Work ongoing at properties of Silver Trend
Underground drilling has been completed at the Silver Strand gold-silver mine in Idaho’s Coeur d’Alene district. Silver Trend Mining (SpOTC) says six holes were drilled: two through the known orebody,…
News
Nuinsco completes financing deal
Under a new agreement, Nuinsco Resources (TSE) will reduce its working capital deficiency to $840,000 from $3.5 million. The company will sell 2.4 million treasury shares to Winoro, an investment comp…
Gold moves again
Hardly a few days old, the new year picked up where the old one left off. Gold fever struck investors as bullion prices broke through the US$395-per-oz. resistance level. And gold seems poised to brea…
TSE SHORT POSITIONS (January 10, 1994)
Semi-monthly reports as of Dec 15 showed 70,209,457 shares of 792 issues compared with 68,969,728 shares of 792 issues on Nov 30. Larger individual positions included: Aber 128,800; Agnico-Eagle 136,1…
METALS MARKETS (January 10, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date Jan. 4 Jan. 3 Dec. 31 Dec. 30 Dec. 29 Copper 1732-1733 N/A N/A 1807-1808 1799-1800 Lead N/A 468-469 N/A 486-487 472-473 Zinc N/A 996-997…
St. Genevieve sells Louvem stake
Montreal-based St. Genevieve Resources (TSE) intends to sell all or part of its 11 million common shares in Louvem Mines (TSE) to the highest bidder. The block represents 43% of all issued and outstan…
NEWS ROUNDUP — Waddy excavates ramp at Komis
Waddy Lake Resources (TSE) continues to excavate a decline on the Komis gold project in northern Saskatchewan. The work will enable the company to extract a 10,000-tonne bulk sample from the A and C z…
Correction (January 10, 1994)
The 47 million tons of mineralization reported by Hycroft from its Brimstone exploration program are not additional to the 45 million tons contained in the Crofoot-Lewis mine in Nevada, as stated in o…
Rea options advanced project in eastern Nevada
Under an option agreement, Rea Gold (TSE) can acquire the Mount Hamilton gold project in eastern Nevada. Rea is completing a due diligence review which should be finished early in the first quarter. I…
Equinox, Hecla merger progresses
Equinox Resources (TSE) and Hecla Mining (NYSE) have agreed to amalgamate on the basis 0.3 Hecla shares for each share of Equinox tendered. Goepel Shields & Partners, Equinox’s financial advisers, fou…
COMMENTARY — The value of the prospector (January 10, 1994)
The prospector is the most useful man to commerce and the most valuable man to civilization. No prospectors, no mines. No mines, no civilization. Political economists tell us that, next to agriculture…
Piskahegan acquires Mount Pleasant in New Brunswick
The Mount Pleasant property in New Brunswick is getting a new look. Piskahegan Resources, a private company controlled by overseas investors, has acquired the project from Billiton Metals Canada and L…