TSE Indices (October 31, 1994)
— 1994 — Oct 25 Oct 24 Oct 21 Oct 20 Oct 19 High Low Composite”300″ 4242.77 4266.02 4285.13 4319.77 4320.79 4609.93 3518.31 Metals&Minerals 4159.84 4192.94 4254.27 4278.02 4242.97 4289.04 3273.56 In…
News
Serengeti eyes Kenyan property
Vancouver-listed Serengeti Diamonds can earn a half interest in a major greenstone belt in western Kenya. The area comprises 200 sq. km. of licences for the exploration and exploitation of gold, as we…
Golden Queen developing Soledad gold project
The permitting process to develop an open-pit, heap-leach mine is under way on the Soledad Mountain property in southern California. Owner Golden Queen Mining (TSE) is confident all permits will be co…
Correction (October 31, 1994)
Franco-Nevada Mining (TSE) purchased a 5% net profits interest in Rustenberg Platinum’s Pandora platinum property in South Africa from a private company. Incorrect information appeared in our Oct. 24 …
Golden Star, Asarco in French Guiana venture
New York-listed Asarco can earn a half interest in the St-Elie gold project in French Guiana, under a deal reached with Guyanor Ressources, a subsidiary of Golden Star Resources (TSE). The 9,000-hecta…
FACTS & FIGURES — Securing your fax messages
An international mining company was approached recently by an official from a South American country in which it has operations. “What have you done with your faxes?” the official demanded. “We can no…
Pouliot named mines minister in Ontario cabinet shuffle
Ontario’s acting minister of northern development and mines has been appointed to the portfolio on a full-time basis. Gilles Pouliot assumed his new job in a cabinet shuffle by Premier Bob Rae. Poulio…
Funding sought for ROM gallery
The Earth Sciences Gallery project of the Royal Ontario Museum (ROM) is progressing towards its $4.25-million target. By presstime, $1.7 million had been contributed by foundations, individuals and co…
Denison receives trade approval
Since filing financial statements, Denison Mines (TSE) has been granted approval by securities commissions to have its common and preferred shares resume trading on the Toronto and Montreal stock exch…
Opawica options ground to Shamrock
Australian-based Golden Shamrock Mines can earn a 60% stake in the Enchi-Wiawso and Asankrangwa reconnaissance licences in Ghana. The properties are held by Opawica Explorations (TSE). The 1,500-sq.-k…
NEWS ROUNDUP — Jordex expands Brazilian holdings
Toronto-listed Jordex Resources has augmented its South American holdings by acquiring, through a wholly owned subsidiary, two concessions in the central Brazilian Shield. The Pontes E Lacerda concess…
ODDS’N’SODS — The detachable drill bit
I well remember the good old days when the “integral” drill rod was employed in mining. After use, each rod was carefully carted to the blacksmith’s shop where the bit was thrust into glowing coals to…