TSE Shorts (December 20, 1999)
Short positions outstanding at December 6, 1999Larger individual positions include:Abitibi-Consolidated 2,035,398, down 287,271; Alcan Aluminum 1,474,367, down 70,176; Anderson Exploration 1…
News
Maude Lake finds gold
Maude Lake Exploration (MAU-M) has drilled several gold-bearing intersections during a 3,741-metre program recently completed at the Comtois prospect, 15 km west of Lebel-sur-Quvillon, Que.The junior…
Aussie producer eyes Nevada
An Australian gold producer has joined with Franc-Or Resources (FOR-T) and its privately owned partner to explore five properties in Nevada.To earn a 40% interest, Ranger Minerals (listed on the Austr…
Drill holes cut copper at Magistral property in Peru
Results from the first three holes of an 8-hole drill program on the Magistral copper skarn property in north-central Peru have intersected significant copper mineralization for partners Inca Pacific …
Boliden sells stake in Saudi mine.
For US$6.9 million in cash, base metal major Boliden (BOL-T) has sold its half-interest in the Saudi Company for Precious Metals (SCPM) to the Saudi Arabian Mining Company (Ma’aden). Prior to the sale…
Sirios reports v.g. at Aquilon
Partners Sirios Resources (SOI-M) and Soquem have uncovered more high-grade gold at their Aquilon property in the James Bay region of Quebec.Grab samples from trenches and outcrops ran up to 295 grams…
Celtic expands portfolio in Newfoundland
Alberta-based Celtic Minerals (CME-V) is acquiring the Great Burnt Lake and Victoria Mine base metal properties in central Newfoundland.Great Burnt Lake is contiguous with the junior’s South Pond prop…
Lyon Lake seeks permit for Crucitas
Montreal-based Lyon Lake Mines (LLL-M) has applied for an exploitation permit for its Crucitas gold deposit in northern Costa Rica.The application includes a feasibility study that envisages the minin…
Output, revenue down for Nelson
Junior Nelson Gold (NLG-T) has slipped into the red as a result of declining production from its operations in Tajikistan.For the nine months ended Sept. 30, Nelson posted a loss of US$1.4 million (or…
Resurrection in store for Royal Oak
Better small than nothing at allIn exchange for shares, creditors of Royal Oak Mines have agreed to restructure, rename and seek a new public listing for the defunct company. Only non-voting shares of…
Billiton widens search for metals
Strong showings of polymetallic mineralization have prompted London-based Billiton to ink a deal with Altius Minerals (ALS-V) on that company’s Taylor Brook property in western Newfoundland.Billiton w…
IOCC founded, plans to raise millions for Quebec mines
The newly formed Iron Ore Company of Canada vows to raise $160 million to develop the infrastructure needed to mine the vast ore fields of northern Quebec and Labrador. As part of the deal between the…