NEWS ROUNDUP — Mutual obtains African ground
In line with plans to focus increasingly on West Africa, Mutual Resources (VSE) has acquired an option to earn a 54% stake in the Sewum Tokosea gold concession in Ghana. Mutual initially paid $15,000 …
News
NEWS ROUNDUP — Fort MacKay drill core studied
Detailed chemical and mineralogical studies are under way on drill core from the Fort MacKay precious metal deposit in northeastern Alberta. The joint venture is owned by Toronto-listed Tintina Mines …
LAST BUT NOT LEAST….Bruneau raises $540,000
Montreal-based Bruneau Minerals (ME) has raised $540,000 through two private placements. One placement raised $450,000, of which the company plans to spend $360,000 exploring three properties in Quebe…
Tenajon, Westmin study SB results
Partners Westmin Resources (TSE) and Tenajon Resources (VSE) are reviewing results of underground drilling completed last year on the SB property, near Stewart, B.C. The program, which consisted of 85…
Damoti Lake results prove deflating for venture partners
Results from the first seven holes of winter drilling at the Damoti Lake joint venture in the Northwest Territories fell short of expectations for the three owners. Partners Athabaska Gold Resources (…
Milner sells stake
Milner Consolidated Silver Mines (ASE) has entered an option agreement to sell its 25.5% interest in Minerales de Copan S.A. de C.V. to Fischer-Watt Gold (NASDAQ). The price is $1.4 million, to be pai…
ODDS’N’SODS — Red Lake’s engineering `dean’
Among the many heroes of Ontario’s Red Lake mining camp is Horace Greely Young, Sr. Honored for his work in that community in the province’s northwest, Young was born in Osnaburgh, Ont., in 1881 and g…
Metal Prices (January 17, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date Jan. 11 Jan. 10 Jan. 7 Jan. 6 Jan. 5 Copper 1751-1752 1740-1741 1731-1732 1735-1736 1749-1750 Lead N/A 473-474 460-461 458-459 463-464 Z…
PEOPLE — SAN FERNANDO MINING
David Duval appointed vice-president, corporate development.
TSE Rights & Warrants
Amax Gold – Wt buys sh @ $21.00(US) to Jan 8/96. Ashton Mining of Canada – Wt buys sh @ $3.50 to Oct 27/95. Cambior – Wt buys sh @ $15.50 to Jun 30/95. Cameco – Wt buys sh @ $14.75 to Oct 1/94. Cominc…
PEOPLE — LANSDOWNE MINERALS (January 17, 1994)
Earl Dobson appointed director.
Gold Funds (January 17, 1994)
Gold Funds as of Jan. 12 BGR Central Net Value $16.68 $6.44 Price $16.00 $7.375 Premium 14.5% Discount 4.10% Value $93,461,000 $133,482,338…