Cyprus seeks El Abra funding
With a feasibility study wrapped up, Cyprus Amax Minerals (NYSE) is seeking almost US$1 billion to develop the Chilean copper project known as El Abra. The company is seeking a loan of $US700 million …
News
Drilling tests copper-cobalt targets in Mexico
Drilling on Copperstone Resources’ (VSE) Purgatorio concession in Mexico has confirmed the continuity of sediment-hosted copper-cobalt mineralization. The concession, situated north of Santa Rosalia i…
Uranium Institute to mark 20th year
The 1995 Symposium of The Uranium Institute will mark that organization’s 20th anniversary. The event is scheduled for Sept. 6-8 in London, England. Key issues to be addressed include decommissioning …
Platinova gets moly play
Following recent price increases in the molybdenum market, Platinova A/S (TSE) has acquired the Malmbjerg deposit in Greenland. The deposit is 20 km from deep tidewater on the east coast at 72 north l…
DIAMOND NEWS ROUNDUP — Aber announces further results from
Diamond explorer Aber Resources (TSE) has released final results from two small-diameter holes drilled last fall on its Diavik project in the Northwest Territories. A total of 349.5 kg of kimberlite w…
STOCK MARKETS — Sliding indexes add to ongoing VSE slump
The Vancouver Stock Exchange indexes continued on a downward slide over the report period ended Jan. 17. The composite index dropped 13.68 points to close at 742.52 while the resource index fell 33.31…
Princeton drilling Elenita copper project in Chile
At the Mina Elenita copper property in northern Chile, a reverse-circulation drill program is in full swing. The property, situated near Antofagasta, hosts a manto-type oxide copper deposit with an es…
East Africa drilling in Tanzania
Partial assay results received from a shallow drill program on East Africa Gold’s (VSE) Nyakafuru property in Tanzania have confirmed the presence of significant gold mineralization. The 63-hole, 906-…
Juniors swarm near Murgor
Geophysical work — including magnetic, induced-polarization and very-low-frequency surveys — is being carried out by Murgor Resources (VSE) on its 14-claim property near Lebel-sur-Quevillon, Que. Pr…
Daisy could bloom into gold producer
The open-pit proven and probable reserve of the Secret Pass deposit in Nevada is expected to rise to about 18 million tons containing 425,000 oz. gold. The deposit, managed by Inter-Rock Gold (ME) and…
New deals for Major General
In acquiring an option to buy into the Brass Buckle gold property near Springdale, Nfld., Major General Resources (VSE) has expanded its portfolio of Canadian exploration projects. A 70% interest is a…
TSE SHORT POSITIONS (January 23, 1995)
Semi-monthly reports as of Dec 15, 1994 showed 255,885,020 shares of 813 issues compared with 252,151,713 shares of 818 issues on Nov 30, 1994. Larger individual positions included: Aber 57,140; Agnic…