Easton says option not good enough
An option agreement whereby Easton Minerals (VSE) was to acquire a 51% interest in the Goodenough gold mine in Zimbabwe has been terminated.Easton stated it was not sufficiently encouraged during the …
News
Index (July 10, 1995)
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PEOPLE — KILO GOLD
Peter Workum appointed president and Theodor Hennig appointed vice-president.
Exploration planned for Greenland
An option agreement with Platinova A/S (TSE) sets the stage for Cartaway Containers to earn a 50% interest in three mineral concessions on the west coast of Greenland.The claims were staked by Platino…
Cornucopia Res. to acquire gold producer in Arizona
The planned purchase of Addwest Minerals for US$22.3 million will give Cornucopia Resources (TSE) a 50,000-oz.-per-year gold producer.Addwest, a wholly owned subsidiary of Addington Resources (NASDAQ)…
Ivory starts work program
Exploration work is under way on property held by Ivory Oils & Minerals (VSE) about 12 km southwest of Diamond Fields’ main discovery in the Voisey Bay region of Labrador.The first phase of work inclu…
Miranda options Mexican property
Miranda Industries (VSE) can acquire the Colorada gold concession in Mexico’s Sinaloa state.To do so, it must make annual payments of US$58,000 over a 5-year period, followed by a final payment of US$…
Cameco finances Kyrgyzstani mine
Toronto-listed Cameco can now proceed with development of the US$360-million Kumtor gold deposit in Kyrgyzstan.Certain lenders will commit US$270 million to the project, and the balance will be provid…
AGF launches new mutual fund
AGF Management has added AGF World Equity Fund to its group of mutual funds.The fund is designed to provide the company with the flexibility to pursue investment opportunities on a global scale. Recom…
Survey shows higher silver demand
For the fifth consecutive year, fabrication demand in the silver mining sector has exceeded supply.In the sixth annual World Silver Survey of the Silver Institute, President Jaime Lomelin says demand …
Roxmark picks up Little Long Lac
The Geraldton, Ont., property that started it all for former mining giant Lac Minerals has been purchased by Roxmark Mines (TSE).Roxmark is paying current owner Algoma Steel $80,000 for that property …
STOCK MARKETS — TSE edges up as interest rate cuts are awaited
Weaker economic signals and the possibility of further interest rate cuts left most investors wondering which way the economy is heading. This dilemma, combined with the long holiday weekend, left man…