Positive results at Cross mine
Drilling and channel sampling are continuing at Hendricks Minerals’ (CDN) Cross gold-silver mine near Boulder, Colo. Two undeground and four surface holes have been drilled to test the downdip extensi…
Articles by Northern Miner Staff
COMMENTARY — Mining opportunities abroad
During the past five years, government policies have made it increasingly unattractive for mining companies to explore for and develop deposits in Canada, according to a brokerage firm based in the Un…
OBITUARY — Douglas MacIntyre
The town of Kirkland Lake, Ontario is mourning the death of a valued member of the community. Douglas MacIntyre, president of Alex MacIntyre and Associates Ltd., died at the age of 41 years as a resul…
Inco debenture offering grows
The size of a debenture offering (T.N.M., June 27/94) being made by Inco (TSE) in the U.S. has grown to US$172.5 million from US$150 million. Underwriter Morgan Stanley has exercised its option to buy…
TORONTO STOCK EXCHANGE INDCES
— 1994 — Jul 12 Jul 11 Jul 8 Jul 7 Jul 6 High Low Composite”300″ 4131.72 4103.94 4098.98 4079.87 4043.37 4609.93 3518.31 TSE 100 Index 249.83 248.21 247.96 246.78 244.28 277.47 238.43 Metals&Mineral…
Blue Emerald gets B.C. opal property
A Toronto-based junior has acquired a 108-claim opal property in the Vernon area of British Columbia. In return, Blue Emerald Resources (VSE) must issue the vendors 100,000 shares and pay $60,000 cash…
Two miners killed at Eagle Point
Two miners were killed at the Eagle Point uranium mine in northern Saskatchewan when a large piece of rock fell off the side wall. Project operator Cameco (TSE) closed the underground area pending an …
DIAMOND PAGE — NorthernEra merger on hold pending Tli Kwi
Commercial production of silica is under way at the property of Ressources Temisca (ME) in St-Bruno-de-Guigues, Que. President Gilles Fiset says his company has a plant on site with annual capacity of…
Inquest recommends change in Macassa mining method
Governments and the mining industry should consider providing miners with special locating devices, a coroner’s jury has recommended. The jury conducted an inquest at Kirkland Lake, Ont., after miners…
NEWS IN BRIEF (July 18, 1994)
Golden Sky Resources (GLF:VSE) has changed its name to Golden Sky International on a share-for-share basis.
Spot prices at a glance (July 18, 1994)
Week’s Price (US) Change Gold* $384.85 $0.90 Silver* $405.22 $0.10 Platinum* $407.75 + $0.25 Nickel** $402.84 + $0.07 Lead** $400.27 + $0.01 Copper $401.10 $0.02 Zinc $400.44 + $0.01 Courtesy of Scoti…
GOLD FUNDS (July 18, 1994)
Gold Funds as of July 11 BGR Central Net Value $17.00 $6.80 Price $15.50 $7.25 Premium 6.6% Discount 8.82% Value $138,122,000 $131,219,925…