Goldbrook focuses on Big Mac zone
To cover fully an area of intense hydrothermal alteration, Goldbrook Explorations (ASE) has acquired an additional 12 units adjoining its Onaman River base metal property. The property, north of Beard…
News
METAL PRICES (January 31, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date Jan. 25 Jan. 24 Jan. 21 Jan. 20 Jan. 19 Copper 1858-1859 1846-1847 1842-1843 1859-1860 1863-1887 Lead 506-508 504-505 508-509 508-509 49…
STOCK MARKETS — Golds remain active despite drop in price
Gold’s more-than-US$10-per-oz. drop during the period ended Jan. 25 had Western markets backtracking. The Vancouver Stock Exchange resource index lost more than 50 points to close at 1,722.22, while t…
TORONTO STOCK EXCHANGE INDICES (January 31, 1994)
— 1994 — Jan 25 Jan 24 Jan 21 Jan 20 Jan 19 High Low Composite”300″ 4456.21 4465.80 4501.94 4542.38 4562.90 4574.32 4286.54 Metals&Minerals 3625.50 3613.25 3619.51 3717.27 3726.96 3742.06 3495.59 In…
Tri Origin drills at Lewis Ponds
Drills are turning in a major program on the Lewis Ponds project in New South Wales, Australia. Using two rigs, Tri Origin Exploration (TSE) is drilling 10,000 metres. The company hopes to define new …
Gulf lands tailings in Tajikistan
Following up last year’s acquisition of interests in hard-rock properties in Tajikistan, Gulf International Minerals (VSE) has signed a joint venture covering a placer gold tailings project in the cou…
LATIN AMERICA ROUNDUP — Joutel starts Cuban exploration
The ink has just dried on three contracts which will enable Joutel Resources (TSE) to start preliminary exploration on its Cuban properties. The company plans to complete two airborne geophysical surv…
Pacific Rim program testing previously drilled Oculto zone
The first of a 5-hole program on the Diablillos project in Argentina has returned an encouraging intersection. Pacific Rim Mining (VSE) reports a 326-ft. interval grading 0.12 oz. gold and 25.6 oz. si…
Sherritt plans share issue
Nickel refiner Sherritt (TSE) will raise $194 million by issuing 18.5 million shares, on a bought-deal basis, at $11 each. The agreement, scheduled to be completed Feb. 10, is subject to regulatory ap…
LATIN AMERICA ROUNDUP — Atna to buy Cumbre gold
Junior Atna Resources (VSE) can acquire a 75% stake in the Cumbre gold property in Chile. To do so, it has paid US$3,500 to owner Princeton Mining (TSE). It must pay a further 50,000 shares on signing…
LATIN AMERICA ROUNDUP — Musto considering offers
Vancouver-based International Musto Explorations (TSE) has received offers both to joint-venture and, alternatively, sell its interest in the Bajo de la Alumbrera gold-copper deposit in Argentina. A f…
China to transform coal industry
China has unveiled an ambitious 7-year plan to transform its coal industry, with foreign assistance, into an efficient source of low-pollution fuel. The plan, outlined in Beijing by Coal Industry Mini…