PEOPLE — CONS. RAMROD
Robert Atkinson, Eduardo Granda and David Jackson appointed directors.
News
Obituary — Sherwin Kelly
A member of the British Columbia and Yukon Chamber of Mines and the first person to be named a “Fellow of the British Columbia Chamber of Commerce,” Sherwin Kelly died recently. He was 99. A native of…
Gold Funds (November 14, 1994)
BGR Central Net Value $18.25 $6.67 Price $15.00 $6.750 Premium 1.2% Discount 17.79% Value $148,072,000 $122,170,275…
STOCK MARKETS — Low indexes cancel out near-record earnings
Year-to-date financings on the Vancouver Stock Exchange reached $1.1 billion, the highest level since the bull market of 1987, which raised $1.4 billion. Both the composite and resource indexes reache…
Hecla mine closure
In early 1995, Hecla Mining (NYSE) will phase out its gold mining operations in the Republic district of Washington state. Exploration at the mine site during the past four years failed to extend rese…
First Silver eyes Mexican properties
Junior First Silver Resources (VSE) intends to earn a half interest from Agincourt Explorations (VSE) in three silver-zinc properties in Mexico’s Sonora state. The properties consist of 18 concessions…
New World on hold
Development of the New World gold project in Montana has been delayed by state and federal authorities. The Montana Department of State Lands and the U.S. Forestry Service told operator Crown Butte Re…
Barrick signs agreements in China
Although Canada’s historic trade mission in China has focused on so-called “high technology” enterprises, attention may now be shifting to one of this country’s more traditional industries — mining. …
American Bullion drills Red Chris
Drilling continues to expand copper-gold reserves at the Red Chris porphyry deposit, south of Dease Lake in northwestern British Columbia. American Bullion Minerals (VSE) holds an 80% interest and Tec…
Government funds for Satterly lab
A geological laboratory at the Royal Ontario Museum in Toronto will receive $160,000 from the provincial government to continue its research in the age-dating of rocks and minerals. The Jack Satterly …
Noranda to drill Aurizon prospect
In Quebec’s Louvicourt Twp., Noranda Exploration will drill-test a base metal prospect belonging to Aurizon Mines (TSE). The 900-metre program is part of a program which will see Noranda spend $2.4 mi…
Teck purchases Powderhorn play
A wholly owned subsidiary of Teck (TSE) has acquired the Powderhorn titanium project near Gunnison, Colo. With its estimated reserve of 450 million tonnes grading 11.5% titanium dioxide, the Powderhor…