EDITORIAL PAGE — Turning the tables
Canada’s Maurice Strong may not think of himself as an environmental extremist, but the $1-a-year chairman of Ontario Hydro sure has the folks at People for the West! worried. The Denver-based grassro…
News
Demand helps buoy metal prices
Physical supply, robust demand, speculation and slowly dwindling stock levels continue to underpin virgin metal prices. Producers, indicating that they see nothing to slow it down, are naturally happy…
Asia Pacific works potash deposit
Vancouver-listed Asia Pacific Resources continues to develop the Udon Thai potash deposit near Bangkok, Thailand. The junior holds a 75% interest in the 2,333-sq.-km concession, its partners being the…
Black Pine drilling extends zone
A drilling crew at the Black Pine project in east-central Idaho has delineated more than 16,000 ft. of mineralized strike length. Property owner Formation Capital (VSE) has identified 13 zones along t…
Positive feasibility study for wollastonite project
A positive feasibility study has been completed on Orleans Resources’ (ME) wollastonite property in St. Onge Twp., Que. Kilborn Tecsult of Montreal carried out the study, which incorporated the result…
Labrador find sparks Inuit interest
Management of Diamond Fields Resources (TSE) has met with representatives of the Labrador Inuit Association to discuss development plans for the company’s Voisey Bay project on that region’s northeast…
Pacific Sentinel sizes up Casino
Junior Pacific Sentinel Gold (VSE) has released a reserve figure for its Casino gold-copper deposit in south-central Yukon. The potentially open-pit deposit hosts 119.3 million minable tonnes containi…
Rio Narcea explores Spanish prospect
Recent drilling has shed new light on the geology of El Valle, a gold project in northern Spain. Toronto-listed Rio Narcea Gold Mines now believes the Northern Block and West Breccia zones are connect…
IGR advances projects in Ghana and Idaho
Toronto-listed International Gold Resources (IGR) has advanced several of its projects in West Africa and the U.S. In Ghana, the first phase of exploration drilling, totalling 40,000 ft., has wound do…
Exploration continues at Damoti Lake
At least 3,000 ft. of drilling is about to begin on the Toy gold property, north of Yellowknife, N.W.T. Gitennes Exploration (ASE) can earn a half interest from Tanqueray Resources (ASE) by spending $…
EXPLORATION ’94 — Electra to buy Aurora mine interest
Junior gold producer Electra Mining (VSE) intends to buy a half interest in the Aurora mine by year-end, thereby becoming sole owner of the Nevada operation. It will do so by buying all the shares of …
GOLD FUNDS (November 28, 1994)
BGR Central Net Value $17.68 $6.69 Price $15.00 6.625 Discount 15.13% 1.0% Value $142,527,000 $119,907,863…