Tri Origin cuts more sulphides
Another three holes have been drilled by Tri Origin Exploration (TSE) to test Tom’s zone, situated 900 metres south of the Main zone on the company’s Lewis Ponds polymetallic property in New South Wal…
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Index (October 23, 1995)
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Birim increases gold reserves at Ghanaian project
Resampling and assaying of old drill core have enabled Birim Goldfields (CDN) to bolster known reserves on its Aboronye property in Ghana.A total of 350 samples were taken from five holes drilled by a…
Inmet expands Akie deposit
Drilling on the Akie property in northern British Columbia is extending the depth of a zone of zinc-lead massive sulphide mineralization.Inmet Mining (TSE), which has earned a 60% interest in the prop…
Great Lakes finds more gold at its Lluvia de Oro project
Drilling at the Lluvia de Oro gold project in Mexico’s Sonora state has increased its gold resource.Great Lake Minerals (TSE) reports that the resource measures 3.3 million tonnes grading 1 gram gold …
INVESTMENT COMMENTARY — Phelps Dodge seen by analyst as a low-cost producer
Despite the generally negative outlook it holds for copper prices, broker JP Morgan Securities sees upside potential in Phelps Dodge (NYSE).”Supported by the world-class Morenci operation in Arizona a…
Companies (October 23, 1995)
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Chase to increase share in Taysan
Magma Copper (NYSE) and Chase Resource (TSE) have revised their previously announced agreement regarding their partnership in the Taysan copper-gold property in the Philippines.The original deal, sign…
Battle Mountain eyes Aussie firm
Battle Mountain Gold (NYSE) has held discussions with Australian-listed Mt. Edon Gold Mines concerning a possible merger.Mt. Edon owns the Tarmoola gold mine in the Leonora region of Western Australia…
Brush Creek sends stockpiles to Nevada processing mill
While waiting for its mill to be completed, California-based Brush Creek Mining & Development (NASDAQ) has decided to ship ore to a custom mill in Austin, Nev., for processing.The company has been min…
FMC Gold may go on the market
New York-listed FMC Gold has recruited investment banker Wood Gundy to act as its financial adviser for the possible sale of the company.The company, which is 80%-owned by FMC (NYSE), has as its prima…
ODDS’N’SODS — The enigma of Nels Hansen
I first saw Nels Hansen when he walked out of the bush, near Kirkland Lake, Ont., one cool autumn day in the early 1940s.He wore navy serge trousers, a double-breasted pea jacket, a navy peak cap squa…