NEWS IN BRIEF (April 10, 1995)
Lana Gold (LAL:VSE) has changed its name to Global Technologies on a 1-new-for-3-old-share basis.
1995
GOLD FUNDS (April 10, 1995)
BGR Central Net Value $16.33 $6.54 Price $14.50 $6.75 Discount 11.20% Premium 3.2% Value $127,662,000 $122,170,275…
Chase drilling Taysan project
Drilling continues to delineate the Taysan copper-gold porphyry deposit in the Philippines. Situated 100 km south of Manila in Batangas province, the project is owned by Taysan Copper, a company in wh…
Americomm buys Nevada properties
Oklahoma-based Americomm (NASDAQ) will acquire all the Nevada gold interests of Southwestern Gold (TSE). The deal includes 148 unpatented, non-producing mining claims contained within four properties….
Laminco tests San Antonio
Plans to develop the Luz del Cobre copper deposit as an in situ leaching operation are on hold as Laminco Resources (TSE) evaluates the potential for bulk-tonnage gold mineralization. Luz del Cobre fo…
LETTER TO THE EDITOR — Similar geology found at East
Regarding the article “New type of gold in Canadian Shield” (T.N.M., March 6/95), I would like to draw your attention to the gold deposits within the Pontiac Supergroup at Malartic, Que., that were mi…
TSE INDICES (April 10, 1995)
— 1995 — Apr 4 Apr 3 Mar 31 Mar 30 Mar 29 High Low Composite”300″ 4251.76 4277.24 4313.61 4319.49 4299.00 4320.52 3983.34 Metals&Minerals 4148.04 4112.48 4152.24 4179.06 4145.16 4337.89 3273.56 Inte…
Bre-X firms up Busang gold play
Stepout drilling at the Busang project in Indonesia has reinforced the owner’s perception that the Central zone could host a gold resource minable by open-pit methods. Bre-X Minerals (ASE) drilled six…
BHP options copper project
Australian mining giant BHP Minerals will join forces with Francisco Gold (VSE) on the Coahuila copper project in Mexico. Exploration to date indicates the presence of a large, sedimentary-hosted copp…
Canyon shows loss for the year
Colorado-based Canyon Resources (NASDAQ), as expected, reported a loss for 1994. The company, which expanded its international exploration and experienced a full year of interest expense on its conver…
Western Copper boosts Thermal stake
An additional private placement gives Western Copper Holdings (TSE) a total of 5.8 million shares of Thermal Exploration (ASE), or about 35.5% of its issued shares. The placement comprises 1.2 million…
METALS COMMENTARY — Metals return to fundamentals
Metal markets continued to show signs of recovery in March as supply-demand fundamentals regained prominence. Metal manufacturers throughout the Organization for Economic Co-operation and Development …