Avalon finances work in Ontario, Quebec
A private placement will enable Avalon Ventures (VSE) to finance work on its Quebec and Ontario gold projects, as well as acquire new properties.The company has placed 1.5 million units at 40 cents pe…
News
PRODUCER PRICES (February 05, 1996)
ALUMINUM: MW U.S. market US75 cents-76 cents per lb. (Jan. 19, 1996).ANTIMONY: MW New York dealer US$2.00-2.20 per lb. (Dec. 8, 1995).BISMUTH: MW New York dealer US$4.10-4.30 per lb. (Dec. 8, 1995).CA…
Campbell expands into Panama
With its latest acquisition, Campbell Resources (TSE) has expanded farther into Latin America, beyond its Santa Gertrudis gold mine in Mexico. The company can now acquire the Cerro Quema gold project …
SNC-Lavalin to take Kilborn Holdings
Montreal-based SNC-Lavalin, Canada’s largest engineering and construction company, has signed an agreement to acquire, for an undisclosed amount, Kilborn Holdings, a Toronto-based engineering company….
Refugio ready to pour gold
One of the world’s largest open-pit gold mines, the Refugio in Chile, is up and running and ready to pour gold.Construction of the $127-million mine, a 50-50 joint venture between Amax Gold (TSE) and …
Exall and St Andrew sign milling pact
Ore from the Glimmer gold project near Matheson, Ont., will be processed at the nearby Stock Twp. mill of St Andrew Goldfields (TSE). Exall Resources (TSE) owns 60% of the Glimmer mine.The Stock mill …
Lyndex to buy Spanish concentrator
CDN-listed Lyndex Exploration will buy a mill and related equipment for its Salave gold project in northern Spain.The Rubiales mill, also situated in northern Spain, has a capacity of 3,000 tons per d…
X-Cal negotiates with Amax Gold
Negotiations between X-Cal Resources (TSE) and Amax Gold (NYSE) are in progress, with the objective of combining property holdings in the Sleeper area of Humboldt Cty., Nev.X-Cal holds a large package…
Sierra Madre finds gold in Mexico
Mapping and sampling by Minera Sierra Madre (ASE) on the former-producing Tucabe property in Sonora state, Mexico, have confirmed the presence of a gold-bearing structure.The 40-metre-wide zone is she…
Band-Ore pulls gold at Thorne (February 05, 1996)
At its Thorne project, west of Timmins, Ont., Band-Ore Resources (CDN) has drill-tested the western extension of the Kapika zone, where reserves are estimated at 270,000 tonnes grading 2.5 grams gold …
Cyprus to explore Roxmark ground
Cyprus Canada, the Canadian unit of Cyprus Amax (NYSE), will carry out geophysical work and diamond drilling on properties held by Roxmark Mines (TSE) near Geraldton, Ont.Cyprus is earning a 60% inter…
Goldcorp to triple production at its Red Lake gold operation
With development drilling indicating substantial new reserves, Goldcorp (TSE) will increase annual production at its mine in Red Lake, Ont., to 150,000 from 50,000 oz.Kilborn Engineering Pacific estim…