NEWS IN BRIEF (February 13, 1995)
Consolidated Asiatel Resources (CTD:VSE) has changed its name to Sino Foods on a share-for-share basis.
News
Pentland receives financing proceeds
Alberta-listed Pentland Firth Ventures has received final receipts from a prospectus offering of 4 million units at $1.10 each. Each unit consists of one Pentland share and one-half a warrant. Each wh…
Toronto Stock Exchange Indices (February 13, 1995)
— 1994 — Feb 7 Feb 6 Feb 3 Feb 2 Feb 1 High Low Composite “300” 4100.99 4119.78 4105.05 4061.10 4019.11 4609.93 3518.31 Metals&Minerals 3922.33 3964.05 4083.50 4020.20 3956.20 4337.89 3273.56 Integr…
Inco, Codelco exploring deposit
Chile’s state-owned copper company, Codelco, and Compania Minera Mamina, a wholly owned subsidiary of Inco (TSE), will proceed with the second phase of exploration on the 10,000-hectare Mamina copper-…
Miramar takes over Athena
Gold producer Miramar Mining (TSE) has cleared the final hurdle for its acquisition of Athena Gold (VSE). Shareholders of Athena received one common share of Miramar for every 2.8 common shares held. …
Akiko Gold aims to advance Utah mine project
Underground drilling aimed at expanding geological reserves of the high-grade New Burgin deposit is under way in the East Tintic district of Utah. Vancouver-listed Akiko Gold Resources is earning a ha…
Commodity index on a roll
The commodity price index of the Bank of Nova Scotia recorded its fifth straight gain in December. The small monthly gain from November was helped by stronger metals and agricultural prices. For 1994,…
Spot prices at a glance (February 13, 1995)
Wednesday, Feb. 8 Week’s Price (US) Change Gold* $374.80 – $1.45 Silver* $4.67 – $0.01 Platinum* $408.75 – $6.75 Nickel** $3.62 – $0.76 Lead** $0.25 – $0.04 Copper $1.28 – $0.05 Zinc $0.45 – $0.06 Cou…
NEWS ROUNDUP — Exall, MacMillan option Wakadanawa
Two TSE-listed juniors — Exall Resources and MacMillan Gold — intend to explore and develop a large gold prospect in southern Guyana. Known as the Wakadanawa, the 60,000-acre property lies in a rela…
Hemlo to drill Northfield holdings
Toronto-listed Hemlo Gold Mines will conduct surface drilling on several deep gold targets on Northfield Minerals’ (TSE) holdings in northern Ontario. Hemlo can earn a half interest in 46 claims, whic…
Results encourage Haddington, Portman
Initial drilling on the Tyrrell Twp. gold project near Shining Tree, Ont., has yielded encouraging results for partners Haddington Resources (VSE) and Portman Explorations (VSE). The project consists …
Great Lakes signs bank agreement
A banking agreement will enable Great Lakes Minerals (TSE) to acquire an additional 10% interest in the Grouse Creek venture in Idaho, as well as hedge the production of future gold and silver product…