Minefinders options five prospects
Toronto-listed Minefinders has optioned from Equinox Resources (TSE) a 51% interest in each of five gold properties in the western U.S. Four properties are in north-central Nevada and encompass 3,800 …
1994
LATIN AMERICAN SPECIAL — NEWS ROUNDUP — Codelco suffers
Trading losses of US$200 million on the futures markets were estimated earlier this year by Chile’s Codelco, the world’s largest copper producer. According to reports, a trader on the London Metals Ex…
LATIN AMERICAN SPECIAL — NEWS ROUNDUP — Restructuring of
The new Chilean government is considering restructuring Codelco to make it more responsive to the markets. A proposal calls for the transformation of Codelco into a holding company and the creation of…
Nebex focuses on Daigle Lake
Nebex Resources (ASE) is planning more drilling on its Daigle Lake gold property near Yellowknife, N.W.T. It will focus on the MLT zone, which is part of the Shear 20 structure. MLT is 2,000 ft. long …
LATIN AMERICAN SPECIAL — Guyana, Suriname, French Guiana —
The current interest in South America’s gold potential owes much to the pioneering activities of Golden Star Resources (TSE) at at time when foreign projects were usually discounted by investment anal…
Gold Funds (April 11, 1994)
Gold Funds as of Apr. 6 BGR Central Net Value $17.74 $7.13 Price $15.75 $8.125 Premium 14.0% Discount 11.21% Value $144,113,000 $147,056,813…
STOCK MARKETS — Stocks, bonds and dollar stage a rebound
North American stock markets finished the week on an upbeat note as investors re-entered the fray in search of bargains. On April 5, the Toronto Stock Exchange 300 index rallied 43.19 points to 4,273….
Green light for Eskay Creek
The British Columbia government has awarded a mine development certificate to Prime Resources Group (TSE) for its Eskay Creek gold project 80 air-km north of Stewart. The project was given a full tech…
TVI issues special warrants
To finance exploration of its holdings in the Philippines, TVI Copper (ASE) will issue 3.75 million special warrants at 80 cents each for gross proceeds of $3 million. Yorkton Securities will act as t…
EDITORIAL PAGE — Down but not out
At times, it seems as if practically the whole of the Canadian exploration fraternity has packed its bags for Chile or Mexico or Peru or some other distant land. But in spite of the serious barriers e…
ODDS’N’SODS — Sandy’s Red Lake secret
Prospector Sandy McIntyre, who discovered and staked the McIntyre Porcupine mine in Timmins, Ont., in 1909, joined the Red Lake gold rush in 1926. He came with the McIntyre mine crew to work claims th…
Development plan for Porcher Island
A feasibility study by Westmin Resources (TSE) will evaluate the viability of mining the Porcher Island gold deposit near Prince Rupert, B.C. Westmin can earn a half interest in the former producer fr…