Atlas poised to restart Nevada’s Gold Bar mine
Using its equity interest in Granges (TSE), New York-listed Atlas is securing financing to resume mining at its Gold Bar mine in central Nevada.Atlas will receive US$11 million from two Canadian secur…
News
Meetings (October 23, 1995)
MEETINGSOct. 30, Blue Ribbon Oct. 30, Ican Oct. 30, KayorumOct. 30, PrincessOct. 30, Seaway Base Metals Oct. 30, Sidon Int’lOct. 30, TemplarOct. 30, Vauquelin Oct. 31, AlpetroOct. 31, American Wollast…
Canadian States reports results
CDN-listed Canadian States Resources has encountered low-grade nickel-copper-cobalt mineralization on the 1514M Claim Block in Labrador.One of the five additional holes tested the G zone, while the re…
Chase to increase share in Taysan
Magma Copper (NYSE) and Chase Resource (TSE) have revised their previously announced agreement regarding their partnership in the Taysan copper-gold property in the Philippines.The original deal, sign…
Battle Mountain eyes Aussie firm
Battle Mountain Gold (NYSE) has held discussions with Australian-listed Mt. Edon Gold Mines concerning a possible merger.Mt. Edon owns the Tarmoola gold mine in the Leonora region of Western Australia…
Spot prices at a glance (October 23, 1995)
Wednesday, October 18, 1995Week’s Price (US)ChangeGold*$383.75-$0.95Silver*$ 5.35-$0.07Platinum*$413.35-$1.90Nickel**$ 3.52+$0.03Lead**$ 0.29+$0.02Copper $ 1.23-$0.02Zinca$ 0…
Abacus hits sulphides at Niblack
Drilling in the historic Niblack mine area has intersected massive sulphide mineralization.Abacus Minerals (VSE) holds an option to acquire the Niblack project, situated on tidewater at the southern t…
Diamond Fields backs Nuinsco
Emerging nickel producer Diamond Fields Resources (TSE) can earn a 51% participating interest in Nuinsco Resources’ (TSE) Rainy River claims in northwestern Ontario.Diamond Fields intends to buy 2 mil…
Nebex set to drill Albanian project
Having completed initial exploration of its two concessions in Albania, Nebex (ASE) is preparing to drill for base metals.President Brian Douglas says a 30,000-ft. drill program is planned for the win…
Curator cuts costs at Boleo
By buying into the underlying owner of the Boleo copper-cobalt project in Baja California Sur, Mexico, International Curator Resources (TSE) has reduced its property costs by $11.6 million.Curator pai…
Derivatives study calls for greater controls, fewer risks
An international survey on the use of derivatives concludes that investment funds are needed to improve risk management.The survey, conducted by Ernst & Young, polled more than 140 investment manageme…
COMMENTARY — Rhetoric over reason
Recent criticism of the mining industry expressed by Interior Secretary Bruce Babbitt shows that “he continues to rely on rhetoric over reason, and places politics over policy in his quest to drive th…