EDITORIAL PAGE — Vive l’exploration!
In 1979, Lac Mineral CEO Peter Allen was asked what he considered the most prospective ground in Canada. Allen’s reply, quoted in Timothy Green’s latest book The World of Gold, was as follows: “If I h…
News
Greenstone financing Panama gold play
To fund construction at the Santa Rosa gold project in Panama, Greenstone Resources (TSE) has entered an agreement with an underwriting group to raise $13.5-18 million. The group, led by Nesbitt Thoms…
TSE INDICES (November 08, 1993)
— Week — Nov 2 Nov 1 Oct 29 Oct 28 Oct 27 High Low Composite”300*” 4250.31 4248.02 4255.54 4235.24 4197.48 4255.61 4191.24 Metals&Minerals 3066.40 3077.42 3080.71 3070.71 3015.04 3080.71 3001.40 Int…
New Canamin ups Huckleberry reserve
New Canamin Resources (VSE) has revised its reserve estimate for the Huckleberry property, near Kemano, B.C. The drill-indicated and drill-inferred mineral inventory is now pegged at about 69 million …
Dolphin explorations
Shareholders of American Gem, a private Montana company, are set to become the majority shareholders of Dolphin Explorations (TSE). The reverse takeover would result in American Gem becoming a wholly …
Dewey drill program returns gold values
Drilling on the Dewey property in central Idaho has returned significant gold intersections, one such intercept as high as 0.097 oz. gold per ton across 195 ft. USMX (NASDAQ) optioned the property ear…
World Wide options Ecuadorian prospects
Toronto-listed World Wide Minerals (TSE) has acquired an option on six gold and base metal properties in Ecuador. Nestled in the Andes, the properties are underlain by structurally deformed volcanic r…
BHP plans to drill in Tanzania
Work is continuing on two concessions in Tanzania under the direction of BHP Minerals International. The company is earning a 66% and a 58% interest, respectively, in the Kagera and Kabanga ground fro…
Production milestone for McLaughlin mine
New York-listed Homestake Mining plans to celebrate the pouring of the two-millionth ounce of gold from the McLaughlin mine at Lower Lake, Calif. The milestone was set Oct. 15, and will be commemorate…
STOCK MARKETS — Trading volumes help VSE indexes gain
Despite a drop in bullion prices, the Vancouver Stock Exchange resource index climbed more than 31 points to close at 1,483.00 during the period ended Nov. 2. The composite index also gained ground, f…
Inter-rock strikes Daisy gold
Having finished its first phase of drilling at the Daisy property in Nevada’s Beatty Twp., Inter-Rock Gold (ME) describes the results as positive. Thirty reverse-circulation rotary drill holes, totali…
Spot prices at a glance (November 08, 1993)
Week’s Price (US) Change Gold* $363.00 – $5.65 Silver* $ 4.21 – $0.18 Platinum* $368.00 – $4.75 Nickel** $ 2.07 + $0.06 Lead** $ 0.18 $0.00 Copper $ 0.74 + $0.02 Zinc $ 0.42 + $0.01 Courtesy of Scotia…