Echo Bay bows out of Colorado property
Having completed diamond drilling and a project review, Echo Bay Mines (TSE) has decided to terminate its option agreement with Hendricks Minerals Canada (CDN) for the Cross mine near Nederland, Colo….
News
Metal Prices — FREE MARKET (January 15, 1996)
London Metal ExchangeSpot closing prices in $US per tonneDateJan. 9 Jan. 8 Jan. 5 Jan. 4 Jan. 3Copper2685-2690 2715-2720 2740-2745 2755-27602739-2740Lead700-701 695-696 690-692 690.5-691.5…
Arequipa Resources reports gold discovery at Pierina prospect in northwestern Peru
Exploration of the Pierina gold property in the Ancash province of northern Peru is returning solid gold values for Arequipa Resources (TSE).Subsurface sampling is testing a zone of disseminated gold …
Timbuktu Gold busy in Mali
Alberta-listed Timbuktu Gold has gained a gold property in Mali, West Africa.The company, formerly known as Choice Software Systems, bought a 32-sq.-km package of gold concessions from British-based A…
Minieres du Nord examines gold property north of Matagami, Que.
Results from grab and drill core samples taken by Exploration Carats from its 59-claim, Eastmain-7 property have caught the eye of Explorations Minieres du Nord (ME), leading to an option agreement.Th…
Viscount and Guardian jointly to aquire interest in Mexican gold-silver concession
Partners Consolidated Viscount Resources (VSE) and Guardian Enterprises (VSE) can jointly acquire a 31.85% interest in a 12,000-acre gold-silver concession in Mexico’s Durango state.Viscount and Guard…
Golden Queen boosts reserves at Soledad
Drilling at the Soledad Mountain gold project near Mohave, Calif., is firming up reserves for Golden Queen Mining (TSE).The company hopes to make a production decision affecting the open-pit, heap-lea…
Carson drill-tests copper-gold in Philippines
Carson Gold (VSE) reports having spent US$740,000 in 1995 drill-testing the Marian copper-gold project in the Philippines.The project, situated on Central Luzon Island, was subjected to 11 holes total…
Euro-Nevada to finance development at Midas
Royalty company Euro-Nevada Mining (TSE) plans to raise between $52 million and $65 million to finance development of the Midas project in Nevada, in which it has a half interest.The company will issu…
Cuban project returns gold values
Drilling on the Golden Hill discovery in east-central Cuba has returned gold values in both oxide and sulphide material.Partners MacDonald Mines Exploration (ASE), Golden Hill Mining (CDN) and GeoMine…
Index (January 15, 1996)
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Champion to option ground in Ghana
Champion Resources (VSE) intends to enter into a joint-venture agreement with Toscana Resources (VSE), owner of the Tenapu and Gomes properties in Ghana.The deal is contingent on results of auger dril…