Siskon secures funds for California projects
Siskon Gold (NASDAQ) has raised US$5 million to finance construction of the San Juan and Big Horn projects in California.The company sold to Vengold (VSE) US$2 million in convertible shares at US$2.56…
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Noront, HL enter Labrador agreement
Vancouver-listed Noront Resources has entered into a joint-venture agreement with HL Corp. (NASDAQ) regarding one of the former’s properties in Labrador.The deal gives HL the right to earn a half inte…
GREATEST VALUE TRADED, NOV. 29-DEC. 5 (December 11, 1995)
Value($000s)HighLowCloseChange Barrick Gold T105441$37 1/435 1/237 1/8+5/8Inco Ltd T103076$49 3/847 5/848 7/8-5/8Placer Dome T83624$34 5/833 34 5/8+3/8Sherritt T78569$17 1/…
METAL COMMENTARY — More inventory declines forecast for new year
Heading into December, in what amounts to a half-month of production, the metals industry continues to operate at reasonably healthy levels.Growth in the short term is expected to be static, and price…
Gold Funds (December 11, 1995)
Gold Funds as of November 30, 1995BGRCentralNet Value$17.46$6.56Price$13.88$6.375Discount20.52%2.8%Value$136,483,000$115,383,038…
News Roundup — Comaplex completes financing
A previously announced private placement of 2 million Comaplex Minerals (TSE) units has been fully subscribed.A unit is priced at $1.10 and consists of one common share and half of a common share purc…
Junior pursues sizable copper resource in central Philippines
If recent drilling success continues, International Pursuit (TSE) could find itself the proud owner of a major copper resource in the Philippine Islands.The company suggests that, by this time next ye…
Eastmain cuts sulphides at Akweskwa project
Diamond drills are turning at the Akweskwa project of Eastmain Resources (CDN), 60 km southwest of Timmins, Ont.Two holes have been drilled to date, for a total of 525 metres, and the program is expec…
Study boosts resource at Petaquilla property
The size of the Petaquilla copper-gold resource in Panama has almost doubled.An interim scoping study by Fluor Daniel Wright estimates the diluted measured and indicated resource at 1.1 billion tonnes…
Northair shifts focus to Mexico
International Northair Mines (VSE) is focusing its exploration efforts on two properties in Mexico.Among its assets in the country is an option to acquire the 6,000-hectare Lachatao project in Oaxaca …
Weather hampers ANAK-1 drilling
Harsh weather has forced Tapestry Ventures (VSE) and Portman Explorations (VSE) to suspend drilling operations at their jointly held ANAK-1 property in the Voisey Bay area of Labrador.The companies re…
Canadian States finishes drill program
Drilling at the Labrador property of Canadian States Resources (CDN) is finished for the season, with work expected to resume in the spring.Results from three drill holes have been released, showing m…