DIAMOND PAGE — Correction
The recent agreement between De Beers Consolidated Mines and junior companies Mill City Gold Mining (VSE) and Tanqueray Resources calls for De Beers to subscribe for $2 million in common shares of Mil…
News
Toronto Stock Exchange Indices (August 01, 1994)
— 1994 — Jul 26 Jul 25 Jul 22 Jul 21 Jul 20 High Low Composite “300” 4149.90 4159.02 4176.16 4172.59 4181.74 4609.93 3518.31 TSE 100 Index 250.35 250.75 252.08 251.79 252.57 277.47 238.43 Metals&Min…
METAL PRICES — FREE MARKET (August 01, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date July 26 July 25 July 22 June 21 July 20 Copper 2479-2480 2520-2522 2506.5-2507.5 2531-2532 2533-2534 Lead 576.5-577.5 583-584 575.5-576….
Int’l Gold sells U.S. properties
To focus exploration efforts outside of North America, International Gold Resources (TSE) is selling its two advanced projects in Idaho. At the Humbug property, a “geological resource” of 27 million t…
Sutton drilling in Tanzania
Tribal conflict in Rwanda is not affecting the pace of work on the Kabanga and Kagera projects in neighboring Tanzania, reports Sutton Resources (TSE). Partner BHP Minerals is carrying out a US$4-mill…
NEWS ROUNDUP — Canmine drilling continues
Three holes, drilled on 100-metre centers, have been completed on Canmine Resources’ (ASE) Fer base metal property in northern Manitoba. A fourth, 100-metre stepout hole is under way. The three holes …
NEWS ROUNDUP — High River Gold raising $10-m
Toronto-listed High River Gold Mines is selling 4.2 million special warrants at $2.40 each to raise $10 million. The underwriters have an option to acquire another 840,000 special warrants at the same…
NEWS ROUNDUP — Echo Bay in Bolivian venture
Echo Bay Mines (TSE) will finance exploration of an extensively mineralized district in Bolivia where several gold occurrences were recently identified. The major can earn a 51% interest in the Altipl…
COMMENTARY — Copper important to Arizona
The Arizona copper industry contributed US$5.7 billion to the state’s economy during 1993, according to a study by the Western Economic Analysis Center in Marana, Ariz. This contribution is calculated…
Placer options Musselwhite area play
Senior gold miner Placer Dome (TSE) is optioning the Neawagank Lake property from Wiscan Resources (ASE). The property is 40 km southeast of Placer’s Musselwhite gold project, in the Opapimiskan Lake …
PEOPLE — MONARCH
Paul Rose appointed vice-president of exploration.
PEOPLE — MAZARIN
Jacques Bonneau appointed president and chief executive officer.