METALS MARKETS — FREE MARKET (May 08, 1995)
London Metal ExchangeSpot closing prices in $US per tonneDateMay 2May 1April 28April 27April 26Copper2772-2774 2796-27972836-28372797-27992769-2770Lead602-603 608-609 616-617 613.5-614.5…
News
Campbell plans underground exploration at Joe Mann
A $1.35-million underground exploration program is planned for the West zone of the Joe Mann gold-copper mine near Chibougamau, Que.Campbell Resources discovered the zone last year during a surface dr…
UAE tightens trading controls
In an effort to end manipulation and dealing in fake items, the United Arab Emirates, one of the biggest gold markets in the world, has tightened control on trading in the yellow metal.The economy and…
Western Copper, Thermal to merge
An amalgamation of Western Copper Holdings (TSE) and Thermal Exploration (ASE) is in the works.The merger is intended to facilitate development and financing of the jointly owned Carmacks copper proje…
Crystallex sweetens Eurus deal
An amendment to the previously announced merger of Eurus Resource (VSE) and Crystallex International (VSE) sweetens the pot for Eurus shareholders.They will now receive one share and one warrant of Cr…
EDITORIAL PAGE — The Great Canadian Area Play
It is happening all over again — the Great Canadian Area Play, that is.Junior companies are swarming to Labrador to tie up any ground still available in the vicinity of the Voisey Bay nickel-copper-c…
OSC approves listing requirement
The Ontario Securities Commission approved a new Toronto Stock Exchange “listing requirement,” making it mandatory for companies to disclose their corporate governance system.The requirement, the main…
STOCK MARKETS — Silver still in favor; Placer out of Musto race
Gold traded sideways, but silver continued to find favor with speculators during the report period ended May 2. At the Commodity Exchange of New York, the cash price for silver approached US$6 per oz….
Drilling planned at White Star play
A drilling program has been drawn up for the C Group property in Kidd Twp. in the Timmins, Ont., area, White Star Copper Mines (CDN) reports.Planning the work is Falconbridge (TSE), which has an optio…
Finding new mineral deposits at depth with 3-D seismics
Geologists and geophysicists at Noranda could be getting a clearer understanding of what lies below the earth, thanks to a promising technology know as “3-dimensional seismics.”The process, used by th…
Quebec natives create company
A new junior company, First Nations Exploration, has set up a temporary office in Senneterre, Que.President Billy Ottereyes, former chief of the Waswanipi band and a prospector, says his company is se…
Echo Bay, Canarc join forces to explore Guyanese project
Gold producer Echo Bay Mines (TSE) has acquired a 10.5% stake in Canarc Resources (TSE) and chosen the Baramita gold property in Guyana for further exploration.The senior acquired the interest by purc…