San Andreas drilling for silver-lead-zinc
Diamond drilling is under way on the Prairie Creek property of San Andreas Resources (TSE), 300 miles west of Yellowknife, N.W.T.The property hosts a geological resource of 6.8 million tons grading 12…
News
Consolidated Silver to acquire stake in Mexican silver play
Emerging from several years of dormancy, Consolidated Silver (NASDAQ) is trying to gain a footing in the industry.Under an agreement with Hecla Mining (NYSE) which owns 67% of Consolidated, the junior…
Bre-X ups resource at Busang
An independent consultant has updated the resource at the Busang gold property in East Kalimantan, Indonesia.Owner Bre-X Minerals (ASE) estimates that, based on a cutoff grade of 1 gram gold per tonne…
PEOPLE — LAGUNA GOLD
Laurence Marsland appointed president; James McGowen appointed chairman; George Mallon appointed vice-chairman; and Robert Monroe appointed director.
EDITORIAL PAGE — Canada, Cuba and the U.S.
Having come of age on the battlefields of Europe and the Far East, Canada has earned the right to make its own foreign policy and conduct business ventures accordingly. That is why it is puzzling, to …
Cyprus Amax finances El Abra
A major hurdle has been cleared in the endeavor to develop the Chilean copper project known as El Abra.Cyprus Amax Minerals (NYSE), which owns 51% of the gigantic project, reports that financing of US…
Diamond News Roundup — Soil-sampling work targeted for Misty Lake joint venture
A $350,000 program of soil sampling will be carried out on several kimberlite pipe targets on the Misty Lake property in the Northwest Territories.Situated next to Mountain Province’s discovery in the…
Audrey cuts ribbon at Bouchard-Hebert mine
More than 300 people gathered underneath a large tent here in the heart of the Abitibi greenstone belt to raise a glass of cheer to Quebec’s newest polymetallic producer.The Bouchard-Hebert mine, form…
TSE Short Positions (June 26, 1995)
Short positions outstanding at May 31, 1995.Larger individual positions included: Aber Res. 32,300; Agnico-Eagle 206,880; Archer 104,470; Asia Pacific 155,000; Baja Gold 71,500; Bema Gold 1,071,800; B…
PRODUCER PRICES (June 26, 1995)
ALUMINUM: MW U.S. market US84.5-85.5 cents per lb. (June 9, 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).CAD…
Juniors intersect gold in Cuba
Partners MacDonald Mines Exploration (ASE) and Mill City Gold Mining (VSE) have completed a 660-metre drill program on their Golden Hill project near Camaguey, Cuba.Eleven short holes were drilled to …
Nuinsco encouraged by drill results
Diamond drilling by Nuinsco Resources (TSE) in Ontario’s Rainy River district has revealed intervals of high-grade gold.Of 22 holes drilled on the Richardson Twp. property, 17 have been analyzed, with…