METAL PRICES — FREE MARKET (June 26, 1995)
London Metal ExchangeSpot closing prices in $US per tonneDateJune 20 June 19June 16 June 15June 14Copper3110-3115 3040-30503022-3024 2961-29622867-2870Lead596.5-597.5 600-601612-613 611-612…
1995
New Horizons — Diamonds in California
Although California has been one of the most productive regions in North America for diamonds, the region does not fit any classical exploration model for diamondiferous kimberlite or lamproite.The st…
El Callao outlines gold zone in Venezuela
Drilling on the Venezuelan property known as Lo Increible is outlining a second zone of gold mineralization for El Callao Mining (VSE).The company, which is earning up to a 70% interest in the propert…
Avalon steps up exploration efforts
With ground next to one company’s past failure and another’s recent bonanza, newly revived junior Avalon Ventures (TSE) is preparing for a busy exploration season in 1995.Avalon recently entered into …
Heap-leach test is planned for Cumaral property
CDN-listed Aronos Multinational plans to perform a heap-leach test on placer material from its Cumaral gold-silver project in northern Mexico.Situated 85 km from Hermosillo, the deposit contains fine …
Kinbauri Gold expands ground in Burkina Faso
Junior explorer Kinbauri Gold (CDN) is expanding its presence in the West African nation of Burkina Faso.An agreement with two Montreal-listed companies, Loubel Explorations and Melkior Resources, cal…
Nebex steps up efforts in Albania
Seven copper-zinc-gold targets have been identified on one of two Albanian mining concessions recently obtained by Nebex Resources (ASE).President Brian Douglas says two immediate drill targets have b…
Mount Polley decision expected before fall
The Mount Polley project in central British Columbia could be producing copper and gold by the end of the first quarter of 1997.At the annual meeting of Imperial Metals (TSE), President Pierre Lebel s…
Breakwater back from the brink
With progress being made to address the metallurgical difficulties at the Caribou zinc-lead-silver mine, Breakwater Resources (TSE) is well on the road to recovery, company officials say.”Your company…
Triton starts trenching at Topacio gold project
The Topacio gold project in southeastern Nicaragua is gradually taking shape under the direction of Triton Mining (TSE).Previous work, in the mid-1980s, identified a probable resource of 559,000 tonne…
LETTER TO THE EDITOR — Great Lakes puts foot in mouth
In the article “Geomaque resists merger” (T.N.M. May 12/95), Great Lakes Minerals Chairman John McBride refers to information in Geomaque’s letter to shareholders dated June 5, 1995, as “a lot of bunk…
Gold Funds (June 26, 1995)
Gold Funds as of June 20BGRCentralNet Value$17.78$6.77Price$14.50$7.125Discount18.43%Premium5.2%Value$138,979,000$128,957,513…