Breakwater Resources Ltd

Breakwater acquires Tunisian zinc-lead mine

Breakwater Resources (BWR-T) has acquired the Bougrine zinc-lead mine in Tunisia, together with all other assets of Socit Minire de Bourgrine.The Toronto-based company will pay US$19.3 million for the…


Radisson Mining withdraws $15.5-million prospectus

Citing “unfavorable market conditions,” Rouyn-Noranda, Que.-based Radisson Mining Resources (rds-m) is withdrawing its current prospectus, which qualified the offering of its securities for a maximum …


Inmet posts profit in second quarter

Thanks to higher copper and zinc prices, as well as drops in both cash costs and exploration expenditures, Inmet Mining (IMN-T) was able to post a profit for the second quarter.For the three months en…




Financing completed for Caribou mine

Junior Breakwater Resources (BWR-T) has raised sufficient funds to start up the Caribou base metal mine in New Brunswick.The sale of 14.4 million shares at $2.15 each has closed, raising gross proceed…




Drilling expands East Amphi

Drilling has expanded the resource at the East Amphi gold project near Malartic, Que.Diamond drilling, conducted in 1995 and 1996 by Placer Dome (PDG-T), has increased the geological resource at East …


Caribou mine plan gets nod

East West Caribou Mining, a unit of Breakwater Resources (TSE), has received approval from New Brunswick’s ministries of environment and natural resources to proceed with development of the Caribou an…


More work planned for Ileninga Lake

With positive 1995 results in hand, Inco (TSE) is pressing on with exploration of the Ileninga Lake massive sulphide property in the Northwest Territories.Last year, the nickel giant acquired an optio…


Marshall sells deposit to Breakwater Res.

Toronto-listed Marshall Minerals has sold its Restigouche base metal deposit near Bathurst, N.B., to Breakwater Resources (TSE) for $3.5 million.Breakwater will issue 1.5 million common shares to Mars…


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