LAST BUT NOT LEAST….Nahanni joins with Prospero
Junior Nahanni Mines (TSE) will combine with Prospero Canadian Land Investment Fund to form a new company, RG Properties. The merger calls for a consolidation of one RG share for 12.5 Nahanni shares. …
1994
LAST BUT NOT LEAST….Shoreham samples golden
Rock and soil sampling on the Randsburg property of Shoreham Resources (VSE) has returned widespread gold values. The 15-acre property is next to the Baltic Pit mine of Glamis Gold, near Randsburg, Ca…
Hall of Fame inducts nine members at gala ceremony
Nine new members were inducted into the Canadian Mining Hall of Fame at a dinner and awards ceremony at the Royal York Hotel in Toronto. About 450 people attended the sixth annual banquet. Guests incl…
LAST BUT NOT LEAST….Bitterroot testing garnet prospect
A total of 220 holes of a planned 300-hole definition program has been completed on an alluvial almandine garnet project in Mohave Cty., Ariz. Bitterroot Resources (VSE) says preliminary results confi…
Pacific Metals options Mt. McKendrick gold play
Alberta-listed Pacific Metals has reached an agreement with Habsburg Resources (VSE) to earn a 49% interest in the Mount McKendrick gold showing near Smithers, B.C. The property consists of seven clai…
EDITORIAL PAGE — Engineering some respect
Except for the period of the Industrial Revolution, mining through the ages has seldom been in the good books of society as a whole. The Roman poet Ovid around the time of Christ wrote of those “wicke…
Metall’s German parent struggling as financial problems
The financial woes at German mining giant Metallgesellschaft (MG) continue to mount and, with its mounting difficulties, speculation is rife over the future of MG’s 50.1%-owned Canadian subsidiary, Me…
Goldcorp exercises Orvana warrants
For investment purposes, Goldcorp (TSE) recently exercised warrants to buy 1.1 million shares of Orvana Minerals (TSE) at 40 cents per share. Goldcorp now holds 6.7 million Orvana shares. In addition,…
Spot prices at a glance (January 17, 1994)
Week’s Price (US) Change Gold* $394.00 – $7.20 Silver* $ 5.11 – $0.12 Platinum* $387.25 – $9.75 Nickel** $ 2.59 + $0.20 Lead** $ 0.22 + $0.01 Copper $ 0.80 + $0.01 Zinc $ 0.45 $0.00 Courtesy of Scotia…
Fort Knox acquires Chibougamau properties
Two base metal properties north of Chibougamau, Que., have been acquired by Fort Knox Gold Resources (TSE). The De Maures and Regnault properties are within the Frotet-Evans greenstone belt which is a…
No mega-projects for Amazon basin
Brazil will stop huge development projects in the Amazon basin and turn instead to smaller-scale efforts which are less harmful to the environment, President Itamar Franco announced recently. Franco’s…
Nymex enjoys a banner year
Metals futures trading in 1993 on the New York Mercantile Exchange (Nymex) jumped 19% over 1992 activity. The majority of those trades involved platinum futures (up 13%). The number of palladium futur…