New drill results from Bell Allard South
Further surface drilling by Noranda Exploration, a unit of Noranda (TSE), on its Bell Allard South property near Matagami, Que., has encountered additional base metal mineralization. To date, a massiv…
News
Spot prices at a glance (September 20, 1993)
Week’s Price (US) Change Gold* $345.25 – $7.00 Silver* $ 4.04 – $0.22 Platinum* $353.00 – $3.50 Nickel** $ 2.00 – $0.03 Lead** $ 0.17 – $0.01 Copper $ 0.87 – $0.03 Zinc $ 0.40 $0.00 Courtesy of Scotia…
Rio, Exxon team up in Wisconsin
Toronto-based major Rio Algom (TSE) and an Exxon Corp. subsidiary have joined forces to advance permitting of a 30-million-ton classic massive sulphide deposit in the north-central U.S. The deposit, n…
Amcorp options bet
With a letter of intent to earn a half interest in the Montana Mountain property near Carcross, Y.T., Amcorp Industries (VSE) expects to begin a minimum 5-hole drilling program shortly. Amcorp can ear…
Investing in Cuba — Special to The Northern Miner
Investment opportunities worldwide are so great that businesses can afford to be selective about where to invest their capital. Cuba, however, is not the most desirable investment target, according to…
Anglo planning new gold mine
The new Moab gold mine in South Africa is expected to produce 293 tons of bullion annually, Anglo American’s gold division chairman said recently in Cape Town. Clem Sunter told an investment conferenc…
TSE Short Positions (September 20, 1993)
Semi-monthly reports as of Aug 31, showed 75,759,200 shares of 729 issues compared with 73,606,340 shares of 740 issues on Aug 15. Larger individual positions included: Aber 123,500; Agnico-Eagle 56,9…
Goldpost, Antares amalgamation
Shareholders have approved an amalgamation between Goldpost Resources (TSE) and Antares Mining & Exploration. The new company is also called Antares Mining & Exploration. Goldpost shareholders will re…
Gold Funds (September 20, 1993)
Gold Funds as of Sept. 14 BGR Central Net Value $12.93 $5.72 Price $10.38 $6.125 Discount 19.79% 7.1% Value $72,449,000 $110,858,213…
EXPLORING FOR DIAMONDS AND THE NORTH — Aber program tests
With copper mineralization outcropping on surface and a spectacular gossan visible by air, it is easy to see how Kennecott geologists discovered the High Lake deposits with relative ease back in 1955….
Alaska files suit against U.S. govt.
The state of Alaska filed a US$29-billion lawsuit this summer against the U.S. government to compensate for revenue it claims it has lost by Washington’s closing of mineral-rich federal land. The fede…
Exall banking on small-scale mine for cash
Small-scale production on an alluvial gold deposit on the Yaqui River in Sonora, Mexico, is under way, Exall Resources (TSE) reports. The company has stockpiled 45,000 cu. metres of mineralized gravel…