1995

Laminco tests San Antonio

Plans to develop the Luz del Cobre copper deposit as an in situ leaching operation are on hold as Laminco Resources (TSE) evaluates the potential for bulk-tonnage gold mineralization. Luz del Cobre fo…



TSE INDICES (April 10, 1995)

— 1995 — Apr 4 Apr 3 Mar 31 Mar 30 Mar 29 High Low Composite”300″ 4251.76 4277.24 4313.61 4319.49 4299.00 4320.52 3983.34 Metals&Minerals 4148.04 4112.48 4152.24 4179.06 4145.16 4337.89 3273.56 Inte…


Bre-X firms up Busang gold play

Stepout drilling at the Busang project in Indonesia has reinforced the owner’s perception that the Central zone could host a gold resource minable by open-pit methods. Bre-X Minerals (ASE) drilled six…


BHP options copper project

Australian mining giant BHP Minerals will join forces with Francisco Gold (VSE) on the Coahuila copper project in Mexico. Exploration to date indicates the presence of a large, sedimentary-hosted copp…


Waddy Lake and Golden Rule revise Komis reserves

TSE-listed partners Waddy Lake Resources and Golden Rule Resources have taken a closer look at the geology of the Komis gold deposit and, in the process, recalculated the reserve figure. The deposit, …


ODDS’N’SODS — Diamonds in the Appalachians

The occurrence of diamonds in the eastern U.S. has been well documented since 1843, and possibly even earlier. The authenticated diamonds range in size from 0.25 carats to the Punch Jones diamond, whi…


Canyon shows loss for the year

Colorado-based Canyon Resources (NASDAQ), as expected, reported a loss for 1994. The company, which expanded its international exploration and experienced a full year of interest expense on its conver…


Western Copper boosts Thermal stake

An additional private placement gives Western Copper Holdings (TSE) a total of 5.8 million shares of Thermal Exploration (ASE), or about 35.5% of its issued shares. The placement comprises 1.2 million…


METALS COMMENTARY — Metals return to fundamentals

Metal markets continued to show signs of recovery in March as supply-demand fundamentals regained prominence. Metal manufacturers throughout the Organization for Economic Co-operation and Development …


11 (April 10, 1995)

Explorer Mongolia Gold Resources (VSE) is negotiating to acquire a second property in the central Asian country. Previous work outlined a potentially open-pit resource of 27.5 million tons grading 0.0…



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