Princess buys stake in Kazakh deposit
Vancouver-listed Princess Resources will pay US$70 million for all the shares of Consolidated Mines of Kazakhstan, which holds a 22.5% indirect interest in the Vasilkovskoye gold property in northern …
News
Hodgson and Elliott to head Ontario’s mining-related ministries
Newly elected Ontario Premier Michael Harris has sworn in his new cabinet, and, accordingly, the province’s mining industry has two Progressive Conservative ministers with whom to get acquainted.Chris…
PRODUCER PRICES (July 03, 1995)
ALUMINUM: MW U.S. market US83.75-84.75 cents per lb. (June 16, 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)….
Financing raised for United Reef
South African-based Trans Hex Group has purchased a $4- million convertible debenture issued by United Reef (TSE).The debenture is convertible, either in whole or in part at the option of Trans Hex, i…
Resource is boosted at Elsa properties
United Keno Hill Mines (TSE) has calculated preliminary resource estimates for three past-producing silver mines within its Elsa properties in the Yukon.Measured, indicated and inferred resources at t…
Abo explores property in Argentina
Junior Abo Resource (VSE) has released encouraging assay results for its Salado property in Argentina.The company believes the first six drill holes represent a new discovery in the Uspallata copper-g…
American Bullion expands Red Chris copper project
Initial drill results are expanding the size of the Red Chris project in northwestern British Columbia.American Bullion Minerals (VSE), which holds an 80% interest, hopes to boost the open-pit, minabl…
Preliminary result bullish for Bibiani
According to consultants completing a feasibility study, the Bibiani project in Ghana could yield more than 300,000 oz. gold in the first year of operation.International Gold Resources (TSE) was also …
NEWS IN BRIEF (July 03, 1995)
Forester Resources (FRR:VSE) has changed its name to Tullaree Resources (TUL:VSE) on a 1-new-for-5-old-share basis.
Continental Precious Metals finds nickel anomalies
After compiling results from last year’s reconnaissance mapping and sampling program, Continental Precious Minerals (ME) has identified a 400-sq.-km area with nickel geochemical anomalies on its Baffi…
Correction (July 03, 1995)
Echo Bay Mines (TSE) can acquire 65.67% of Etruscan Enterprises’ (VSE) 67% interest in the Kom Bangou gold property in Niger for US$20 per oz. gold for the first million ounces produced, and US$25 per…
Curator drilling to expand Boleo deposit
Toronto-listed International Curator Resources is proceeding with an expanded drilling program on its Boleo copper-cobalt project in Mexico.The announcement follows completion of a private placement o…