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 …
News
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…
FACTS & FIGURES — Peru’s growing mining sector
The mining sector of Peru now represents 11% of the country’s gross national product and more than 40% of legal exports; directly and indirectly, it supports some 10% of the population. It is virtuall…
Correction (November 14, 1994)
The chief executive officer of Kinross Gold, Robert Buchan, will speak at the Thursday, Nov. 17, luncheon of the Toronto branch of the Canadian Institute of Mining, Metallurgy and Petroleum. An incorr…
Orvana teams with MK Gold
Toronto-listed Orvana Minerals recently acquired a half interest in a gold-copper project in Kyrgyzstan. Orvana will spend US$500,000 exploring two concession areas, as will joint-venture partner MK G…
Greenstone in Honduras
Toronto-listed Greenstone Resources has opted to buy a 51% stake in the private Honduran company that controls the San Andres gold project in western Honduras. As consideration, Greenstone will issue …