Conversion of Weights and Measures (July 17, 1995)
1 troy ounce = 31.1 grams1 kilogram = 32.15 troy ounces1 kilogram = 2.2046 pounds1 (metric) tonne = 1,000 kilograms1 (metric) tonne = 2,204.6 pounds1 (short) ton = 2,000 pounds1 (metric) t…
News
Holmer expands Loma Hierro
As one of the first Canadian mining companies to take on projects in Cuba, Holmer Gold Mines (ASE) intends to continue concentrating its efforts in the Carribbean nation, despite the disapproval of so…
Akie drilling hits sulphides
Drilling on the Akie project in northern British Columbia has intersected 32.7 metres of massive and semi-massive pyrite-sphalerite-galena mineralization interbedded with argillaceous sediments.Assay …
Exploration planned for Greenland
An option agreement with Platinova A/S (TSE) sets the stage for Cartaway Containers to earn a 50% interest in three mineral concessions on the west coast of Greenland.The claims were staked by Platino…
Cornucopia Res. to acquire gold producer in Arizona
The planned purchase of Addwest Minerals for US$22.3 million will give Cornucopia Resources (TSE) a 50,000-oz.-per-year gold producer.Addwest, a wholly owned subsidiary of Addington Resources (NASDAQ)…
Ivory starts work program
Exploration work is under way on property held by Ivory Oils & Minerals (VSE) about 12 km southwest of Diamond Fields’ main discovery in the Voisey Bay region of Labrador.The first phase of work inclu…
NEWS IN BRIEF (July 10, 1995)
Canadian Comstock Explorations (CKX:VSE) has changed its name to American Comstock Explorations (AEK:VSE) on a 1-new-for-4-old-share basis.
Miranda options Mexican property
Miranda Industries (VSE) can acquire the Colorada gold concession in Mexico’s Sinaloa state.To do so, it must make annual payments of US$58,000 over a 5-year period, followed by a final payment of US$…
Cameco finances Kyrgyzstani mine
Toronto-listed Cameco can now proceed with development of the US$360-million Kumtor gold deposit in Kyrgyzstan.Certain lenders will commit US$270 million to the project, and the balance will be provid…
PEOPLE — SANTA CATALINA
Lukas Lundin appointed president.
PEOPLE — MINERAL RES.
John Byrne elected executive chairman.
PEOPLE — MAGMA COPPER (July 10, 1995)
Marc Ingelbinck appointed vice-president of commercial sales.