Minefinders active at La Bolsa prospect
Reconnaissance sampling at Minefinders’ (VSE) La Bolsa property, in Mexico’s Sonora state, has revealed the presence of altered rocks with quartz stockworks and anomalous gold values ranging up to 0.3…
1994
Bethlehem, Goldnev repay loan
Partners Bethlehem Resources (TSE) and Goldnev Resources (VSE) will soon finish repaying the loan they received to reactivate the Goldstream mine near Revelstoke, B.C. The final payment of US$528,000 …
Decision near for Cerattepe
A prefeasibility study of the Cerattepe project in Turkey calls for an operation consisting of both underground (copper) and open-pit (gold-silver) workings. The deposit, operated by Cominco Resources…
Asian markets give boost to potash
While slow in Europe and North America, demand for potash continues to grow in Asia, the Middle East and South America, says Roskill Information Services of London in its study, Potash: Market Update,…
SEG optioning ground in Ghana
Montreal-based SEG Exploration (ME) has opted to earn a 75% interest in the Teleku-Bokazo gold property in Ghana, West Africa. The 20-sq.-mile concession lies on the Ashanti Trend, which hosts the Ash…
Ecudor raises funds for Adanac play
Rouyn-Noranda-based Ecudor Mining (ME) is raising what could amount to $750,000, to be applied to its Adanac property in Quebec’s Rouyn Twp. Between 150 and 750 units will be offered. Each unit, price…
Metal Prices (October 17, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date Oct 11 Oct 10 Oct 7 Oct 6 Oct 5 Copper 2485-2486 2497.5-2498.5 2451.5-2452.5 2540-2541 2528-2530 Lead 625-626 631-632.5 633-634 627.5-62…
Broker disclosure required in U.S.
Brokers in the U.S. must now disclose to their customers any payments they make to market makers to execute the orders of customers. The Securities and Exchange Commission in Washington recently appro…
Ore being hauled at Mt. Hamilton
A fleet of trucks is busy hauling ore at the Mt. Hamilton gold mine near Ely, Nev., only three months after Rea Gold (TSE) started construction. Rea secured an option on the property in December, 1993…
Transgold seeks reactivation
CDN-listed Transgold Explorations and Investments (CDN) has asked the Ontario Securities Commission to remove the cease-trading order imposed on it in 1992 for failing to file financial statements. If…
EDITORIAL PAGE — Grading the securities industry
The Canadian securities industry has come under considerable scrutiny in recent years, and each review usually leads to a fresh batch of proposals to reform the regulatory system so that investors can…
Bitterroot to produce garnet
In a bid to become a dominant low-cost producer of alluvial almandine garnet products, Bitterroot Resources (VSE) will buy a 700-ton-per-day modular heavy mineral recovery plant in Arizona. The 4-year…