Miramar lands Con funding
VSE-listed Miramar Mining has secured funding for its purchase of the Con mine in Yellowknife, N.W.T. Sprott Securities and Yorkton Securities agreed to buy, through a bought deal, 11.25 million speci…
Articles by Northern Miner Staff
NEWS ROUNDUP — Tulsequah drilling under way
Underground drilling is in progress with two rigs at the Tulsequah Chief property in northwestern British Columbia. Owner Redfern Resources (TSE) expects to complete about 25,000 ft. of definition dri…
Deep hole to probe Geco potential
In what is probably the deepest hole ever commissioned by Noranda (TSE), a diamond drill will probe the Manitouwadge Synform to a depth of 8,000 ft. in a long-shot bid to extend the productive life of…
NEWS ROUNDUP — Vengold adds to land position
Several recent agreements are expected to increase Venezuelan Goldfields (VSE) exposure to mining concessions in Venezuela. The company intends to subscribe for two million units of Consolidated Cassa…
Mexican mine may be re-opened
The silver-zinc-lead mine of Minera Real de Angeles in the Mexican state of Zacatecas is expected to be re-opened in the near future, Mexican sources say. The mine was closed in April, but higher silv…
St Andrew acquires Goldpost properties
Junior gold producer St Andrew Goldfields (TSE) has acquired three properties near Matheson, Ont., from Goldpost Resources (TSE). The Hislop East, Holcorp and Valliere properties were acquired in exch…
Spot prices at a glance (August 09, 1993)
Weeks Price (US) Change Gold* $400.65 + $8.85 Silver* $ 5.29 + $0.22 Platinum* $417.75 + $12.15 Nickel** $ 2.22 – $0.02 Lead** $ 0.18 $0.00 Copper $ 0.88 $0.00 Zinc $ 0.42 $0.00 Courtesy of Scotiabank…
METAL PRICES — FREE MARKET (August 09, 1993)
London Metal Exchange Spot closing prices in $US per tonne Date Aug. 3 Aug. 2 July 30 July 29 July 28 Copper 1946-1947 1960-1961 1971-1972 1960-1962 1954-1955 Lead 390-392 390-391 391-392 392-393 394-…
ODDS ‘N’SODS — Airplanes and prospecting (2)
Airplanes and prospectors were to form an interesting new bond following the Second World War. The U.S. had developed an airborne system for finding submerged German U-boats, which detected the magnet…
METAL MARKETS — Precious metals buoy summer markets
Bull market news continued to buoy precious metals markets as prices maintained the upward surge which began in March. Analysts have proposed a host of reasons for the prolonged advance, but most of t…
FINANCING (August 09, 1993)
Kettle River Resources Ltd. Private placement of 75,000 units @ $16.00 and each unit consists of sh and wt. Aztec Resources Ltd. 1,400,000 shs @ $2.90. Exall Resources Ltd. 3,720,000 units @ $1.50 per…
GOLD FUNDS (August 09, 1993)
BGR Central Net Value $14.40 $6.46 Price $13.25 $7.125 Discount 7.97% 10.3% Value $80,648,000 $128,957,513…