Princeton to eliminate debt
Debenture-holders have approved a restructuring plan for Princeton Mining (TSE), thereby paving the way for the company to eliminate its long-term debt. Holders of the company’s $12 million in convert…
News
STOCK MARKETS — Gold and diamonds add lustre to markets
Though not a good week for the base metal miners, our report week was far kinder to the gold and diamond stocks. For example, gold bullion posted a very solid move after drifting sideways for quite so…
IN BRIEF — Fibre-Klad acquires gold property
Calgary-based Fibre-Klad Industries (ASE) has acquired 15 claims near Damoti Lake, about 220 km northwest of Yellowknife, N.W.T. The 11,126-hectare property was acquired through the issuance of 82,477…
ODDS’N’SODS — Roscoe knew Canadian Shield well
The late Stuart Murray Roscoe, an inveterate explorer of the Canadian Shield and a highly respected scientist for the Geological Survey of Canada (GSC) became part of Canada’s mining heritage at an ea…
Int’l Larder continues evaluating Cross mine
MCK Prospectors, the 49%-owned affiliate of International Larder Minerals (TSE), is re-evaluating previously drilled holes at the Cross mine project, near Boulder, Colo. The program involves relogging…
Spot prices at a glance (October 18, 1993)
Week’s Price (US) Change Gold* $366.60 + $13.10 Silver* $ 4.45 + $0.30 Platinum* $370.10 + $10.85 Nickel** $ 2.04 + $0.13 Lead** $ 0.18 + $0.02 Copper $ 0.76 $0.00 Zinc $ 0.42 + $0.01 Courtesy of Scot…
NEWS ROUNDUP — Keylock exploring in Slovak Republic
Exploration is scheduled to begin soon on Keylock Resources’ (ASE) property in the Slovak Republic. The program will assess the gold-silver potential of a large, Tertiary-aged cauldera complex. Accord…
Nebex IP survey on Yellowknife projects
Having completed several drill holes on its 5,300-acre Northbelt gold property, near Yellowknife, N.W.T., Nebex Resources (ASE) is conducting induced polarization (IP) surveys. The surveys are being c…
IN BRIEF — Tanqueray acquires Montana property
Tanqueray Resources (ASE) has acquired the mineral rights to a 2,000-acre garnet property in Montana. Preliminary geological studies have established a resource of more than 250,000 tons of salable al…
NEWS IN BRIEF (October 18, 1993)
Wind River Resources (WID:VSE) has changed its name to Richlode Investments (RLI:VSE) with a consolidation of capital on a 1-new-for-3-old-share basis. Montreal Trust is the transfer agent.
Takla Star earns interest
Alberta-listed Takla Star Resources has entered two agreements with Uranerz U.S.A. (a unit of Uranerz Exploration & Mining) to explore the Slaven Canyon gold projects in Lander Cty., Nev. The projects…
PRODUCER PRICES (October 18, 1993)
ALUMINUM: MW U.S. market US51.50-52.50 cents per lb. (Sept. 30, 1993). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.65 per lb. (Sept. 23, 1…