Correction (March 06, 1995)
Vancouver-based Ariel Resources (TSE) reported a net profit of US$180,000, or US0.019 cents a share. Incorrect information appeared in our issue of Feb. 20.
News
STOCK MARKETS — Budget buzz triggers rally on the TSE
A positive response to the recent federal budget led the Toronto Stock Exchange to post a moderate gain over the 5-day reporting period ended Feb. 28. The composite 300 index jumped 22.96 points to cl…
New gold discovery in Chile
Several gold zones were recently discovered by Arauco Resources (VSE) on its wholly owned properties in south Chile. The junior says all 149 samples, taken over two-metre intervals from zones A and B,…
NEWS IN BRIEF (March 06, 1995)
Consolidated Bonanza Metals (CZT:ASE) has changed its name to Mincor Resources (CZT:ASE) on a share-for-share basis.
EXPLORATION ’95 — Cominco Res. commences construction at
Construction is under way at the Mariquita copper project near Cananea in Mexico’s Sonora state. The project is held by a Mexican company which is owned 49% by Cominco Resources International (TSE) an…
EXPLORATION ’95 — C, D zones targeted — New development
In an attempt to prove up additional reserves, Northfield Minerals (TSE) is exploring several targets on its Cheminis gold mine property west of Virginiatown, Ont. With current minable reserves expect…
Reserves boosted at Cerro Colorado
Having assessed the latest drilling and delineation results, Rio Algom (TSE) reports an impressive 90% increase in copper-in-ore reserves at its wholly owned Cerro Colorado mine in Chile. Reserves wer…
COMMENTARY — Crucial year for Canadian mining
This year will be crucial for Canadian mining, says Dennis Prince, an ambassador for “Keep Mining in Canada” and the director of international exploration for Falconbridge. The “Keep Mining in Canada”…
INSIDER TRADING — Kinross directors complete transactions
Two directors of Kinross Gold (VSE) completed share transactions in January and February. According to the Ontario Securities Commission’s OSC Bulletin, director John Brough was granted 100,000 option…
EXPLORATION ’95 — Aurex makes exploration plans for South
Junior copper-gold producer Aurex Resources (TSE) intends to concentrate its exploration efforts this year on the Talcuna district of Chile, as well as on various properties in Peru and Guyana. Aurex …
EXPLORATION ’95 — Exploration: at home or abroad?
How do mining companies decide where to focus their exploration efforts now that a tempting array of geological opportunities has opened up in almost every corner of the globe? All senior companies ar…
EXPLORATION ’95 — Band-Ore adds two projects to Timmins area
Two projects have been added to Band-Ore Resources’ holdings in Sewell and Reeves twps., west of Timmins, Ont. The company can acquire the Ross property in Penhorwood Twp., which consists of two claim…