Lyon Lake drills Quebec prospect
A drill program by Lyon Lake Mines (ME) has started on the Waconichi gold prospect 50 miles north of Chibougamau, Que. Eight holes will be drilled to test priority targets determined by geological int…
News
Abitibi options Marshall Lake
A recent agreement enables Consolidated Abitibi Resources (ME) to acquire the Marshall Lake polymetallic property from Challenger Minerals (VSE). Situated 160 miles northeast of Thunder Bay, Ont., the…
Vengold acquiring Lihir interest
Vancouver-based Vengold (TSE) is acquiring an indirect 10% interest in the large Lihir gold project in Papua New Guinea (PNG). The junior has signed an agreement with project manager RTZ (NYSE) to acq…
Cominco Res. re-opens U.S. nickel smelter
An improvement in nickel prices has prompted Cominco Resources International (TSE) to re-open its half-owned Glenbrook nickel smelter in Oregon. A subsidiary of Cominco (TSE) owns the other 50% intere…
ODDS’N’SODS — The gentle mining giant
To say that Chris Christiansen was big would be an understatement. Chris was huge. In an age when size and strength were the key to the labor marketplace, this Swede had outstanding credentials. I fir…
New Goldcore cuts copper in Quebec
In the first hole of a drill program at the Dummondville project in Quebec, New Goldcore Ventures (ME) has intersected several mineralized zones. The drilling is being carried out on the company’s 13-…
Ego commissioning cobalt facility
Loan advances totalling $6 million will contribute to startup of a cobalt recovery plant in Cobalt, Ont. Commissioning is to begin this month on Ego Resources’ (TSE) new facility, which is designed to…
Appeal planned — Warren convicted in Giant mine deaths
The defence team of Roger Warren intends to appeal Warren’s conviction on nine counts of second-degree murder in the bombing deaths of nine miners at the Giant gold mine in Yellowknife, N.W.T. “It sta…
Labrador find fails to rouse western markets
The Vancouver Stock Exchange indexes continued on a downward trend over the report period ended Jan. 24, with the exception of the resource index which gained 1.28 points to finish at 1,189.48. As for…
Aussie official stops in Cuba for discussions
Australian Foreign Minister Gareth Evans recently visited Cuba for talks with President Fidel Castro and other government officials on a lucrative nickel-mining deal and on other prospects for investm…
VenCan options Honduran concessions
In a deal reached with a Honduran company, VenCan Gold (ME) can acquire four concessions hosting gold and silver mineralization. The junior can do so by acquiring all the outstanding shares of Compani…
Spot prices at a glance (January 30, 1995)
Week’s Price (US) Change Gold* $381.70 – $0.30 Silver* $4.81 – $0.09 Platinum* $417.90 – $0.35 Nickel** $4.68 + $0.22 Lead** $0.31 + $0.01 Copper $1.39 + $0.01 Zinc $0.54 $0.00 Courtesy of Scotiabank….