News


PRODUCER PRICES (December 19, 1994)

ALUMINUM: MW U.S. market US91.5 cents-93.5 per lb. (Dec. 2, 1994). ANTIMONY: MW New York dealer US$2.80-2.90 per lb. (Dec. 2, 1994). BISMUTH: MW New York dealer US$3.90-4.20 per lb. (Oct. 27, 1994). C…


Kinbauri announces restructuring

Junior Kinbauri Gold has entered a loan agreement for $200,000 with Millfield Capital of Toronto, Ont., subject to regulatory approval and Kinbauri being accepted for listing on the Canadian Dealing N…


Drills turn on Nebex properties

With two drill programs under way and a third set to start in January, Nebex Resources (ASE) is anticipating a busy winter. A 25,000-ft. program is in progress at the main deposit of the Canoe Lake co…


Radisson to drill Quebec projects

Montreal-listed Radisson Mining Resources plans to drill three of its gold properties in northern Quebec later this winter. At the O’Brien property, in Cadillac Twp., a 13,000-ft. program will test se…


Public participation funding awarded

The federal government will provide $61,600 worth of assistance under the Participant Funding Program, to help individuals and groups participate in the environmental assessment review of the decommis…


SGS Open House, Manitoba convention draw delegates

More than 300 representatives of industry, government and universities attended the 25th anniversary Open House of the Saskatchewan Geological Society (SGS) in Saskatoon. In Winnipeg, the 1994 Manitob…


NEWS ROUNDUP — Cliff negotiates bridge loan

Strategic Industry Investments will lend $6 million to Cliff Resources (TSE) so that it can meet its obligations to Mineral Development. The latter is owned equally by Cliff and Strategic. Also, Cliff…


NEWS ROUNDUP — Major potash sale to China

Potash producers in Saskatchewan are selling 800,000 tonnes of their product to China. The sale by Canpotex, the producers’ offshore sales agency, is the single largest order ever sent to China and wi…


NEWS ROUNDUP — Bell Moly, Adanac plan merger

The rising price of molybdenum has prompted two Vancouver-listed companies — Bell Molybdenum Mines and Adanac Mining & Exploration — to amalgamate. Shareholders and regulators have yet to approve th…



NEWS ROUNDUP — Dynacor uncovers new gold zone

Montreal-listed Mines Dynacor has uncovered a new near-surface gold zone at its Siscoe gold mining project near Val d’Or, Que. Lying west of the Main vein, the zone was discovered as a result of drill…


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