Arimetco buys Paradise Peak
Continuing to assemble a set of copper deposits in Nevada, Arimetco International (TSE) has bought the Paradise Peak mine of FMC Gold (NYSE).A former gold producer, Paradise Peak lies 225 km southeast…
News
Refugio mine on track for production
When the Refugio mine pours its first gold late this year or in early 1996, it will become one of the largest open-pit, heap-leach mines in the world, with projected gold production of 233,000 oz. ann…
METAL PRICES — FREE MARKET (October 30, 1995)
London Metal ExchangeSpot closing prices in $US per tonneDateOct. 24 Oct. 23 Oct. 20 Oct. 19 Oct. 18Copper2805-2810 2760-27652760-27652745-27502700-2705Lead689.5-691.5 669-671650-651 648-65…
Banff acquires African cobalt play
Banff Resources (VSE) intends to buy all the issued and outstanding shares of Kasese Cobalt owned by the LaSource Group, a member of Australian-listed Normandy Mining Group.The LaSource Group has a 55…
Fortune Minerals finds more gold at NICO project in N.W.T.
A new discovery on its NICO project, 150 km north of Yellowknife, N.W.T., has brought Fortune Minerals (CDN) a step closer to living up to its name.Fortune recently carried out mapping, gravity survey…
Claude options gold property
An option agreement will see Claude Resources (ASE) help the Amisk Lake joint venture (consisting of Husky Oil and Toronto-listed Cameco) explore and develop a gold property in northeastern Saskatchew…
LABRADOR NEWS ROUNDUP — Project 61 returns sulphides
Drills continue to turn on the Project 61 joint venture of NDT Ventures (VSE) and Takla Star Resources (ASE), about 7 km southwest of the Diamond Fields discovery in Labrador. The companies drilled th…
Dynacor identifies gold corridor near Quebec’s James Bay shore
Montreal-listed Dynacor Mines has identified a gold-mineralized corridor on its Lake Sakami property near Quebec’s James Bay shore.The corridor is nearly 8 km long and, on average, 5-10 metres wide. I…
Cambior deals Polo Sur to Magma
The Polo Sur copper property, northeast of Antofagasta, Chile, will be sold to the Chilean affiliate of Magma Copper (NYSE). Owners Cambior (TSE) and Cambiex (ME) will receive US$3 million and retain …
Drilling expands Red Chris
Drilling continues to expand the resource potential of the Red Chris copper-gold project in northern British Columbia.American Bullion Minerals (VSE) holds an 80% interest in the project and is furthe…
Korea Zinc takes share in Chief Consolidated
Asian smelting firm Korea Zinc has bought half a million unregistered shares of Chief Consolidated Mining (NASDAQ) in a private placement. The US$2-million transaction gives Korea Zinc 9.6% of the jun…
Da Capo Resources advances Amayapampa gold project
With drill results from a 55-hole reverse-circulation program in hand, Da Capo Resources (VSE) is working to recalculate the size of the resource for the Amayapampa project in Bolivia.Da Capo is also …