Damoti Lake results mixed
Drilling results from the high-grade Bif Island area of the Damoti Lake property north of Yellowknife, N.W.T., indicate the northerly extension of the zone may be limited. Partners Athabaska Gold (TSE…
News
NEWS IN BRIEF (April 18, 1994)
Mineral Park Mining (MPK:VSE) has changed its name to IMP Industrial Mineral Park Mining (IME:VSE) on a 1-new-for-4.5-old-share basis. The transfer agent is Pacific Corporate Trust Co.
World Wide options Ag Armeno properties
Junior World Wide Minerals (TSE) has optioned three Ecuadorean properties from Ag Armeno Mines and Minerals (VSE). Two of the concessions, La Pinta and Andoa, are in the north and contain several “Lor…
Bibiani results leave IGR hopeful
Results from the first half of a 30,000-ft. reverse circulation drill program on the Bibiani deposit in southwest Ghana indicate an average grade of 0.10 oz. gold per ton. CDN-listed International Gol…
LAST BUT NOT LEAST — Booker plans Hearne drilling
Exploration work is under way on the Hearne group of claims in the Babine Lake district of British Columbia. Booker Gold Explorations (VSE) is conducting a magnetometer survey in an effort to locate t…
Cameco to start production at Contact Lake gold project
After initiating an underground exploration program on the Contact Lake gold project in northern Saskatchewan last July, Cameco (TSE) has decided to put the deposit into production. The Contact Lake p…
LAST BUT NOT LEAST — Agnico starts drilling in Joutel area
Gold miner Agnico-Eagle Mines (TSE) has begun surface drilling east of the Telbel mine, along the well-established Eagle-Telbel mine trend near Joutel, Que. The 23,000-ft. program, which will extend t…
LAST BUT NOT LEAST — Nucore, New Aegis test laterite zone
Trenching and sampling on two Venezuelan gold properties have returned encouraging results. Partners Nucore Resources (VSE) and New Aegis Resources (VSE) are exploring the Nuevo Corazon de Jesus (NCJ)…
METAL PRICES — FREE MARKET (April 18, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date April 12 April 11 April 8 April 7 April 6 Copper 1877-1878 1869-1870 1873-1874 1858-1859 1876-1877 Lead 448.5-449.5 443-444 438.5-439.5 …
FINANCING (April 18, 1994)
Bamco Minerals Corp. — 1,000,000 shs @ 20 cents per sh. Blackpool Exploration Ltd. — 2,166,500 shs @ 15 cents per sh. Dalton Res. — 2,000,000 shs @ 10 cents per sh. Early Res. — 1,500,000 shs @ 10…
TSE INDICES (April 18, 1994)
— 1994 — Apr 12 Apr 11 Apr 8 Apr 7 Apr 6 High Low Composite”300″ 4295.41 4303.00 4327.41 4339.07 4313.26 4609.93 3518.31 Metals&Minerals 3566.19 3609.16 3622.16 3680.80 3662.49 3879.59 3495.59 Integ…
GOLD FUNDS (April 18, 1994)
Gold Funds as of Apr. 13 BGR Central Net Value $17.76 $6.96 Price $14.50 $7.875 Premium 13.1% Discount 18.35% Value $144,273,000 $142,531,988…