New zone active at Lac des Iles
A newly discovered zone will soon be providing most ore production at the Lac des Iles platinum group metals mine in northwestern Ontario.In fact, production from the C zone already has begun, enablin…
News
Sherritt proposes rights offering
Terms of a rights offering, resulting from the restructuring of Sherritt (TSE) into two independent public companies, have been proposed.The company has declared a dividend, in the form of transferabl…
Stratabound uncovers more at Taylor Brook
A second phase of drilling has expanded the Taylor Brook polymetallic deposit, 40 km southwest of Bathurst, N.B.Owner Stratabound Minerals (ASE) reports that the 9-hole program has extended the strike…
Radisson funds work at O’Brien
Quebec-based Radisson Mining Resources (ME) has made a public offering of flow-through shares in order to raise $1.8 million. The proceeds will be used to develop the past-producing O’Brien mine near …
Anvil ahead of schedule at Faro
The Faro mine of Anvil Range Mining (TSE) produced 74,000 tonnes of lead and zinc concentrates in its first two months of operation. Anvil had not planned to be producing concentrate before November, …
Spot prices at a glance (December 04, 1995)
Wednesday, November 29, 1995Week’sPrice (US)ChangeGold*$388.95+$3.65Silver*$ 5.22-$0.08Platinum*$415.00+$1.25Nickel**$ 3.71-$0.16Lead**$ 0.34$0.00Copper $ 1.35-$0.01Zinca$ 0….
STOCK MARKETS — TSE 300 up on rising precious metal prices
The Toronto Stock Exchange enjoyed a gentle climb over the 5-day trading period ended Nov. 28, with precious-metals and technology sectors taking the lead. The TSE 300 composite index was up 49.48 poi…
Metal Prices — FREE MARKET (December 04, 1995)
London Metal ExchangeSpot closing prices in $US per tonneDateNov.28 Nov.27Nov.24 Nov.23 Nov.22Copper2987-2989 2985-29882985-29902964-29692985-2988Lead752.5-754.5 761.5-76.5 765-767 745.5-74…
Romarco slips through the door in Battle Mountain district
The land package currently held by Romarco Minerals (CDN) in the Battle Mountain-Eureka Trend was acquired at a time when numerous mining companies were fleeing the state over fears of drastic changes…
Sutton doubles estimate for Tanzanian project
While drilling continues to test the Reef deposit at depth, Sutton Resources (VSE) has boosted its resource estimate for its 85%-held Bulyanhulu gold project in Tanzania.A measured, indicated and infe…
Meetings (December 04, 1995)
MEETINGSDec. 11 Abacan Dec. 11 Adastral Dec. 11 BWI Res. Dec. 11 Cons. Nevada Goldfields Dec. 11 Contiki Dec. 11 Palluam Dec. 11 Rollinoil Dec. 11 Swannell Min. Dec. 11 Whiskey Creek Dec. 12 Cdn. Over…
Final assays surface at Nugget Pond
Underground drilling has ceased at the Nugget Pond gold project near Baie Verte, Nfld., and a new reserve is being calculated.The figures will be incorporated into an ongoing final feasibility study, …