Pangea outlines targets in Tanzania
Pangea Goldfields (CDN) has outlined several significant soil geochemical anomalies on the Bulyanhulu South gold property in Tanzania’s Lake Victoria gold field. Values of up to 9 grams per tonne were…
News
Drilling confirms Armada results
Drill results from Armada Gold’s (ASE) Baley Tailings gold project in the Chita region of eastern Siberia have confirmed earlier estimates. Tweny-nine holes were drilled to test the two tailings dams …
STOCK MARKETS — TSE continues to gain some ground
With Parliament in summer recess and worries about Quebec on hold for the time being, the TSE continued its mid-summer rally this past week. On July 12, the 300 index jumped 27.78 points to close the …
TORONTO STOCK EXCHANGE INDCES
— 1994 — Jul 12 Jul 11 Jul 8 Jul 7 Jul 6 High Low Composite”300″ 4131.72 4103.94 4098.98 4079.87 4043.37 4609.93 3518.31 TSE 100 Index 249.83 248.21 247.96 246.78 244.28 277.47 238.43 Metals&Mineral…
Blue Emerald gets B.C. opal property
A Toronto-based junior has acquired a 108-claim opal property in the Vernon area of British Columbia. In return, Blue Emerald Resources (VSE) must issue the vendors 100,000 shares and pay $60,000 cash…
Madsen raises financing for past producer in Red L.
Madsen Gold (TSE) has completed a previously announced $1.2-million private placement. It has also applied for, and expects to receive, a $300,000 grant from the Northern Ontario Heritage Fund, bringi…
Newhawk, Granduc plan Bruceside exploration work
Field work is expected to begin shortly at the Bruceside portion of the Sulphurets property near Stewart, B.C. Newhawk Gold Mines (TSE) and Granduc Mines (TSE) — 60-40 owners, respectively — plan to…
METALS COMMENTARY — Scrap leads pack as recovery continues
The fast pace of economic activity during the first half of 1994 looks set to continue at least for the balance of the year. In ferrous markets, integrated steel producers are taking all available iro…
Disbelief turns to support for Witte’s bold move
Stunned disbelief is probably the best way to describe the early reaction to Royal Oak Mines’ (TSE) hostile takeover bid for Lac Minerals (TSE). “Impossible,” said some Toronto-based mining analysts, …
Detector options Ontario projects
Alberta-listed Detector Resources has agreed to option two gold properties in northern Ontario. In one deal, it can earn a half interest in the Randall Lake property from Wiscan Resources (ASE) by spe…
New mines signal growth for Euro-Nevada
The best may be yet to come for Euro-Nevada (TSE), as four new gold mines in the company’s royalty portfolio are being readied for production over the next 24 months. Chairman Pierre Lassonde recently…
Sunshine to open Peruvian office
Idaho-based Sunshine Mining (NYSE) will open an exploration office in Lima, Peru. The company has commissioned a study of Peruvian mine concentrates to determine their compatibility with Sunshine’s hy…