NEWS ROUNDUP — Loubel plans drilling
A 5,000-ft. drilling program is planned for the Chassignole gold property in La Pause Twp. in northwestern Quebec. Gilles Fiset, president of Loubel Exploration (ME), says trenching and sampling durin…
News
Lithos arranging flow-through funds
A $3.2-million flow-through financing will allow Lithos (ME) to dewater the Wrightbar mine property near Val d’Or, Que., and extract a bulk sample of about 10,000 tons. Lithos, created through the mer…
Plans filed for Montana mine
The proposed McDonald gold mine in Montana has moved one step closer to reality. Partners Phelps Dodge Mining and Canyon Resources (NASDAQ), which own 72.25% and 27.5% respectively, have filed a plan …
NEWS IN BRIEF (November 28, 1994)
Habsburg Resources (HAB:VSE) has changed its name to Dome Mountain Resources (DMR:VSE) on a share-for-share basis.
Antares explores Lady Lina play
Diamond drilling and underground development at Antares Mining and Exploration’s (TSE) Lady Lina gold property in Zimbabwe continue to yield favorable results. The company’s efforts have focused on th…
OPINION — Investing in Russian projects
The mining industry in Russia has benefited from a recent increase in investments. The Australian company Star Technology Systems plans to spend US$250 million by 1999 on the Sukhoy Log project, which…
Spot prices at a glance (November 28, 1994)
Week’s Price (US) Change Gold* $384.50 – $1.00 Silver* $5.17 – $0.02 Platinum* $410.50 – $3.90 Nickel** $3.44 – $0.06 Lead** $0.30 – $0.01 Copper $1.26 – $0.04 Zinc $0.52 – $0.02 Courtesy of Scotiaban…
STOCK MARKETS — Higher bond yields attract investors
The Toronto Stock Exchange (TSE) took another beating this week, as nervous investors dumped their shares in favor of higher interest-bearing investments, such as bonds. This exit from the equity mark…
STOCK MARKETS — Cinola JV was bright spot in lacklustre
The Vancouver Stock Exchange composite and resource indexes continue to reach new lows for the year. For the report period ended Nov. 22, the composite index dropped 32.22 points to close at 762.98. T…
EXPLORATION ’94 — NAM bullish on Great Bear potential
An aggressive $5.5-million program has resulted in the discovery of new zones of gold mineralization at the Golden Bear mine property in northwestern British Columbia. The 35,200-hectare property, own…
EDITORIAL PAGE — The entrepreneurial ethic
In early 1995, eight individuals will be officially inducted into the Canadian Mining Hall of Fame. They will join the group of 54 who have been honored since the Hall was established seven years ago….
TSE SHORT POSITIONS (November 28, 1994)
Semi-monthly reports as of Oct 31, 1994 showed 241,967,036 shares of 832 issues compared with 257,344,810 shares of 878 issues on Oct 15, 1994. Larger individual positions included: Aber 131,140; Agni…