Spot prices at a glance (March 13, 1995)
Week’s Price (US) Change Gold* $383.10 + $6.80 Silver* $4.68 + $0.21 Platinum* $419.50 + $10.50 Nickel** $3.47 + $0.22 Lead** $0.26 + $0.01 Copper $1.32 + $0.04 Zinc $0.46 + $0.01 Courtesy of Scotiaba…
1995
Allegheny extends Olcott zone
Drilling has extended the Olcott zone at depth and in a southeasterly direction, Allegheny Mines (ASE) reports from its northwestern Ontario gold project. Six holes intersected the structure to a vert…
Barrick Gold drill rigs active at Moneta’s Michaud claims
Mining giant Barrick Gold (TSE) has released the results from the first 1,927 metres of drilling on the Michaud claims north of Kirkland Lake, Ont. Three holes were drilled to test the Porcupine Desto…
NEWS IN BRIEF — Parkside Ventures (PKV:VSE) has changed its
Junior Da Capo Resources (VSE) continues to work its Bolivian properties, with promising results. Assays from diamond drilling on the Capa Circa property include 126.4 metres of 0.98 gram gold per ton…
Black Swan funds Brazilian projects
A private placement is expected to provide Black Swan Gold Mines (TSE) with $1.2 million, which it will use to acquire and develop the Santa Helena and Novo Mundo gold prospects in Brazil. The placeme…
GOLDFUNDS (March 13, 1995)
BGR Central Net Value $15.83 $6.30 Price $13.25 $6.375 Discount 16.29% Premium 1.2% Value $123,856,000 $115,383,038…
Alaskan permits stalled for Echo Bay
A report by the Environmental Protection Agency (EPA) is stalling the permitting process required to reopen the historic Alaska-Juneau gold mine. The project is owned by Echo Bay Mines (TSE). A Techni…
River Gold, Muscocho group in mill deal
Gearing up for production during the third quarter of this year at its Eagle River gold project near Wawa, Ont., River Gold Mines (TSE) has reached a leasing deal for the nearby Magnacon mill. The mil…
Airborne survey for New Brunswick
The mineral industry in New Brunswick received a boost when it was announced that the province will undergo an airborne geophysical survey. Aimed at identifying exploration targets, the survey will be…
FREE MARKET (March 13, 1995)
London Metal Exchange Spot closing prices in $US per tonne Date March 7 March 6 March 3 March 2 March 1 Copper 2877-2878 2897-2898 2924-2925 2872.5-2873.5 2815-2816 Lead 573-574 585-587 590-592 570.5-…
Lonrho axes Rowland
After 34 years, British conglomerate Lonrho has severed its links with its founder, Roland (Tiny) Rowland. Lonrho says Rowland has ceased to be a director or employee of the company, Agence France Pre…
Ashanti dominates Accra exchange
Partially privatized gold producer Ashanti Goldfields of Ghana dominates economic activity on Accra’s fledgling stock exchange, according to figures released by a senior exchange official in Accra. As…