Spot prices at a glance (May 23, 1994)
Price (US) Week’s Change Gold* $379.69 + $1.19 Silver* $ 5.44 + $0.17 Platinum* $397.25 + $5.50 Nickel** $ 2.81 + $0.21 Lead** $ 0.22 + $0.01 Copper $ 0.99 + $0.04 Zinc $ 0.44 + $0.01 Courtesy of Scot…
1994
KWG options Brazilian properties
Montreal-listed KWG Resources intends to acquire two gold properties, Catalago and Limao, in the Tapajos goldfield of Brazil. As well, the company has applied for an additional 500,000 acres in the re…
EDITORIAL PAGE — And now . . . Bolivia
When the international tin market collapsed in 1985, the Bolivian economy, heavily reliant on tin production, collapsed along with it. More than half the country’s tin mines closed in the following ye…
Directors’ performance subject of TSE study
A draft report of The Toronto Stock Exchange’s Committee on Corporate Governance in Canada is aimed at improving the manner in which corporations are governed. Where Were the Directors?, as the report…
Bre-X gets more encouragement from pair of Indonesian
Exploration of the Taware Valley and Kupa prospects in Indonesia has returned encouraging results for Bre-X Minerals (TSE). The prospects are situated on Sangihe Island in the area known as North Sula…
EDITORIAL PAGE — Investor interest in gold
During the past year, gold prices have been on the rise. After falling to US$326 per oz. in March, 1993, they have risen in what may prove to be the beginning of a major cyclical upward move, accordin…
NEWS ROUNDUP — La Teko advancing Alaskan projects
A subsidiary of La Teko Resources (VSE) plans to resume exploration and development of its Ryan Lode and True North projects near Fairbanks, Alaska. About 60,000 ft. of drilling is planned in an effor…
NEWS ROUNDUP — Ontex plans rights offering
To finance work at its Brookbank gold property near Beardmore, Ont., Ontex Resources (ASE) plans to make a rights offering. In so doing, the junior hopes to raise $835,000. Each Ontex shareholder will…
PEOPLE — MK GOLD
Terry Eller elected vice-president, secretary and general counsel.
PEOPLE — VENORO GOLD (May 23, 1994)
Rodney Duncan appointed director, president and chief executive officer; Michael Iannacone appointed director and chief financial officer; Jose Furnaguera Castellon, Robert Kendrick, Seven Kerr, Danie…
Study calls for Briggs development
With positive results in hand from an independent feasibility study, Canyon Resources (NASDAQ) says mine development could begin this fall at the Briggs gold project in southeastern California. Constr…
LETTER TO THE EDITOR — Determining gold content in samples
During the past year, your paper has covered, with appropriate caution, reports of unusual gold mineralization from Fort MacKay in Alberta, Brookfield in Nova Scotia and a property in Arizona. The rep…