NEWS ROUNDUP — Dynacor plans drilling program
A private placement of shares has allowed Mines Dynacor (ME) to raise $50,000 to undertake a small surface drilling program at its Siscoe gold project near Val d’Or, Que. The company, which changed it…
News
NEWS ROUNDUP — Repadre funds Fairmile play
Additional exploration of the Buffalo Valley gold property in Nevada will be funded through a royalty and financing agreement with Repadre Capital (TSE). Fairmile Acquisitions (ASE), which can acquire…
TVI Pacific drilling project on island in Philippines
Two drills are at work at the Canatuan copper-gold property of TVI Pacific (ASE) on the Philippine island of Mindanao. An initial 27-hole program is testing the relatively flat-lying deposit’s 1.2-km …
Spot prices at a glance (September 12, 1994)
Week’s Price (US) Change Gold* $388.40 + $2.15 Silver* $ 5.51 + $0.15 Platinum* $419.75 + $7.75 Nickel** $ 2.79 $0.00 Lead** $ 0.27 $0.00 Copper $ 1.12 – $0.01 Zinc $ 0.44 $0.00 Courtesy of Scotiabank…
Nelson earning interest in Tajikistan gold venture
Bermuda-based Nelson Trade & Finance (TSE) will acquire Commonwealth & British Minerals, which is involved in a gold-mining joint venture with the Tajikistan government. Nelson already has a 20% stake…
Stratmin gets stake in Applied Carbon
Graphite producer Stratmin (ME) will buy 52% of the issued and outstanding shares of Applied Carbon Technology (TSE), its main competitor in North America. Applied Carbon’s main assets are a blending …
Miramar drilling tests Con shear extension
Drilling on the downdip extension of the Con shear at the Con mine near Yellowknife, N.W.T., has intersected gold mineralization 500 ft. below the deepest workings. Miramar Mining (TSE), owner of the …
NEWS IN BRIEF (September 12, 1994)
CanCapital Corporation (CJC:VSE) has changed its name to Prada Holdings Ltd. on a 1-new-sh-for-4-old-shs basis.
ODDS’N’SODS — The serendipity deposit (2)
Editor’s note: We conclude the story of the discovery of a celestite (strontium sulphate) deposit in Cape Breton in the 1960s. “R.P.M.” refers to R.P. Mills and “Harry” is J.H. Morgan. Harry asked me …
METALS COMMENTARY — Investors find metals to their liking
Metals markets opened in September on a higher note as continued strong physical demand finally sent short sellers running for cover as optimistic investors stormed into most metals. Ignoring the good…
Reading our stock trading tables (September 12, 1994)
A comprehensive listing of weekly stock quotations for mining securities is provided by The Northern Miner. To assist readers who often know the name of the stock but not the exchange on which it trad…
Echo Bay directors adopt rights protection plan
The directors of Echo Bay Mines (TSE) have adopted a shareholders’ rights protection plan, or “poison pill.” The plan can be enacted if any person or group acquires more than 20% of the company’s comm…