Athabaska hopes to revive Ladner Creek
Underground exploration drilling and development is continuing at the Ladner Creek gold project near Hope, B.C.Athabaska Gold Resources (TSE) has committed to spending $1 million on the property by Ju…
News
Canadian Mint announces new coin
The Royal Canadian Mint has moved to cut coinage costs by changing the one-cent coin from bronze to copper-plated steel or copper-plated zinc.”Changing the metal composition of the one-cent coin to ei…
METAL PRICES — FREE MARKET (November 13, 1995)
London Metal ExchangeSpot closing prices in $US per tonneDateNov. 7 Nov. 6Nov. 3 Nov. 2 Nov. 1Copper3015-3020 2995-30002947-29522995-30002945-2950Lead681-683 680-681694-696 710-711 703-7…
Queenstake plans acquisition to expand Latin American holdings
The planned acquisition of a Cayman Island corporation will significantly expand the Latin American holdings of Queenstake Resources (TSE).The company will acquire the shares of Intercontinental Resou…
Britannia options Exall project
An agreement has been signed by Exall Resources (TSE) and Britannia Gold (VSE) for a joint venture on the Santo Tomas copper project in Sinaloa state, Mexico.Under the agreement, Britannia will assume…
Breakwater finds mineralization at El Mochito mine in Honduras
A drill program to expand reserves has encountered zinc-lead-silver mineralization at the El Mochito mine in Honduras.Owner Breakwater Resources (TSE) has been drilling the east limb of a fold, to tes…
Caledonia finds copper showings at Kikerk Lake
Initial prospecting in the Kikerk Lake area, about 550 km north of Yellowknife, N.W.T., has led Caledonia Mining (TSE) to the discovery of surface copper occurrences along a ridge 4 km long by 100 met…
LABRADOR NEWS ROUNDUP — Tapestry readies Seahorse for drilling
Exploration work on the Seahorse Lake property, 150 km southwest of the Voisey Bay discovery in Labrador, is returning encouraging results for Tapestry Ventures (VSE).Follow-up work on a copper-in-soi…
EDITORIAL PAGE — Privatization gains momentum
State mining is still alive in the western world, but privatization is gaining momentum. And that, in a nutshell, was the message delivered by Magnus Ericsson of the Swedish-based Raw Materials Group …
Gulf finances Tajikistan work
A private placement of convertible preferred shares is expected to raise $6 million for Gulf International Minerals (VSE).The company plans to use the proceeds of the issue to advance its various gold…
Drilling under way at Fishhook
Drilling is under way on the Fishhook Lake gold property in the Northwest Territories. Gitennes Explorations (ASE) is testing two recently discovered zones with a series of short drill holes.Six holes…
Sharpe finds gold at Antone Canyon
Surface trenches at the Antone Canyon property in Nye County, Nev., of Sharpe Energy & Resources (CDN) have been found to contain gold mineralization.The program was designed to test for the surface e…