NEWS IN BRIEF (April 03, 1995)
Chiboug Copper has changed its name to Guyana Goldfields on a 1-new-for-4-old-share basis.
News
Virginiatown play taking shape for Armistice
Drill results from its gold property in Virginiatown, Ont., are lending encouragement to Armistice Resources (ME). Definition drilling on the 185N zone, at a depth of 1,990 ft. below surface, indicate…
Investment Commentary — Falco’s earnings potential makes it
With development plans proceeding at two projects and growth in earnings expected for 1995, Falconbridge (TSE) should have an excellent year, says First Marathon Securities. Mining analyst John Lydall…
Spot prices at a glance (April 03, 1995)
Week’s Price (US) Change Gold* $383.00 + $1.60 Silver* $4.73 + $0.15 Platinum* $420.90 + $8.65 Nickel** $3.41 + $0.05 Lead** $0.27 $0.00 Copper $1.33 – $0.01 Zinc $0.45 – $0.02 Courtesy of Scotiabank….
Insider Trading — Trillion officers active
Two senior officers of Trillion Resources (TSE) completed share transactions in January. According to the Ontario Securities Commission’s OSC Bulletin, senior officer John Barclay was granted 30,000 o…
LETTERS TO THE EDITOR — Keep mining in Canada, but at what
The vast majority of workers in the mining industry, myself included, agree that the taxation of mines should be competitive with the rest of the world. But in other parts of the world, what are the c…
Royalstar drilling Honduran project
A first phase of drilling is being completed by Royalstar Resources (VSE) at the Clavo Rico gold concession in southern Honduras. Royalstar recently sampled sheared and brecciated andesite volcanic ro…
Odds ‘n’ Sods — Block carving at Helen
The first “block carving” at the Helen mine of Algoma Steel was in a block of siderite ore measuring 500 ft. long, 250 ft. wide and 300 ft. high. Situated under an open-pit floor, the block contained …
EDITORIAL PAGE — GSC move a few rocks short
Federal Mines Minister Anne McLellan was recently taken to task in the House of Commons by Lee Morrison, the Reform Party’s mining critic. The minister was questioned about a proposal to relocate the …
Initial output at Louvicourt
Initial production figures have been released by Aur Resources (TSE) for its Louvicourt polymetallic mine, along with exploration results from the nearby AurBel gold property. At Louvicourt, situated …
Toronto Stock Exchange Indices (April 03, 1995)
— 1995 — Mar 28 Mar 27 Mar 24 Mar 23 Mar 22 High Low Composite”300″ 4299.72 4307.93 4317.10 4290.42 4263.18 4317.40 3983.34 Metals&Minerals 4116.09 4108.94 4131.01 4095.87 4049.57 4337.89 3273.56 In…
Focus on gold and diamonds at pair of Aussie conferences
Plenty of Canadian content was evident at two major mining industry conferences, the Australian Gold Conference in Kalgoorlie and the World Diamond Conference in Perth. Several speakers at the gold co…