GOLD FUNDS (October 11, 1993)
Gold Funds as of Oct. 5 BGR Central Net Value $13.31 $5.72 Price $11.75 $6.375 Discount 11.73% 11.5% Value $74,562,000 $115,383,038…
News
EDITORIAL PAGE — Taken for granted
It seems that too many Canadians see only the benefits of a world in which mining and its “loathsome” Windy Craggys are absent. It would be true, for example, that the world would be a quieter place w…
COMMENTARY — Pipes susceptible to erosion
Kimberlites and lamproites were intruded through the Earth’s crust over a wide variety of ages. Not surprisingly, they have all experienced some degree of erosion. In Botswana, a thick cover of windbl…
LETTER TO THE EDITOR — Make your mining views known
We should think back during the past four years and count the number of times we have cursed all levels of government for the lack of support shown to mining. The dire situation we face in virtually e…
Crown Butte Res. awaits approval
Annual output at Crown Butte Resources (TSER) New World project in Montana is projected to be 130,000 oz. gold. The company is awaiting a decision on an environmental impact statement which would ena…
Adrian commissions Petaquilla study
Adrian Resources (VSE) has retained Kilborn Engineering to carry out a study of the Cerro Petaquilla concession in Panama. The study will enable Teck (TSE) to decide whether or not to participate in t…
Dayton decides to go it alone
After a series of fruitless merger proposals, Dayton Mining (TSE) has decided to develop the Andacollo project on its own, for the time being. The project, in central Chile, was last estimated to cont…
Diamond Fields raises $5 million
A brokered private placement of 1.5 million special warrants at $3.40 each will net Diamond Fields Resources (VSE) just under $5 million. The issue replaces a financing which the company was forced to…
Deep extension possible: MSV
Drilling by MSV Resources (ME) on its Copper Rand property near Chibougamou, Que., indicates a deep extension of the gold-copper mineralization. The company says “interesting gold and copper values” w…
STOCK MARKETS — Gold remains stable amidst more Russian
One might have expected rather dramatic rumblings in the gold market this report week, when Russian President Boris Yeltsin’s tanks blasted holes in the Russian parliament buildings to end a week-old …
ODDS’N’SODS — The Ringsleben-Lakes connection
I first met Bill Ringsleben and Harold Lakes at the Emerald mine at Salmo, B.C., in the 1940s. Canadian Exploration had recently bought the Iron Mountain holdings from War-Time Metals and was anxious …
ELECTION ’93 — MINING FOR ANSWERS — Tough environmental
In preparation for the Oct. 25 federal election, The Northern Miner asked representatives of four of the main political parties to respond to a series of questions pertaining to mining. All representa…