COMMENTARY — Figuring out the market
Analyst David Williamson in London ponders the ups and downs of the market in a recent edition of his “International Mining Review” newsletter: Recently, I have been focusing on the values that the ma…
News
NEWS ROUNDUP — Viceroy looks to Argentina
The right to earn a half interest in an Argentine exploration company gives Viceroy Resources (TSE) a valuable foothold in that country. Viceroy can gain its stake in Minas Argentinas by spending US$3…
DIAMOND PAGE — Golcanda extends BHP deal deadline
Junior diamond explorer Golconda Resources (ASE) has extended the deadline by which BHP Minerals International Exploration can enter a joint venture and earn a 51% interest in Golconda’s Idaho diamond…
Dentonia passes rights plan for shareholders
Shareholders of Dentonia Resources (VSE) have approved a poison pill which they will swallow in the event of an unsolicited takeover bid. Under the new shareholder rights protection plan, a “permitted…
GMD, New Discovery explore Yellowknife play
Hoping to take advantage of the developing infrastructure near Nicholas Lake, N.W.T., partners GMD Resource (VSE) and privately owned New Discovery Mines are gearing up to begin an exploration program…
FirstMiss continues Turquoise Ridge work
Diversified industrial company First Mississippi has posted its highest earnings since 1981. The accomplishment is partly due to higher gold prices and gold production reported by its 81.4%-owned subs…
METAL PRICES — FREE MARKET (January 09, 1995)
London Metal Exchange Spot closing prices in $US per tonne Date Jan. 3 Jan. 2 Dec. 30 Dec. 29 Dec. 28 Copper 3039-3040 N/A 3039-3040 3016-3017 3014-3015 Lead 650-651 N/A 650-651 649-650 643.5-644.5 Zi…
Bru-Lovie returns values for Ramrod
Additional drilling is planned on the Bru-Lovie gold project in Crescent Valley, Nevada. Consolidated Ramrod Gold (TSE) has drilled eight offset holes to test mineralization around hole CB94-2, which …
Merger gets shareholder approval
Shareholders of Minorca Resources Ltd. (VSE), Orco Resources (ME) and Denyvan Resources (ME) have approved a reorganization plan enabling the companies to merge. The merger was effected Jan. 1 through…
Francisco plans drilling at Dura
Geophysical work at La Dura, a gold property in Mexico’s Sonora state, has set the stage for reverse-circulation drilling. Francisco Gold (VSE) says an induced-polarization survey identified an area t…
Gem River to mine Montana sapphires
Privately-owned Gem River will soon be mining sapphires commercially at its Dry Cottonwood Creek property in Montana. Last year, the company carried out a testing program and hired engineering consult…
NEWS ROUNDUP — Global Stone deals for Detroit Lime
Industrial minerals company Global Stone (TSE) acquired a 10-year lease on virtually all the assets of Detroit Lime Co. in Michigan. Global paid a US$5-million security deposit and acquired inventorie…