Loki program at Brewery Creek
This year’s exploration and predevelopment work on the Brewery Creek gold property, east of Dawson City, Y.T., is nearing completion. The 1994 program, carried out by owner Loki Gold (TSE), was design…
News
NEWS ROUNDUP — Silver Standard options Lucifer
Junior Silver Standard Resources (VSE) has an option to acquire the Lucifer property in central Mexico. The property comprises 290 hectares and is about 5 km north of the Mapimi mine, which produced s…
MSV increases revenue, earnings
Revenue and earnings were higher, but third-quarter production of 12,439 oz. gold and 3.12 million lb. copper was off slightly from the same period in 1993, MSV Resources (ME) reports. A higher copper…
Sutton resumes Guyana drilling
Drilling is nearing the halfway point of a 40,000-ft., US$1.5 million exploration program for Sutton Resources (VSE) on its Marudi concession in southern Guyana. The drill program is to confirm the re…
Darnley Bay dispute resolved
A dispute has been resolved concerning prospecting permits issued to Darnley Bay Resources by the Department of Indian Affairs and Northern Development (DIAND). A portion of Darnley Bay’s ground lies …
PEOPLE — PAN PACIFIC
William Meehan appointed president and director.
THE DIAMOND PAGE — Drill results give boost to Daivik
Partners Kennecott and Aber Resources (TSE) have received good news regarding their Daivik property in the Lac de Gras area of the Northwest Territories. Hole A154-3 returned 376 microdiamonds and 170…
STOCK MARKETS — Interest rate fears drag down TSE
Recent increases in bond yields have kept stock investors on the defensive and worried that interest-bearing investments will draw money out of equity markets. This lack of investor confidence helped …
Further drilling at Rainbow
A third phase of drilling totaling 7,000 ft. in 14 holes is under way on the Rainbow property near Kamloops, B.C. Teck (TSE) recently completed a 70% earn-in on the property and Getchell Resources (VS…
METAL PRICES (November 14, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date Nov. 8 Nov. 7 Nov. 4 Nov. 3 Nov. 2 Copper 2707-2711 2710-2711 2734-2735 2754-2755 2712-2714 Lead 667-668 668.5-669.5 672.5-673.5 674.5-6…
Spot prices at a glance (November 14, 1994)
Week’s Price (US) Change Gold* $384.35 + $0.50 Silver* $5.20 – $0.08 Platinum* $411.00 – $7.00 Nickel** $3.37 – $0.02 Lead** $0.30 $0.00 Copper $1.23 + $0.03 Zinc $0.52 + $0.02 Courtesy of Scotiabank….
TSE Short Positions (November 14, 1994)
Semi-monthly reports as of Oct 15, 1994 showed 257,344,810 shares of 878 issues compared with 240,252,804 shares of 835 issues on Sep 15, 1994. Larger individual positions included: Aber 132,740, up 3…