N.A. Palladium in midst of suit
The Sheridan Group company Dalhousie Oil (CDN) has begun legal proceedings against North American Palladium (TSE), its wholly owned subsidiary Lac des Iles Mines, Kaiser-Francis Oil and others. Accord…
News
STOCK MARKETS — Russian turmoil zaps gold bugs into action
Thanks to Russian President Boris Yeltsin, who this past week, in effect fired the Russian Parliament, and appointed himself sole (though interim) chief, gold bugs were prodded off the sidelines and i…
Magma cancels Azco investment
A difference of opinion between Azco Mining (TSE) and Magma Copper (NYSE) over capital and operating costs at the proposed Sanchez project in southeast Arizona has prompted the latter to drop plans to…
Spot prices at a glance (September 27, 1993)
Week’s Price (US) Change Gold* $355.00 + $9.75 Silver* $ 4.07 + $0.03 Platinum* $362.75 + $9.75 Nickel** $ 1.90 – $0.10 Lead** $ 0.17 $0.00 Copper $ 0.80 – $0.07 Zinc $ 0.40 $0.00 Courtesy of Scotiaba…
Additional results from CHOCO-6
Trenching and sampling are continuing at the CHOCO-6 property in Venezuela’s El Callao district. Trenching by Gold Vessel Resources (ASE) at both the Cerro Azul and Camp zones has outlined two subpara…
Financing (September 27, 1993)
Pure Gold Resources Inc. — 5,000,000 units each unit consisting of 1 sh and 1 sh purchase wt and issuable upon the exercise of special wts @ 20 cents per special wt. Venezuelan Goldfields Ltd. — 3,5…
LAST BUT NOT LEAST — New zones at Bralorne
Soil-sampling and trenching on the Bralorne gold project in southern British Columbia has uncovered five gold zones to the northeast of the Fergusson overthrust. Avino Mines & Resources (VSE), owner o…
EDITORIAL PAGE — Is there no justice?
It was with sorrow that we learned recently of the death of television icon Raymond Burr. The Canadian actor will always be remembered for his role as that winningest of lawyers, Perry Mason. His demi…
Wheaton to issue private placement
Junior gold miner Wheaton River Minerals (TSE) plans to issue a private placement of 500,000 units at $1.58 each to raise $790,000. Each unit will consist of one common share and one warrant. Each war…
Flag hits zone in Wanapitei drilling near Sudbury
A hole drilled on Flag Resources’ (ASE) Wanapitei property, northeast of Sudbury, Ont., has intersected 166.4 ft. of mineralized breccia. The 200-ft. hole, drilled to test an induced polarization anom…
Fairfield selling more gold
So far this year, Fairfield Minerals (TSE) has produced more than 6,000 oz. gold and 5,500 oz. silver from test mining on its Siwash North gold deposit near Merritt, in southern British Columbia. The …
Loki goes it alone at Brewery Creek
Junior Loki Gold (VSE) continues to work towards a Jan. 1, 1994, deadline for deciding whether it will initiate a feasibility study for its Brewery Creek gold project, 57 km east of Dawson City, Y.T. …