Gold Funds (October 31, 1994)
BGR Central Net Value $18.52 $6.81 Price $14.38 $7.00 Premium 2.8% Discount 22.39% Value $150,490,000 $126,695,100…
1994
Mexican venture for Cambior
Montreal-based Cambior (ME) will enter a joint venture with Aurizon Mines (VSE) concerning the latter’s La Reyna copper-gold property in Mexico’s Sinaloa state. Situated 30 km east of the port city of…
Da Capo tests Bolivian project
Toronto-listed Da Capo Resources is encouraged by initial drill results from the Amayapampa property in Bolivia. The junior can earn up to a 70% interest in the historic gold mine by paying the owner …
Business in China
Professional services firm Ernst & Young has released a 150-page book on “Doing Business in China,” which provides an overview of the investment climate, taxation, forms of business organization, and …
New discovery at Taurus mine project
Drilling by International Taurus Resources (VSE) at the Taurus minesite in northern British Columbia is expanding a newly discovered zone of mineralization. The zone consists of quartz stockwork miner…
NEWS ROUNDUP — Canchrome, Bruneau sign agreement
Montreal-based Canchrome Mines (ME) intends to earn a 51% interest in two gold and base metal properties from Bruneau Minerals (ME). The Allard property consists of 76 contiguous claims in Desmazures …
NEWS ROUNDUP — Rio Narcea hits high-grade gold
Three diamond drill holes have intersected high-grade gold mineralization at the Spanish property known as El Valle-Boinas. Rio Narcea Gold Mines (TSE) reports that VAL-46, drilled to confirm previous…
Norcan exploring Venezuelan project
Upon completion of a proposed $2-million financing, Norcan Resources (VSE) should be in good financial shape to begin exploring the NCJ-La Trinidad project in Venezuela’s El Dorado district, in Boliva…
Falco drilling Kidd Creek zone
Recent drilling by Falconbridge (TSE) has returned encouraging results from the company’s Kidd Creek No. 3 mine near Timmins, Ont. Four new holes, drilled between the 2,380- and 3,000-metre levels, in…
PRODUCER PRICES (October 31, 1994)
ALUMINUM: MW U.S. market US80.5 cents-82.00 per lb. (Oct. 13, 1994). ANTIMONY: MW New York dealer US$2.80-2.90 per lb. (Sept. 29, 1994). BISMUTH: MW New York dealer US$3.90-4.30 per lb. (Sept. 29, 199…
Canmine calculates tonnage
Following a summer drill program, Canmine Resources (ASE) has calculated a reserve figure for the Island zone on its Fer polymetallic property near Flin Flon, Man. Based on an area of influence of 50 …
Pangea exploring Tanzanian gold projects
Having revised its mining and investment laws after almost 25 years of socialist rule, a new era of mineral exploration appears to be dawning in this East African republic. Poised to take advantage of…