + $0.11 Lead** $0.29 $0.00 Copper $1.36 + $0.02 Zinc $0.51 + $0.01 Courtesy of Scotiabank….
STOCK MARKETS — TSE stages pre-Christmas rally
A pre-Christmas rally enabled the Toronto Stock Exchange to post a modest gain over the 3-day report period ended Dec. 27 (Canadian markets were closed on Dec. 26 and 27). The composite 300 index rose…
STOCK MARKETS — Murgor leads as western markets stage
With the bugaboo of tax-loss selling now past, western markets managed to rebound during the holiday-shortened period ended Dec. 27, 1994. The Vancouver Stock Exchange composite index added 22 points …
GOLD FUNDS (January 02, 1995)
Gold Funds as of Dec 26 BGR Central Net Value $17.04 $6.56 Price $13.75 $6.625 Discount 19.29% Premium 1% Value $134,772,000 $119,907,863…
Cdn. Reserve options platinum play in Ontario
Junior Canadian Reserve Gold (VSE) can earn a half interest in a 44-claim Tib Lake platinum property, 16 km west of North American Palladium’s (TSE) Roby zone. As consideration, Canadian Reserve will …
1994: A LOOK BACK — The events that led to . . .The making
Dominating mining news this past year was the dramatic battle for control of Lac Minerals which, until recently, was one of Canada’s — and the world’s — leading gold producers. The suspense-filled s…
Pandora expands Monterde ground
Partners Pandora Industries (VSE) and Mill City Gold (VSE) have added 720 acres to their Monterde mine property in Mexico’s Chihuahua state. The new ground covers the possible strike extension of gold…
NEWS IN BRIEF (January 02, 1995)
American Reserve Mining (AMI:VSE) has changed its name to AMI Resources (AMU:VSE) on a 1-new-for-16-old-share basis.