NEWS ROUNDUP — Golden Rule funds work at Komis
Junior Golden Rule Resources (TSE) will provide additional financing to Waddy Lake Resources (TSE) so it can explore and develop its Komis gold deposit in Saskatchewan. Golden Rule will advance up to …
News
NEWS ROUNDUP — Etruscan finishes reorganization
Junior Etruscan Enterprises (VSE) has reorganized. It has transfered to a new exploration company its interests in the Theirry copper-nickel mine, near Pickle Lake, Ont., and the Hackett River polymet…
NEWS ROUNDUP — Madsen expands Red Lake holdings
Two claim blocks north and west of its 169-claim property near Red Lake, Ont., have been acquired by Madsen Gold (TSE). The property holds the past-producing Madsen gold mine. Madsen bought the 57-cla…
Charlim raises drilling funds
Junior Charlim Explorations (VSE) has raised $495,000 in a flow-through financing. The Montreal-based company will spend 75% of the funds drilling its gold project on the Wrightbar property near Val d…
Investing in Latin America
The Canadian Council for the Americas (CCA) will host a 2-day conference Feb. 10-11 in Toronto on investing in Latin America. The conference is titled “Mining Investment in Latin America: A view from …
DIAMOND PAGE — Ashton uncovers small kimberlite body in
A small kimberlite body in the Crystal Falls area of southwestern Michigan has been uncovered by Ashton Mining of Canada (TSE). The company has a 51% interest in the project. President David Hurburgh …
Raymor raises project funding
Proceeds from a $250,000 private placement will be used for exploration and definition drilling of a La Motte Twp. lithium property northwest of Val d’Or, Que. Raymor Resources (ASE) says previous wor…
Altai buys stake in gas permits
Toronto-based Altai Resources (TSE) has acquired interests in four permits in the Lac St. Pierre natural gas and gas storage joint venture, east of Montreal, Que. A 71% interest in three permits total…
Armistice, Dynatec settle
Toronto-based Armistice Resources (ME) and its principal creditor have announced a settlement to their legal differences. Dynatec Mining, which was owed more than $2.1 million, will receive $450,000, …
STOCK MARKETS — Gold price stalls; TSE 300 index in slide
Gold, which seems to be having trouble cracking the US$400-per-oz. mark, pulled back this week. Entering our report period at better than US$390, the yellow metal was sitting at US$381 in London at pr…
Spot prices at a glance (January 31, 1994)
Week’s Price (US) Change Gold* $381.00 – $11.70 Silver* $ 5.08 – $0.24 Platinum* $380.60 – $12.90 Nickel** $ 2.59 – $0.04 Lead** $ 0.23 $0.00 Copper $ 0.83 – $0.02 Zinc $ 0.45 – $0.01 Courtesy of Scot…
Correction (January 31, 1994)
The substantial liabilities attributed to Milner Consolidated Silver Mines (ASE) (T.N.M., Jan. 17/94) were incorrect. Milner has a working capital of $1.7 million and Minerales de Copan S.A. de C.V. h…