1994

NEWS ROUNDUP — Columbia examines Chinese projects

China’s mineral potential appears to have captured the interest of Columbia Gold Mines (VSE). The Vancouver-based junior recently visited the country and carried out field examinations and technical r…


Chesbar, VenCan to join forces

Two Toronto-based juniors — Chesbar Resources (ME) and VenCan Gold (ME) — plan to combine their property interests in Venezuela. Details of the proposed amalgamation will be released shortly. If all…




COMMENTARY — The future of nuclear power

Saskatoon, Sask.-based Cameco is a uranium company, and as such its prospects are tied to the future of nuclear power. About 17% of the world’s electrical needs are met by nuclear reactors. Forecasts …


Spot prices at a glance (June 13, 1994)

Week’s Price (US) Change Gold* $381.90 – $5.35 Silver* $ 5.33 – $0.21 Platinum* $397.35 – $4.90 Nickel** $ 2.87 + $0.03 Lead** $ 0.23 $0.00 Copper $ 1.06 + $0.04 Zinc $ 0.43 $0.00 Courtesy of Scotiaba…


TSE INDICES (June 13, 1994)

— 1994 — June 7 June 6 June 3 June 2 June 1 High Low Composite”300″ 4326.77 4268.96 4281.02 4280.58 4289.66 4609.93 3518.31 Metals&Minerals 3736.83 3675.06 3701.18 3658.65 3692.59 3879.59 3273.56 In…


Cactus plans drill program

With drilling planned for three properties this summer, Cactus West Explorations (VSE) is gearing up for an active season. At least 40 reverse-circulation holes are planned on the Pamlico property sou…



Con mine turnaround continues

Operations continue to improve at the Con underground gold mine in Yellowknife, N.W.T. Miramar Mining (TSE) reports that cash costs for the first three months of 1994 averaged, US$294 per oz., compare…


STOCK MARKETS — Despite pressure, TSE makes gains

Despite downward pressure from rising interest rates and falling bond prices, the Toronto Stock Exchange (TSE) still managed to gain ground over our report period, ended May 31. On May 31, the Bank of…


Damoti drilling extends BIF zone

Drilling at the Damoti Lake property north of Yellowknife, N.W.T., is returning encouraging results. Hole D-50 returned a 43-ft. intersection grading 0.094 oz. gold per ton, including a 12.1-ft. secti…


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