Guyana Gold in proposed JV in Zimbabwe
The government of Zimbabwe has approved a proposed joint venture concerning the Sabi gold mine. Guyana Gold (VSE), along with a private Zimbabwe firm, can acquire a 55% interest in the joint venture f…
News
Murgor drilling hits gold but fails to impress market
The first hole completed by Murgor Resources (VSE) at its 14-claim Barry Twp. property in northwestern Quebec intersected gold mineralization. Market players, however, were less than impressed. Hole M…
EXPLORATION ’95 — Exploration pays off for FirstMiss at
An accelerated exploration program by FirstMiss Gold (NASDAQ) is encountering significant gold mineralization from the Turquoise Ridge deposit at the company’s Getchell mine property, 210 miles northe…
EXPLORATION ’95 — Bathurst camp attracts junior
A junior company is gearing up to test a large property west of the past-producing, base metal-silver-bismuth mine at Nigadoo in the Bathurst camp of New Brunswick. Private company Freegrant Silver vi…
Bre-X has million-ounce resource at Busang project
An independent consultant has determined the Central zone of the Busang gold project in East Kalimantan, Indonesia, has a drill-inferred geological resource of 10.3 million tonnes averaging 1.92 grams…
Athabaska busy at Nicholas Lake
A private placement of 5.9 million common shares at a price of $1.30 per share has netted Athabaska Gold Resources (TSE) a total of $7.2 million. The proceeds will be used to fund three projects: unde…
Falconbridge ups Collahuasi interest
Collahuasi partner Shell Petroleum will sell its one-third interest in the copper deposit in Chile to Falconbridge (TSE) and Minorco for about US$19 million. The two partners will each end up holding …
EXPLORATION ’95 — Allegheny Mines active in northwestern
A former gold producer and three other properties west of Thunder Bay, Ont., are undergoing exploration by Allegheny Mines (ASE). The contiguous properties comprise 23.5 square miles and are 5.5 miles…
EXPLORATION ’95 — Granges and Atlas ponder exploration
The boards of Granges (TSE) and its 50.5% subsidiary, Hycroft Resources & Development (TSE), have approved an amalgamation of the companies, subject to regulatory and shareholder approvals. The propos…
PRODUCER PRICES (March 06, 1995)
ALUMINUM: MW U.S. market US94.5-96.5 per lb. (Feb. 3, 1995). ANTIMONY: MW New York dealer US$2.40-2.50 per lb. (Jan. 27, 1995). BISMUTH: MW New York dealer US$3.80-4.00 per lb. (Jan. 20, 1995). CADMIU…
Toronto Stock Exchange Indices (March 06, 1995)
— 1995 — Feb 28 Feb 27 Feb 24 Feb 23 Feb 22 High Low Composite”300′ 4124.81 4094.12 4120.11 4143.12 4121.10 4196.41 3983.34 Metals&Minerals 3869.62 3920.98 3963.62 3967.26 3955.74 4337.89 3273.56 In…
Southern Peru defers offering
Peruvian copper producer Southern Peru Copper has deferred the public offering of its common stock. The planned offering was a secondary offering by three of the company’s shareholders. Southern Peru …