Gold moves again
Hardly a few days old, the new year picked up where the old one left off. Gold fever struck investors as bullion prices broke through the US$395-per-oz. resistance level. And gold seems poised to brea…
Articles by Northern Miner Staff
TSE SHORT POSITIONS (January 10, 1994)
Semi-monthly reports as of Dec 15 showed 70,209,457 shares of 792 issues compared with 68,969,728 shares of 792 issues on Nov 30. Larger individual positions included: Aber 128,800; Agnico-Eagle 136,1…
METALS MARKETS (January 10, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date Jan. 4 Jan. 3 Dec. 31 Dec. 30 Dec. 29 Copper 1732-1733 N/A N/A 1807-1808 1799-1800 Lead N/A 468-469 N/A 486-487 472-473 Zinc N/A 996-997…
Exploration stalls near Mt. Milligan
Exploration is winding down on properties near Placer Dome’s Mt. Milligan copper-gold deposit in central British Columbia. Noranda Exploration carried out a program on the Mitzi property in June and J…
Federal panel approves Cameco mine
Production at Cameco’s (TSE) Eagle Point mine in Saskatchewan could begin as early as this summer, following approval from a federal environmental assessment panel. “All we’re waiting for now is feder…
Kalahari to drill Quebec anomaly
Deep-wedged drilling will resume in January on the St. Marcel property in the Eastern Townships area of Quebec. Earlier this year, a vertical hole was drilled to test a one-mile-wide-by-5-mile-long ma…
Partners continue Beaufor work
Bulk sampling, as well as more exploration and development, is planned for the Beaufor gold project 16 miles northeast of Val d’Or, Que. The bulk sampling, say 50-50 partners Louvem Mines (TSE) and Au…
New discovery at Petaquilla
Junior Adrian Resources (VSE) released assay results for eight holes drilled on its Petaquilla property before a break in field operations over the Christmas season. The Panamanian copper project is h…
NEWS ROUNDUP — Ecudor arranges private placement
A private placement will allow Societe Miniere Ecudor (ME) to increase to 35% its stake in the Dona Lake gold mine in northwestern Ontario. The $1-million debenture placement, which has yet to be appr…
NEWS ROUNDUP — Inco reviewing Schell Ranch
Pending a review of exploration results for the past year on the Schell Ranch property, a U.S. subsidiary of Inco (TSE) is expected to resume drilling in early 1994. The property is in Calaveras Cty.,…
NEWS IN BRIEF (January 10, 1994)
Parquet Resources (PQT:ME) has changed its name to Plexmar Resources (PLE:ME) on a 1-new-for-8-old-share basis.
Startigan plans work on Ecuadoran play
By acquiring all outstanding shares of Ecuadorian resource company Square Valley, Startigan (ASE) has assumed ownership of two gold projects in the foothills of the Andes. The Gaby property, 85 miles …