NEWS ROUNDUP — New-found gold for New Island
Alberta-listed New Island Minerals has discovered a new gold zone on its Glover Island property in western Newfoundland. The discovery, called the Lucky Smoke zone, is about 8 km north of the Lunch Po…
News
Vengold results cause investor concern
Although the junior has expressed encouragement over drill results from its Venezuelan properties, shares of Vengold (TSE) took a tumble, dropping $2.25 to close at $5.50, following news of the result…
Triton plans expansion of Nicaraguan mine
One of the first junior mining companies to take a serious look at opportunities in Nicaragua plans to expand a gold mine in the Central American country. Triton Mining, soon to be listed on the Toron…
McChip buys back 5% of issued shares
Junior McChip Resources (TSE) will make a normal course issuer bid. The bid will allow McChip to make purchases not to exceed 250,954 common shares, representing 5% of the outstanding common shares in…
Shiningtree acquires Beardmore area play
Alberta-listed Shiningtree Resources has acquired nine claims in Irwin Twp., near Beardmore, Ont., where previous work uncovered several gold-bearing veins. (Toronto-listed Metalore Mines is exploring…
LAST BUT NOT LEAST — Applied Carbon closes plant
Graphite producer Applied Carbon Technology (VSE) is closing its mine and mill near Kearney, Ont. President W.C. Esterly cited financing difficulties and soft graphite prices as the prime reasons, add…
LAST BUT NOT LEAST — Lac options Matheson area play
Lac North America, a unit of Lac Minerals (TSE), has optioned a 179-claim property southwest of Matheson, Ont., from Glen Auden Resources (TSE). Lac can earn a 60% interest in the Timmins and Michie T…
WWF calls halt to diamond hunt
Concerned about the environmental consequences of mining in the central Arctic, World Wildlife Fund Canada (WWF) has called for a halt to diamond exploration and mine development in the Northwest Terr…
Smith, Willson featured speakers
The presidents of two large international gold producers will speak at the 1994 Canadian Mining Symposium scheduled for Sept. 22 and 23 in Toronto. American Barrick Resources’ Robert Smith will speak …
Inquest recommends change in Macassa mining method
Governments and the mining industry should consider providing miners with special locating devices, a coroner’s jury has recommended. The jury conducted an inquest at Kirkland Lake, Ont., after miners…
NEWS IN BRIEF (July 18, 1994)
Golden Sky Resources (GLF:VSE) has changed its name to Golden Sky International on a share-for-share basis.
Spot prices at a glance (July 18, 1994)
Week’s Price (US) Change Gold* $384.85 $0.90 Silver* $405.22 $0.10 Platinum* $407.75 + $0.25 Nickel** $402.84 + $0.07 Lead** $400.27 + $0.01 Copper $401.10 $0.02 Zinc $400.44 + $0.01 Courtesy of Scoti…