VenCan, Chesbar merge certain assets
Juniors VenCan Gold (ME) and Chesbar Resources (TSE) intend to merge their Venezuelan interests into a new entity. Shareholders will receive half of the shares in the new entity. This new company will…
Articles by Northern Miner Staff
LAST BUT NOT LEASE — La Teko active in Alaska
Drill results from the True North property in Alaska continue to provide encouragement. La Teko Resources (VSE) reports that proven and probable reserves stand at 120,000 oz. It is hoped that, by the …
Casino prefeasibility set for year-end
Infill and stepout drilling on the Casino gold-copper-molybdenum property in the southwestern Yukon is now finished. During this year’s program, Pacific Sentinel Gold (VSE) carried out 55,119 ft. of l…
Hemlo Gold’s earnings increase
Increased gold production, a higher gold price and a weaker Canadian dollar all enabled Hemlo Gold Mines (TSE) to increase earnings to $38.1 million (or 39 cents a share) for the first half of 1994 fr…
Central Crude raises funding
A private placement of 6 million special warrants has raised $9.3 million for Central Crude (TSE). The company, which is changing its name to River Gold Mines, intends to use most of the proceeds to d…
Aur buying majority stake in Canada Tungsten
With a view to expanding its mining portfolio, junior gold producer Aur Resources has arranged to buy 48.3% (or 14.4 million shares) of Canada Tungsten (TSE) from Cyprus Amax Minerals (NYSE). Cyprus e…
NEWS ROUNDUP — Firesteel drills ZO
Drilling is under way on the ZO property in northwestern British Columbia. Owner Firesteel Resources (VSE) plans to drill 10 holes to test a shear zone measuring at least 360 metres long and up to 15 …
PEOPLE — NORCAN (August 01, 1994)
Michael Zuber appointed president and director; William Pettigrew, Chet Idziszek, Basil Pantages, Arthur Luney, Dustin Elford and Arnold Wolfe appointed directors.
PEOPLE — TOPAZ (August 01, 1994)
Donald Foran and S. Gilmour appointed directors.
Spot prices at a glance (August 01, 1994)
Week’s Price (US) Change Gold* $387.00 + $0.60 Silver* $ 5.32 $0.00 Platinum* $423.00 + $9.15 Nickel** $ 2.77 – $0.12 Lead** $ 0.26 – $0.01 Copper $ 1.09 – $0.07 Zinc $ 0.43 – $0.02 Courtesy of Scotia…
METAL PRICES — FREE MARKET (August 01, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date July 26 July 25 July 22 June 21 July 20 Copper 2479-2480 2520-2522 2506.5-2507.5 2531-2532 2533-2534 Lead 576.5-577.5 583-584 575.5-576….
Int’l Gold sells U.S. properties
To focus exploration efforts outside of North America, International Gold Resources (TSE) is selling its two advanced projects in Idaho. At the Humbug property, a “geological resource” of 27 million t…