GOLD FUNDS (July 18, 1994)
Gold Funds as of July 11 BGR Central Net Value $17.00 $6.80 Price $15.50 $7.25 Premium 6.6% Discount 8.82% Value $138,122,000 $131,219,925…
News
Positive results at Cross mine
Drilling and channel sampling are continuing at Hendricks Minerals’ (CDN) Cross gold-silver mine near Boulder, Colo. Two undeground and four surface holes have been drilled to test the downdip extensi…
COMMENTARY — Mining opportunities abroad
During the past five years, government policies have made it increasingly unattractive for mining companies to explore for and develop deposits in Canada, according to a brokerage firm based in the Un…
EDITORIAL PAGE — Shark!
Following last week’s surprise announcement that mid-tier gold producer Royal Oak Mines had launched a takeover bid for senior gold miner Lac Minerals, news reports likened Margaret Witte, the formida…
LAST BUT NOT LEAST — Regal acquires Kirkland Lake property
CDN-listed Regal Goldfields has acquired 14 mining claims near Kirkland Lake, Ont. In return, it must pay $15,000 cash immediately, spend $25,000 on exploration within one year, deliver 6,000 shares o…
Maude reacquires interest in properties
Junior Maude Lake Gold Mines (CDN) is acquiring a 20% interest in properties near Matheson, Ont., previously optioned by Maude to Hecla Mining (NYSE) and Technigen. In return, Maude will issue more th…
Musto drilling
Australian base metal miner MIM and its partner International Musto Explorations (TSE) report that 8,000 metres of core drilling has begun on their Bajo de la Alumbrera porphyry gold-copper deposit in…
BHP cuts sulphide mineralization near productive Matagami
Early indications suggest that BHP Minerals Canada has made a significant base metal discovery 35 km southwest of Matagami, Que. Three holes recently drilled by BHP on Southern Africa Minerals’ (ASE) …
ODDS’N’SODS — Geco’s canoe-barge service
The Peterborough freight canoe served many purposes over the years and was a sturdy, adaptable craft used by mining operations throughout Canada. The Geco mine in Ontario was isolated in the early exp…
Tacaza drilling returns copper
Kookaburra Resources (TSE) is encouraged by initial results from drilling on the Tacaza copper project in southeastern Peru. The company received results from the first five holes of a 175-hole revers…
OBITUARY — Douglas MacIntyre
The town of Kirkland Lake, Ontario is mourning the death of a valued member of the community. Douglas MacIntyre, president of Alex MacIntyre and Associates Ltd., died at the age of 41 years as a resul…
PRODUCER PRICES (July 18, 1994)
ALUMINUM: MW U.S. market US69.5-70.5 cents per lb. (June 23, 1994). ANTIMONY: MW New York dealer US$1.90-2.25 per lb. (June 30, 1994). BISMUTH: MW New York dealer US$2.35-2.65 per lb. (Sept. 23, 1993)…