Gaspe workers sign contract
Unionized workers at the Gaspe Mines division of Noranda Minerals voted recently to accept a new 3-year contract after going on strike for two weeks. The 440 union members voted 58% in favor. The work…
News
American Res. begins drilling Argentine project
The international exploration division of BHP Minerals has started drilling the Agua Rica copper-gold project, owned by American Resource (NASDAQ) and situated in northern Argentina. The program follo…
NEWS IN BRIEF (June 20, 1994)
Golden Trio Minerals (GIO:VSE) has changed its name to PCS Wireless on a 1-new-for-2-old-share basis.
ODDS’N’SODS — Russian tailings offer investment
Western companies have recently expressed interest in Russia’s mineral resources and mining industry — interest which is justified in view of the tremendous resource capabilities of that country. Jus…
PEOPLE — AKIKO GOLD (June 20, 1994)
Roland Ridler appointed director.
LAST BUT NOT LEAST — Claimstaker eyes Blackdome mine
Junior Claimstaker Resources (VSE) is planning a diamond drill program for the Blackdome gold mine, a former producer near Clinton, B.C. The company has agreed to acquire the mine, together with a 200…
Hemlo finds gold
A new gold-bearing structure has been drilled by Hemlo Gold Mines (TSE) on the Lepine property in northwestern Quebec. The property is under option from Radisson Mining (ME). Gold is hosted within a m…
LAST BUT NOT LEAST — Teck to drill Fortune prospect
Toronto-listed Teck will drill a minimum 8-hole, 3,000-ft. program at the Salkeld Lake property of Fortune Minerals (CDN). The major can earn a 60% interest in the 1,033-acre property, northeast of Pi…
Spot prices at a glance (June 20, 1994)
Week’s Price (US) Change Gold* $383.50 + $1.60 Silver* $ 5.36 + $0.03 Platinum* $401.50 + $4.15 Nickel** $ 2.88 + $0.01 Lead** $ 0.24 + $0.01 Copper $ 1.08 + $0.02 Zinc $ 0.44 + $0.01 Courtesy of Scot…
TSE committee to probe corporate disclosure
The Toronto Stock Exchange has established a committee on corporate disclosure in Canada. The committee will examine possible changes to the securities legislation governing continuous disclosure by p…
AMC convention set for Phoenix
The American Mining Congress will stage its Mining Convention ’94 during Sept. 18-21 in Phoenix, Ariz. Session topics will focus on efforts to reform the Endangered Species Act, the status of “superfu…
GOLD FUNDS (June 20, 1994)
BGR Central Net Value $17.84 $6.80 Price $15.13 $7.50 Premium 10.3% Discount 15.21% Value $144,935,000 $135,744,750…