Metal Prices — FREE MARKET (October 16, 1995)
London Metal ExchangeSpot closing prices in $US per tonneDateOct. 10 Oct. 9Oct. 6Oct. 5 Oct. 4Copper2802-2805 2927-29302839-28432875.5-28762865-2868Lead589-590 594-595593-594 599-600 59…
News
Falco reviews legal action against Royal Oak
Unhappy with its lot in the aborted Windy Craggy project, Falconbridge (TSE) is reportedly mulling possible legal action.The company holds a 22.5% net profits interest in the property, which was expro…
Pangea forms a joint venture to expand its Tanzanian deposit
Toronto-listed Pangea Goldfields and South African-based Randgold Exploration will form a joint venture, the purpose of which is to outline additional reserves at the former’s Golden Ridge property in…
Navarre Resources in full swing on Strike property
Diamond drilling is under way on the Strike property of Navarre Resources (VSE), 18 miles north of Stewart, B.C.The company is testing several mineralized areas associated with a fault structure that …
Pentland drill-tests Marlhill
Drilling at the past-producing Marlhill mine near Timmins, Ont., indicates the presence of a sizable quantity of untapped gold beneath the old workings.Six holes drilled by Pentland Firth Ventures (TS…
Spot prices at a glance (October 16, 1995)
Wednesday, October 11, 1995Week’sPrice (US)ChangeGold*$384.70+$2.10Silver*$ 5.42+$0.08Platinum*$415.25-$1.00Nickel**$ 3.49-$0.10Lead**$ 0.27$0.00Copper $ 1.25-$0.05Zinca$ 0.4…
TVI Pacific completes financing
Holders of warrants to buy shares in TVI Pacific (ASE) have exercised 4.9 million of the 5 million outstanding warrants, which expired on Aug. 29.Each warrant entitled the holder to buy one share of T…
Canyon eyes East African property
Canyon Resources (NASDAQ) has signed an exploration agreement with the government of Ethiopia concerning the Megado Serdo gold property.The 60-sq.-km package lies within the Adola greenstone belt, in …
Ecuadorian takes shine to Peru
Ecuadorian Minerals (TSE) can buy several mining concessions in the Peruvian region of Angasmarca, 100 km from the Yanacocha gold district.The Inti property consists of two blocks of concessions total…
Santa Elina, Echo Bay firm up Chapada deposit
Santa Elina Gold (TSE) and Echo Bay Mines (TSE) are stepping up their joint effort to explore for gold deposits in Brazil.Echo Bay will acquire another 4 million shares of Santa Elina, entitling the m…
STOCK MARKETS — Markets little changed after nervous week
The Toronto Stock Exchange was fortunate in having a day off this past Thanksgiving holiday as Monday brought panic to the board of its New York counterpart. Fortunately, by the time the TSE reopened …
PEOPLE — FAITH MINES (October 16, 1995)
Lynn Evoy appointed director.