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…
News
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…
ODDS’N’SODS — David Osborne: Master builder without equal
The landscape of western Canada and the Territories is dotted with a good many sturdy, well-constructed plants and buildings. A goodly number of them are the products of a master builder — David Osbo…
EDITORIAL PAGE — Canada: a land teeming with hidden potential
Some junior companies base their exploration efforts on the premise that the best place to look for new mines is where mines have already been found. And indeed this strategy has resulted in many new …
Symposium to highlight global opportunities
The investment climate and mineral projects of Latin America, China and Southeast Asia, Africa and the Commonwealth of Independent States will be featured at a symposium in Toronto on Jan. 25, 1996.Th…