Akiko meets funding deadline
Akiko Gold (VSE) has made a US$1-million option payment on the New Burgin project in Utah.It is earning a half interest in the project from Chief Consolidated Mining (NASDAQ) by spending US$10 million…
News
Barrick starts field programs
Exploration on nine Bolivian gold properties is about to begin now that a joint-venture agreement between Jordex Resources (TSE) and Barrick Gold (TSE) is complete.Barrick recently completed its due d…
Arequipa drilling in Peru
Exploration is set to begin on the Paron property in Peru.Owner Arequipa Resources (VSE) has been awaiting regulatory approval for a special warrant financing completed in January. The placement raise…
Nugget Pond gold project sold
The Nugget Pond gold property on Newfoundland’s Baie Verte peninsula has been purchased by Noveder (ME), which has, in turn, signed a joint-venture agreement with Richmont Mines (TSE) on the property….
First Dynasty Mines completes financing
Newly listed First Dynasty Mines (TSE) has raised US$6.2 million and issued 2 million special warrants (at US$3 per) to close its private placement.So far in 1995, the company has raised US$12.7 milli…
Miramar to develop Delita
A preliminary feasibility study on the Delita gold-silver project in Cuba is now complete.Miramar Mining (TSE) hired Davy International to conduct the study, which projects yearly output at 98,000 oz….
TSE SHORT POSITIONS (June 12, 1995)
Short positions outstanding at May 15, 1995.Larger individual positions included: Aber Res. 48,500; Agnico-Eagle 108,080; Asia Pacific 75,000; Baja Gold 71,500; Bema Gold 1,047,100; Breakwater 287,800…
World Wide to explore Peggy property
A recent option agreement sets the stage for World Wide Minerals (TSE) to earn a 50% interest in the Peggy property from AG Armeno Mines & Minerals (VSE).Situated in south-central Ecuador, the Peggy p…
U of T honors Barrick Gold’s Peter Munk
The University of Toronto has bestowed an honorary degree on renowned mining executive Peter Munk.The chairman and chief executive officer of Barrick Gold was awarded an honorary doctorate of law duri…
Reserves increased at Goldfields
Recent drilling has allowed Greater Lenora Resources (TSE) to increase its reserves in the Box pit area of the Goldfields project to 13 million tons grading 0.07 oz. gold per ton.The property is locat…
Metal Prices — FREE MARKET (June 12, 1995)
London Metal ExchangeSpot closing prices in $US per tonneDateJune 6June 5June 2June 1May 31Copper2881-2882 2911-2913 2877-2887 2862-28642851-2852Lead593.5-594.5 593.5-594.5 610.5-611.5 605.5…
Santa Fe drills Swan property
A 15-hole diamond drill program by Santa Fe Pacific Gold (NYSE) is testing the potential of several mineralized, “pipe-like bodies” on the Swan gold property, 20 miles south of Helena, in southwestern…