Murray Pezim’s illness prompts changes at Prime
The admission to hospital of mining promoter Murray Pezim is not expected to slow down his flagship company, Prime Equities International (VSE).The Vancouver-based businessman underwent abdominal surg…
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PRODUCER PRICES (July 17, 1995)
ALUMINUM: MW U.S. market US84-85 cents per lb. (June 30, 1995).ANTIMONY: MW New York dealer US$2.20-2.30 per lb. (March 31, 1995).BISMUTH: MW New York dealer US$3.55-3.65 per lb. (May 12, 1995).CADMIU…
LABRADOR NEWS ROUNDUP — Noront picks up Voisey Bay ground
Two Vancouver-listed juniors, Noront Resources and Golden Trump Resources, have signed a joint-venture agreement covering six claim blocks north of the Voisey Bay area of Labrador.Golden Trump can ear…
LABRADOR NEWS ROUNDUP — Sulphides found at VBE-1 claims
Field crews on the VBE-1 claim group in the Voisey Bay region of Labrador have turned up disseminated and bleb-type pyrite, pyrrhotite and chalcopyrite mineralization in anorthosite bedrock.Columbia Y…
Noranda seizes Yamana opportunity
Noranda Mining & Exploration, a unit of Noranda (TSE), has exercised its first right of opportunity concerning Yamana Resources’ (TSE) Santa Cruz project in southern Argentina.By exercising this right…
Lenora tests Box and Athona gold deposits
Metallurgical tests on the Box and Athona deposits in northern Saskatchewan indicate a gold recovery of 92%, based on a head grade of 0.054 oz. gold per ton.The two deposits, which constitute the Gold…
Teck to buy stake in Lysander
Although still subject to due diligence and regulatory approval, Teck (TSE) has agreed to provide $8.8 million in equity financing for the exploration and development of Lysander Gold’s (VSE) Passagem…
Amax drills the Gil
Amax Gold (NYSE) has begun 2,000 ft. of drilling on its 80%-owned Gil gold prospect in Alaska.The first hole will be drilled near a previous one, which intersected 90 ft. grading 0.067 oz. per ton at …
Spot prices at a glance (July 17, 1995)
Wednesday, July 12Week’sPrice (US)ChangeGold*$385.85+$1.25Silver*$5.16+$0.09Platinum*$434.00$0.00Nickel**$3.95+$0.04Lead**$0.28$0.00Copper $1.45+$0.05Zinca$0.47+$0.01Co…
NEWS IN BRIED
Consolidated Gold Vessel Resources (CGS:VSE) has changed its name to Golden Bear Minerals (GB:VSE) on a share-for-share basis.
Great Lakes raises funds to build mine in Mexico
Toronto-listed Great Lakes Minerals has raised the necessary funds to construct its Lluvia de Oro gold mine in Mexico’s Sonora state, with startup scheduled for the first quarter of 1996.The company c…
Western nickel demand set to grow further
Over the past two years, demand for Western World nickel has expanded by almost 20%, and this trend is expected to continue, according to a study by AME Mineral Economics entitled Gearing for Growth.T…