Analysts predict hot summer at Voisey Bay
Four prominent mining analysts agree that the Voisey Bay nickel-copper-cobalt discovery will continue to be the hot spot for market activity this year.The experts Douglas Leishman of Yorkton Securitie…
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Eldorado tops up treasury
A private placement of up to 3.4 million special warrants is expected to raise more than $14 million for junior gold producer Eldorado (TSE).Each unit is priced at $4.15 and converts, at no additional…
Chief Cons. works New Burgin play
Drilling and feasibility work on the New Burgin deposit in Tintic, Utah, continue apace under the direction of owner Chief Consolidated Mining (NASDAQ).The New Burgin represents the downdip extension …
Echo Bay allies with TVI Pacific
In a move aimed at uncovering large gold deposits in the Philippines, Echo Bay Mines (TSE) has formed an alliance with TVI Pacific (ASE).The former will purchase, through a private placement, 5 millio…
Azco teams with Phelps Dodge
An agreement with Phelps Dodge (NYSE) will result in completion of a feasibility study on the Piedras Verdes copper project in Mexico and the outright sale of the Sanchez copper project in Arizona.Azc…
Northern Orion buys Argentine, Cuban assets
In a move aimed at establishing a presence in Latin America, Northern Orion Explorations (VSE) has announced plans to buy an Argentine subsidiary from California-based American Resource (NASDAQ).North…
Growth forecast for First Dynasty
The success of the Voisey Bay project in Labrador is helping to put the spotlight on another public company in which Robert Friedland, his brother Eric and other family members are significant shareho…
Fortune options NICO property
An option agreement with Fortune Minerals (CDN) will allow a private company to earn a 20% interest in the NICO group of claims in the Mazenod Lake area of the Northwest Territories.To do so, the priv…
No Headline (May 15, 1995)
Under an agreement with the transitional government of Ethiopia, Golden Star Resources (TSE) has been granted exploration leases in the East African nation.The 90 licences constitute what is known as …
Eastmain plans drilling programs
Drill contracts have been submitted for tender, and surface gridding is expected to begin soon at the Kidd project of Eastmain Resources (CDN) in Timmins, Ont.The junior was recently awarded a $26,000…
LETTER TO THE EDITOR — Group finds GSC office move confusing
Regarding the letter by A. Anne McLellan (“Mines minister replies to government criticism,” T.N.M., May 1/95), which was a response to a critique of the federal budget by Steven Parry, we fully agree …
Musto backs Rio/North offer
A takeover bid of International Musto Explorations (TSE) by Rio Algom (TSE) and North Ltd. of Australia has the support of Musto’s board of directors.RN Galaxy, a company formed by Rio and North, offe…