Teddy Bear funds Holloway share
Teddy Bear Valley Mines (CDN) is raising the necessary funds to cover its portion of construction costs at the Holloway gold joint venture in northeastern Ontario.The company will raise $2 million thr…
News
Hemlo options Acabit property
Exploration Acabit’s (ME) gold property in Quebec’s Private Twp. has been optioned to Hemlo Gold Mines (TSE).The latter can acquire the former’s 42 mining claims in the area, subject to a 2% net smelt…
McLellan launches cross-country lab
Anne McLellan, Canada’s minister of natural resources, helped launch the Mobile Foundry Laboratory during a recent ceremony at Quality Steel Foundries in Edmonton, Alta.The mobile laboratory will revi…
STOCK MARKETS — Lower interest rates help TSE forge ahead
Despite persistent fears of a new recession, the TSE 300 composite surged ahead over the 5-day report period ended June 20, helped in part by falling interest rates and a strong performance in preciou…
Mining opportunities emerge in former Soviet republics
Emerging from under the yoke of Soviet rule, the countries of Central Asia are struggling to transform themselves into market-based economies.Uzbekistan has been especially aggressive in the area of m…
Spot prices at a glance (June 26, 1995)
Wednesday, June 21Week’sPrice (US)ChangeGold*$390.70+$3.90Silver*$5.49+$0.12Platinum*$442.75+$6.15Nickel**$3.51+$0.05Lead**$0.27-$0.01Copper $1.41+$0.10Zinca$0.45$0.00Co…
Drilling expanding reserves at Kabanga nickel project
A drill program at the Kabanga joint venture in Tanzania is expanding reserves.Sutton Resources (VSE) says work on the North zone has outlined 12.4 million tons grading 2% nickel, 0.27% copper and 0.1…
Eskay Creek mine gives Prime Res. scope for growth
With its wholly owned Eskay Creek gold-silver mine in northwestern British Columbia up and running, Prime Resources Group (TSE) is looking to seize opportunities elsewhere in Canada.Towards this end, …
Freeport upgrades Indonesian mine
Milling rates are surpassing expectations as Freeport-McMoRan Copper & Gold (NYSE) completes its expansion of the Grasberg copper-gold operation in Indonesia’s Irian Jaya province.The goal of 115,000 …
Glencairn drills Goodfish play
Drilling is under way at the Goodfish property near Kirkland Lake, Ont., where past drilling returned up to 0.49 oz. gold per ton across 41.5 ft.Glencairn Explorations (ASE) is operating the current 5…
Forrest trench results promising
Gold enrichment has been found to exist in each of 10 trenches at the Forrest project of Trillion Resources (TSE).The property is in the Kadoma region of Zimbabwe, where Trillion has licences to carry…
Francisco forms JV in Mexico
El Realito, a gold-silver property in Mexico’s Chihuahua state, will be explored by Nord Pacific (NASDAQ) and Francisco Gold (VSE).Francisco, an Australian-based company, paid US$100,000 for the prope…