BHP and Centurion form JV in Utah
..LCenturion Mines (NASDAQ) has signed a joint-venture agreement with BHP Minerals, a division of BHP (NYSE), for a project in the West Tintic mining district, 70 miles southwest of Salt Lake City, Ut…
News
Freeport reports big jump in year’s earnings
With higher earnings and increased reserves, Freeport McMoRan Copper & Gold (NYSE) ended 1995 on a positive note.Income from its operations in Irian Jaya, Indonesia, increased 30% for the fourth quart…
Asia Pacific expands Thai potash potential
Reconnaissance exploration north of the Somboon potash field in Thailand indicates the presence of a new deposit for Asia Pacific Resources (TSE).The company reports that three new sylvinite zones hav…
metal prices
FREE MARKETLondon Metal ExchangeSpot closing prices in $US per tonneDateFebruary 27 February 26 February 23 February 22 February 21Copper2530-2532 2535.5-2536.5 2542-2545 2548-2550 2512-2514Lead7…
Mispec picks up Kalimantan prospect
A company jointly owned by Mispec Resources (ME) and its Indonesian partner, P.T. Hunamas Putra Interbuana, has acquired a large property in the Busang North area of Kalimantan, Indonesia.The 14,776-h…
Fleck, Anvil define Snegamook targets
Partners Fleck Resources (VSE) and Anvil Resources (VSE) will conduct an induced-polarization survey on their Snegamook Claims in Labrador in an attempt to define drill targets.Previous drilling faile…
Lucro gains option on Motherlode
In return for 500,000 of its shares, Lucro Capital (ASE) is acquiring High River Gold’s (TSE) option to earn up to a 51% interest in the former-producing Motherlode copper-gold property, near Greenwoo…
Exall and Mazaruni test alluvial project
Exploration has resumed at the Mazaruni River alluvial gold and diamond project in Guyana.The prospect is held equally by Exall Resources (TSE) and Mazaruni Minerals (ASE), which are planning to compl…
Partners exploring in Labrador
Partners Newfoundland Goldbar Resources (CDN) and Freewest Resources Canada (TSE) have contracted out 3,000 km of airborne geophysical surveying for their 19 properties in Labrador.The work, now under…
Cartaway plans more drilling in Labrador
Drilling on the Peruvian B project, 200 km northwest of Goose Bay, Labrador, has returned disappointing results for partners Cartaway Container (ASE) and Peruvian Gold (VSE).The former drilled four ho…
No Headline (March 04, 1996)
Two private placements are expected to net proceeds of $2.05 million for Continental Caretech (CDN).The funds will be used for general corporate purposes, as well as to fund gold exploration programs …
Banner year reported for Phelps Dodge in ’95
With almost all operations turning in stellar performances, Phelps Dodge (NYSE) coasted through the end of the fourth quarter to post yet another record in net income.In 1995, the company raked in US$…