NEWS ROUNDUP — Echo Bay buys Etruscan shares
Denver-based Echo Bay Mines (TSE) intends to buy 192,308 common shares of Etruscan Enterprises (VSE) at $2.60 per share. Proceeds of $500,000 will be used by Etruscan to explore the Koma Bangou gold p…
News
NEWS ROUNDUP — Northgate settles Colomac suit
Toronto-listed Northgate Exploration has settled a class action suit filed in the U.S. in 1991. The corporation, along with four of its senior officers, was named in the suit, which alleged violations…
Tri Origin expands Aussie ground
Junior Tri-Origin Exploration (TSE) has formed a 50-50 joint venture with an Australian company to explore ground in New South Wales. The joint venture has applied for seven exploration leases coverin…
Cambiex exploring Polo Sur property in northern Chile
Results from the Polo Sur copper property in northern Chile have been released by Cambiex Exploration (ME). More than 20 trenches were excavated along a regional trend of copper mineralization. The hi…
ODDS’N’SODS — The gentle mining giant
To say that Chris Christiansen was big would be an understatement. Chris was huge. In an age when size and strength were the key to the labor marketplace, this Swede had outstanding credentials. I fir…
Band-Ore, partners drill property near Timmins
A new gold discovery has been reported by Band-Ore Resources (CDN) on its Thorne property, 10 km west of Timmins, Ont. The first drill hole intersected a 70-ft.-wide mineralized and altered zone which…
New Goldcore cuts copper in Quebec
In the first hole of a drill program at the Dummondville project in Quebec, New Goldcore Ventures (ME) has intersected several mineralized zones. The drilling is being carried out on the company’s 13-…
NEWS IN BRIEF (January 30, 1995)
Shore Gold Fund (SGF:ASE) has changed its name to Shore Gold (SGF:ASE) on a share-for-share basis.
Cambior to spend $62 million at Grevet
The directors of Cambior (TSE) have decided to spend an additional $62 million on preproduction work at the Grevet polymetallic project, 80 km northeast of Lebel-sur-Quevillon, Que. The deposit has a …
METALS COMMENTARY — Are metals prices about to peak?
Surging metals prices are attracting the attention of consumers and investors. Bolstered by ever-stronger physical demand, prices for many metals are now at or near the pre-recession levels of several…
New mining plans for Keely Frontier
Plans to rework the old Keely Frontier mine in northeastern Ontario for its cobalt are in the works. Transway Capital (CDN) has entered into an agreement with Sassoon Metals of Switzerland to raise $5…
Noranda funds work in Panama
Reconnaissance silt sampling is set to resume on the Rio Veraguas and Guayabal concessions of Western Keltic Mines (VSE) in Panama. Noranda (TSE) will provide $75,000 towards a $105,000 program aimed …