Mutual, Golden Knight amend amalgamation
Terms for the proposed merger of Mutual Resources (VSE) and Golden Knight Resources (TSE) have been amended.Mutual shareholders will now receive one Golden Knight common share plus one share purchase …
1995
Meetings (September 11, 1995)
MEETINGSSept. 18, Calco Sept. 18, Camnor Sept. 18, Coleville Sept. 18, Czar Sept. 18, Midrim Sept. 18, New Bidlamaque Gold Sept. 18, Silver Eagle Sept. 18, Tenajon Sept. 19, Brookline Sept. 19, X-CalS…
Tarp Lake shapes up, assays pending
A 5-hole drill program has wound down on the Tarp Lake gold project near Pickle Lake, Ont.The project is funded by Avalon Ventures (VSE), which can earn a 49% interest from operator Inmet Mining (TSE)…
Barrick to drill Paula Cecilia project for Jordex
Under a joint-venture agreement in Brazil, Barrick Gold (TSE) has begun drilling 1,000 metres on the Paula Cecilia property of Jordex Resources (TSE).The deal covers nine of Jordex’s gold exploration …
Drilling intensifies at Taurus project
Exploration efforts are gaining speed at the Taurus gold project near Cassiar in north-central British Columbia.Two diamond drills are currently turning, and Cyprus Amax Minerals (NYSE) is about to ad…
EDITORIAL PAGE — Rethinking government exploration incentives
For most investors, mining is a game — and an extremely risky one at that. By far the largest risk is the simple fact that ore deposits are rare and, typically, difficult to find.This element of risk…
METAL PRICES — FREE MARKET (September 11, 1995)
London Metal ExchangeSpot closing prices in $US per tonneDateSept. 5 Sept. 4Sept. 1 August 31August 30Copper2887.5-2888.5N/A2917-29222960-29653000-3005Lead578-578.5N/A577-578 616-617622…
East Africa Gold drills in Nykafuru
Drilling on the Nykafuru property in northwestern Tanzania is confirming the continuity of the Number Two East and the Number Two West Reefs for East Africa Gold (VSE).The East Reef has now been drill…
Pallaum gains a foothold in Crescent Valley
Pallaum Minerals (VSE) can earn up to a 65% stake in the Bullion Mountain property in Nevada’s Crescent Valley.The announcement follows an agreement reached with 60-40 partners Cactus West Exploration…
Alta ups resource at Olinghouse
The first phase of drilling by Alta Gold (NASDAQ) at its Olinghouse gold project near Reno, Nev., has expanded the geologic inventory by 90,000 oz.The 31-hole program discovered new geologic resources…
Production shortfall lowers Goldcorp earnings
Three disadvantages combined to dampen second-quarter earnings for Goldcorp (TSE): a drop in gold production; a lower realized gold price; and higher operating costs at the Wharf mine in South Dakota….
Manville sells interest in Stillwater for US$110 million
A small group of private institutional investors has bought 5.4 million unregistered shares of Stillwater Mining (NASDAQ) from its parent company, Manville (NYSE).The privately negotiated placement, w…