Cambior eyes Cameron Lake
Cambior (TSE) has entered into an option agreement with Nuinsco Resources (TSE) under which the gold producer will earn a 51% interest in the Cameron Lake gold property, 80 km southeast of Kenora, Ont…
News
Voisey’s it is
It’s Diamond Fields’ project, and it’s Voisey’s Bay.The first printed record of the most famous bay in Labrador was in 1909, when George Voisey referred to it as Voisey’s Bay in an oath transcribed in…
Greater Lenora to decide on Goldfields
Greater Lenora Resources (TSE) will decide in January whether to bring its Goldfields project into production.The company is in discussions with merchant banker Rothschild Denver to arrange debt finan…
Indomin Res. tops up its treasury
An offering of 5 million units at $1.60 each will provide Indomin Resources (VSE) with funds to pursue its interests in Indonesia.The placement was well-received and, including the greenshoe option of…
TSE SHORT POSITIONS (December 25, 1995)
Short positions outstanding at November 30, 1995Larger individual positions included: Barrick Gold 6,159,554; Agnico-Eagle 190,043; Arequipa 109,000; Bema Gold 1,250,700; Caledonia M’g 287,200; Campbe…
Tandem and NAR pull gold
In Guibord Twp., 17 km east of Matheson, Ont., Tandem Resources (ME) and NAR Resources (ME) have drilled a 4.4-metre intersection containing 8.6 grams gold per tonne (0.25 oz. per ton).Contained in th…
Trenching work confirms Beep Mat showings in Berthiaume Township
The Beep Mat Syndicate, a consortium of exploration and geophysical firms, has trenched a Beep Mat conductor in Berthiaume Twp., Que., confirming a mineralized zone 35 metres long and 4 to 5 metres wi…
Jerooy project shelved due to costs
The viability of the Jerooy gold project in the former Soviet republic of Kyrghyzstan is in question.MK Gold (NASDAQ) has decided the economics of the project will have to improve before it can procee…
COMMENTARY — Green extremists threaten New World
Crown Butte Mines’ New World gold-copper-silver project in Montana continues to grind through the permitting, legal and political process.As the Draft Environmental Impact Statement (EIS) nears comple…
Atlas, Phoenix deal
From a group of individual investors, Atlas (NYSE) has purchased 51% of the outstanding shares of Phoenix Financial Holdings (CDN).In return for US$1.3 million, it acquired 12.2 million shares, and co…
PRODUCER PRICES (December 25, 1995)
ALUMINUM: MW U.S. market US77.25 cents-78.25 cents per lb. (Dec. 8, 1995).ANTIMONY: MW New York dealer US$2.00-2.20 per lb. (Dec. 8, 1995).BISMUTH: MW New York dealer US$4.10-4.30 per lb. (Dec. 8, 199…
Booker Gold zeros in on breccia
Proceeds from a $1-million private placement will be used by Booker Gold Explorations (VSE) to continue drilling through the winter at its Hearne Hill copper-gold project, 65 km northeast of Smithers,…