Teddy Bear funds Holloway share
Teddy Bear Valley Mines (CDN) is raising the necessary funds to cover its portion of construction costs at the Holloway gold joint venture in northeastern Ontario.The company will raise $2 million thr…
News
Hemlo options Acabit property
Exploration Acabit’s (ME) gold property in Quebec’s Private Twp. has been optioned to Hemlo Gold Mines (TSE).The latter can acquire the former’s 42 mining claims in the area, subject to a 2% net smelt…
“Pride and vision” theme of CIM Centennial
“Pride in the past and vision for the future” will be the theme used in 1998 to mark the 100th anniversary of the Canadian Institute of Mining, Metallurgy and Petroleum (CIM).Anne McLellan, Canada’s m…
Insider Trading — Cameco insiders exercise options, sell shares
Four Cameco (TSE) insiders exercised options and sold shares in April.According to the Ontario Securities Commission’s OSC Bulletin, Gary Chad, senior officer, exercised options and acquired 3,000 sha…
Homestake eyes gold in Eastern Europe
Mining giant Homestake Mining (NYSE) has reached an agreement whereby it can acquire a sizable chunk of the Chelopech gold-copper mine 75 km east of Sofia, Bulgaria.The company will buy 6 million newl…
Strike halts production at Golden Giant
A strike has halted production at the Golden Giant mine of Hemlo Gold Mines (TSE).The 223 members of United Steelworkers of America Local 9364 went on strike June 17, citing a dispute with management …
Eldorado expanding Colorada mine
By expanding facilities at the Colorada mine in Mexico’s Sonora state, Eldorado (TSE) expects to reduce processing costs by up to 30% and improve gold output by up to 15%.A new Merrill-Crowe circuit, …
Investment Commentary — Arequipa properties advance to drill stage
With total land holdings in Peru encompassing more than 137,000 hectares, Arequipa Resources (VSE) offers investors excellent short-term leverage, says mining analyst Graeme Currie of Canaccord Capita…
METAL PRICES — FREE MARKET (June 26, 1995)
London Metal ExchangeSpot closing prices in $US per tonneDateJune 20 June 19June 16 June 15June 14Copper3110-3115 3040-30503022-3024 2961-29622867-2870Lead596.5-597.5 600-601612-613 611-612…
New Horizons — Diamonds in California
Although California has been one of the most productive regions in North America for diamonds, the region does not fit any classical exploration model for diamondiferous kimberlite or lamproite.The st…
El Callao outlines gold zone in Venezuela
Drilling on the Venezuelan property known as Lo Increible is outlining a second zone of gold mineralization for El Callao Mining (VSE).The company, which is earning up to a 70% interest in the propert…
Avalon steps up exploration efforts
With ground next to one company’s past failure and another’s recent bonanza, newly revived junior Avalon Ventures (TSE) is preparing for a busy exploration season in 1995.Avalon recently entered into …