Adex pleased to nab producer
Ownership of the Mount Pleasant polymetallic mine in New Brunswick has changed hands.Adex Mining (TSE) acquired all of the shares of Piskahegan Resources, which holds a 100% interest in the mine prope…
News
STOCK MARKETS — Reports from Labrador add zest to western markets
The usual summer doldrums are nowhere to be seen on western markets, as eager investors jockey for position in the growing suite of Labrador area stocks.Over the report period ended July 18, the Vanco…
METAL PRICES — FREE MARKET (July 24, 1995)
London Metal ExchangeSpot closing prices in $US per tonneDateJuly 18 July 17July 14July 13July 12Copper3178-3180 3198-32023200-32053215-32173213-3214Lead633-634 642-643 645-646 640-641…
Arimetco takes on the Sullivan deposit
Continuing its pattern of picking up small copper deposits, Arimetco International (TSE) has agreed to acquire the Sullivan deposit near Gabbs, Nev.The property, also known as the Cuervo, is an intrus…
Inmet pulls plug on Copper Range plant
Excessively high capital costs have forced Inmet Mining (TSE) to shut down and re-evaluate the Copper Range operation in Michigan.Mining and milling at Inmet’s 80%-owned facility will cease in late Se…
Northfield drill-tests Panamanian gold project
A subsidiary of Northfield Minerals (TSE) has completed a program of reverse-circulation drilling on the Minera Remance property near Panama City.The subsidiary, which is earning up to an 86% interest…
Puerto Rican gov’t outlaws open-pit miners
The government of Puerto Rico has banned open-pit extraction of metals, and North America’s mining industry is not amused.Indeed, one American company, USMX (TSE), is taking the matter personally.”No …
NEWS ROUNDUP — St. Genevieve sells Novicourt interest
St. Genevieve Resources (TSE) has sold 2.2 million shares of Novicourt (TSE) for $5.25 per share.The transaction generated proceeds of $11.2 million and a profit of $6.1 million. The proceeds will be …
LABRADOR NEWS ROUNDUP — Castle Rock bullish on new find
Massive sulphide mineralization has been identified on the Charles Michael claim northwest of Webb Bay in the Voisey Bay area of Labrador.Castle Rock Exploration (VSE) controls the property, where roc…
LABRADOR NEWS ROUNDUP — Larder eyes Harp Lake targets
Claims in two separate areas of Labrador will be explored by Toronto-based International Larder Minerals (CDN).The company will acquire the 947 claims for a total consideration of $405,125.The first g…
NEWS ROUNDUP — Armistice continues sampling
Bulk sampling has enhanced the potential of Armistice Resources’ (ME) gold property in Virginiatown, Ont.The company mined a 3,200-ton bulk sample with an estimated grade of 0.3 oz. gold per ton. The …
Inco buys back shares
Nickel giant Inco (TSE) will repurchase up to 10 million (about 10%) of its common shares.The repurchase is expected to end no later than July 12, 1996. The shares will be paid for with internal cash …