Drilling planned at Bend deposit
The joint venture of Sharpe Energy & Resources (CDN), Freewest Resources Canada (TSE) and Cyprus Amax Minerals (NYSE) will drill an electromagnetic (EM) anomaly 3.7 km northeast of the Bend massive su…
News
METAL PRICES (February 12, 1996)
London Metal ExchangeSpot closing prices in $US per tonneDateFeb. 5Feb. 4 Feb. 2Feb. 1Jan. 31Copper2685.5-2670.52562-2564 2576-25782589-25912564-2566Lead759-761 767.8-768.5 768-769777.5-…
Moneta completes private placement
Moneta Porcupine Mines (TSE) has placed 2.4 million units, consisting of two shares and one purchase warrant each, with European institutions, for gross proceeds of $2.9 million.The warrants are exerc…
METALS AND MINERALS — Coal industry gears up for second export boom
Coal is a mineral commodity that rarely captures the interest of investors and mining analysts. That perception may change now that the outlook coal markets is improving in response to economic activi…
Index (February 12, 1996)
REGULAR DEPTS.CareersClassified AdvertisingCommentaryDiamond DrillersEditorialsMetal PricesMetals and MineralsOdds `n’ SodsPeopleProfessional DirectoryStock MarketsSubscriber Service…
Companies (February 12, 1996)
INDEXAfrican MineralAkiko GoldAlberta EnergyAlta GoldAltai Res.Arequipa Res.Armistice Res.Asquith Res.Aur ResourcesAvalon VenturesBarrick GoldBHP MineralsBlack Hawk M’gBoron ChemicalsBreX MineralsBrea…
Oglebay Norton exits taconite operations
Oglebay Norton (NASDAQ) will not extend its contract as manager and employer at the Eveleth Mines taconite operation in northeastern Minnesota.After years of disagreement on how the project should be …
Chief beefs up deposit in Utah
If the latest assays are any indication, Chief Consolidated Mining (NASDAQ) will be increasing its reserve estimates for the New Burgin deposit in Utah.Five holes, drilled underground, encountered hig…
Avalon, Starcore nab five N.W.T. properties
Avalon Ventures (VSE) and Starcore Resources (VSE) have acquired five additional mineral properties between them in the Mazenod Lake area of the Northwest Territories.The companies have agreed in prin…
Pentland ponders underground programs in Hoyle Twp.
With three gold properties taking shape near the Bell Creek mine in northeastern Ontario, Pentland Firth Ventures (TSE) is formulating underground programs, to be implemented in the third quarter.Gold…
Ore outlined at Cerro San Pedro
A prefeasibility study on the Cerro San Pedro heap-leach gold-silver project in central Mexico has outlined nearly 2 million oz. gold-equivalent.Owner Metallica Resources (TSE) estimates a preliminary…
CaribGold surveys Cuban properties
In search of drill targets, CaribGold Resources (TSE) is conducting geophysical surveys on its most advanced properties in Cuba.An induced-polarization (IP) survey exceeding 50 line km is being carrie…