TSE SHORT POSITIONS (December 25, 1995)
Short positions outstanding at November 30, 1995Larger individual positions included: Barrick Gold 6,159,554; Agnico-Eagle 190,043; Arequipa 109,000; Bema Gold 1,250,700; Caledonia M’g 287,200; Campbe…
News
Tandem and NAR pull gold
In Guibord Twp., 17 km east of Matheson, Ont., Tandem Resources (ME) and NAR Resources (ME) have drilled a 4.4-metre intersection containing 8.6 grams gold per tonne (0.25 oz. per ton).Contained in th…
Trenching work confirms Beep Mat showings in Berthiaume Township
The Beep Mat Syndicate, a consortium of exploration and geophysical firms, has trenched a Beep Mat conductor in Berthiaume Twp., Que., confirming a mineralized zone 35 metres long and 4 to 5 metres wi…
Jerooy project shelved due to costs
The viability of the Jerooy gold project in the former Soviet republic of Kyrghyzstan is in question.MK Gold (NASDAQ) has decided the economics of the project will have to improve before it can procee…
COMMENTARY — Green extremists threaten New World
Crown Butte Mines’ New World gold-copper-silver project in Montana continues to grind through the permitting, legal and political process.As the Draft Environmental Impact Statement (EIS) nears comple…
Atlas, Phoenix deal
From a group of individual investors, Atlas (NYSE) has purchased 51% of the outstanding shares of Phoenix Financial Holdings (CDN).In return for US$1.3 million, it acquired 12.2 million shares, and co…
PRODUCER PRICES (December 25, 1995)
ALUMINUM: MW U.S. market US77.25 cents-78.25 cents per lb. (Dec. 8, 1995).ANTIMONY: MW New York dealer US$2.00-2.20 per lb. (Dec. 8, 1995).BISMUTH: MW New York dealer US$4.10-4.30 per lb. (Dec. 8, 199…
Booker Gold zeros in on breccia
Proceeds from a $1-million private placement will be used by Booker Gold Explorations (VSE) to continue drilling through the winter at its Hearne Hill copper-gold project, 65 km northeast of Smithers,…
Drilling tests Queen of the Hills
Drills have begun turning on the Queen of the Hills gold mine property near Salmon, Idaho.Falcon Ventures (VSE) will drill 10 holes in a 5,000-ft. reverse-circulation program. The objective will be to…
Imperial Metals enters JV to explore in Niger
Imperial Metals (TSE) is teaming up with Japan-based Sumitomo on a new project in Niger, Africa.The companies are forming a joint venture on the 748-sq.-km M’Banga gold concession, west of the capital…
N.W.T. base metal play heats up for joint venture
A base metal discovery has been made 150 km northwest of Yellowknife, N.W.T.Partners Fortune Minerals (CDN) and GMD Resources (VSE) recently completed airborne and ground surveys, mapping and trenchin…
Azco OKs sale of copper properties to Phelps Dodge
At a reconvened special meeting, the proposed sale of two copper deposits was finally approved by shareholders of Azco Mining (TSE).Azco now has the mandate to close a US$40-million transaction with P…