Salvadoran joint venture extended
Drilling on El Dorado, a gold project in El Salvador, continues to extend the Nueva Esperanza vein discovery. The project is being explored under a joint venture among three companies: Mirage Resource…
News
Pacific Sentinel hopes to hit jackpot with New Casino
With drilling completed for the season at its Casino copper-gold-molybdenum project in the southern Yukon, Pacific Sentinel Gold (VSE) has arrived at a preliminary mineral estimate. The deposit is bel…
STOCK MARKETS — Stagnation settles in over western markets
With the Christmas doldrums fast approaching, western markets finished little-changed over the period ended Nov. 30. Although weak oil prices helped push gold down to the US$370-per-oz. level, the yel…
Antares developing Zimbabwe gold play
Antares Mining and Exploration (TSE) has gained access to the Long John Eight orebody at the Lady Lina gold property in Zimbabwe. Underground development is planned to evaluate and upgrade, to reserve…
Richmont issues special warrants
Underwriters Sprott Securities and Levesque Beaubien Geoffrion will issue two million special warrants of Richmont Mines (TSE) to Canadian investors in December. Each warrant, priced at $4, will entit…
INSIDER TRADING — Wheaton officers sell shares
Two officers of Wheaton River Minerals (TSE) sold shares in September and October. According to the Ontario Securities Commission’s OSC Bulletin, President Visco Jutronich sold 102,500 shares at $1.80…
Lo Increible elicits high hopes for Labyrinth
Exploration is under way on Venezuela’s Lo Increible property, and expectations are running high. Labyrinth Resource (VSE), which has a market capitalization of close to $90 million, holds an option o…
ODDS’N’SODS — Clayoquot Sound and mining
The rabid environmentalists seem to be stymied in their campaign to shut down the logging industry of Clayoquot Sound in British Columbia. The government stands firmly committed to its land-use decisi…
SPOT PRICES AT A GLANCE (December 06, 1993)
Week’s Price (US) Change Gold* $370.10 – $6.00 Silver* $ 4.33 – $0.22 Platinum* $366.75 – $5.90 Nickel** $ 2.10 – $0.02 Lead** $ 0.19 + $0.01 Copper $ 0.74 $0.00 Zinc $ 0.42 $0.00 Courtesy of Scotiaba…
TORONTO STOCK EXCHANGE INDICES (December 06, 1993)
— Week — Nov 30 Nov 29 Nov 26 Nov 25 Nov 24 High Low Composite”300″ 4180.21 4170.33 4220.61 4229.18 4223.34 4233.58 4168.06 Metals&Minerals 3275.99 3257.66 3274.72 3269.89 3274.33 3290.40 3257.53 In…
Platinova advances Greenland zinc play
Toronto-listed Platinova A/S has reported encouraging values from its sedimentary-exhalitive-type zinc discovery in northeast Greenland. The company holds an exploration concession which covers a sedi…
PEOPLE — GOLDBROOK EXPL.
Joseph Notaro appointed vice-president, finance; Avrom Howard appointed vice-president, exploration.