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…
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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…
Eldorado completes earn-in
A feasibility study for La Trinidad, a gold project in Mexico’s Sinaloa state, has been delivered to Almaden Resources (VSE).The study was the final requirement for Eldorado (TSE) to earn a 51% intere…
Expl. Brex works gold-silver projects
Progress is reported from three of the Nevada gold-silver projects owned by Exploration Brex (ME).Grab samples from the Delano project have returned values ranging up to 0.203 oz. gold and 35 oz. silv…
Inco puts Indonesian concerns behind it
Nickel giant Inco (TSE) reports that third-quarter nickel production was 12 million lb. less than it had expected, amounting to only 80 million lb.While production is generally lowest in the third qua…
Abacus hits sulphides at Niblack
Drilling in the historic Niblack mine area has intersected massive sulphide mineralization.Abacus Minerals (VSE) holds an option to acquire the Niblack project, situated on tidewater at the southern t…
Spot prices at a glance (October 23, 1995)
Wednesday, October 18, 1995Week’s Price (US)ChangeGold*$383.75-$0.95Silver*$ 5.35-$0.07Platinum*$413.35-$1.90Nickel**$ 3.52+$0.03Lead**$ 0.29+$0.02Copper $ 1.23-$0.02Zinca$ 0…
New zone detected at Hearne Hill
Drill results from the Hearne Hill project northeast of Smithers, B.C., have prompted property owner Booker Gold (VSE) to continue its exploration work through the winter.The company is testing a new …
Viceroy-MK Gold mine dispute escalates
The dispute between Viceroy Resources (TSE) and MK Gold (NASDAQ) is escalating to the courts.Viceroy plans to press forward with court action against MK Gold, “seeking substantial damages.”The dispute…
World Wide establishes joint venture
The Chinese government has given its approval to World Wide Minerals (TSE) to establish its Dawuyao joint venture for gold exploration and development.The project is held 55% by World Wide and 45% by …