Canchrome finances Turgeron program
Montreal-based Canchrome Mines (ME) will use proceeds from a private placement to carry out drilling on the Turgeron gold property in northwestern Quebec. The $150,000 placement consisted of 375,000 f…
1995
NEWS ROUNDUP — ITEC completes $5-m financing
ITEC Mineral, a 67%-owned subsidiary of St. Genevieve Resources (ME), is raising funds to upgrade its Norebec-Manitou mill near Val d’Or, Que. Proceeds from a $5-million financing, consisting of 1.7 m…
OPAP, OMIP funds available
The Ontario government plans to make $5 million available during the 1995-96 fiscal year for exploration work, through two programs. The level of financial assistance is unchanged from the current fis…
PEOPLE — WHEATON RIVER (January 09, 1995)
Thomas Kelly appointed president and chief operating officer.
EDITORIAL PAGE — Opportunity and South Africa
The success of junior mining companies in Canada and Australia has not gone unnoticed by the African National Congress (ANC), the ruling party of South Africa. Nor does ANC appear to be unaware of the…
Sharpe and Freewest cut sulphides in Wisconsin
The first hole drilled by partners Sharpe Energy and Resources (VSE) and Freewest Resources Canada (TSE) on their Horseshoe property in Wisconsin has yielded a significant base metal intersection. Hol…
Drilling under way at Big Gossan
Drilling of the western extension of the Big Gossan copper-gold deposit in Indonesia has returned high-grade values for Freeport-McMoRan Copper & Gold (NYSE). Situated 1 km from the company’s mill on …
Kennecott deal sets precedent
In what is described as a “win-win” situation, the U.S. Forestry Service will allow a subsidiary of Kennecott to explore for and extract minerals from a parcel of land within the Tongass National Fore…
NEWS ROUNDUP — Aussies set sights on Cliff Resources
Shares of Australian-based Black Hill Minerals and Strategic Industry Investments will be exchanged for shares of Cliff Resources (TSE). Although the exchange ratios have not been determined, the dire…
Negotiating an overseas property agreement (2)
The author concludes his 2-part article, the first instalment of which described the principal elements of the standard mineral option and joint-venture agreement used in Canada and the U.S. The secon…
PEOPLE — CYPRUS CLIMAX METALS (January 09, 1995)
William Champion appointed senior vice-president of copper operations; C. Consulas appointed vice-president and general manager of the Bagdad copper mine.
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…