Nebex draws up plans to drill five properties
Alberta-listed Nebex Resources plans to carry out drilling on three gold properties in Yellowknife, N.W.T., and on two gold and base metal properties in New Brunswick. Near Yellowknife, Lac Minerals (…
News
Hol-Lac drills Carissa gold mine in Wyoming
Results are in hand for three holes drilled by Hol-Lac Gold Mines (CDN) on its Carissa gold mine property in South Pass City, Wyo. Hole 94-1, drilled below the fifth level at the mine to a depth of 66…
Metal Prices (September 26, 1994)
London Metal Exchange Spot closing prices in $US per tonne…
Haddington exploring near Timmins
Vancouver-listed Haddington Resources (VSE) intends to carry out a private placement of 500,000 units with Prime Equities International (VSE). Each unit, priced at 60 cents, will consist of one Haddin…
PRODUCER PRICES (September 26, 1994)
ALUMINUM: MW U.S. market US75.25-76.25 cents per lb. (Sept. 8, 1994). ANTIMONY: MW New York dealer US$2.35-2.50 per lb. (July 21, 1994). BISMUTH: MW New York dealer US$3.75-4.25 per lb. (July 28, 1993…
Spot prices at a glance (September 26, 1994)
Week’s Price (US) Change Gold* $394.80 + $4.40 Silver* $ 5.67 + $0.21 Platinum* $420.00 + $3.25 Nickel** $ 2.92 – $0.02 Lead** $ 0.28 $0.00 Copper $ 1.14 + $0.01 Zinc $ 0.45 + $0.01 Courtesy of Scotia…
Gold Funds (September 26, 1994)
BGR Central Net Value $17.84 $6.76 Price $15.88 $7.25 Premium 7.2 Discount 11.03% Value $144,975,000 $131,219,925…
Ivan mine operating in Chile
Toronto-based Minera Rayrock (TSE) is the latest Canadian company to produce copper in Chile. The Ivan mine, 40 km northeast of Antofagasta, is operating at about 50% capacity and is expected to reach…
Denison rejects share redemption
The board of directors of former uranium producer Denison Mines (TSE) has determined that it cannot redeem (as of Sept. 15) any of its Series B preferred shares and that no payment will be made at thi…
Petroleum the mainstay of Venezuelan economy
The gold industry may be the next mineral sector to give Venezuela a boost, the South American country’s economy having been driven for many years by petroleum exports. Mainly because of its oil and g…
MSV again boosts reserves
As a result of a $5.2-million exploration program, MSV Resources (TSE) has once again increased reserves at its Chibougamau operations in northern Quebec. The Portage and Copper Rand mines have a comb…
venezuelan nickel deposit at the feasibility stage
A feasibility study is nearing completion for the Loma de Hierro nickel laterite deposit, 50 km southwest of Caracas, Venezuela. About a year ago, Jordex Resources (TSE) signed an agreement allowing A…