NEWS IN BRIEF (January 30, 1995)
Shore Gold Fund (SGF:ASE) has changed its name to Shore Gold (SGF:ASE) on a share-for-share basis.
News
GOLD FUNDS (January 30, 1995)
BGR Central Net Value $16.87 $6.74 Price $13.38 $6.875 Discount 20.71% Premium 2% Value $132,625,000 $124,432,688…
B.C. gov’t slams door on Kemano
Resource projects have long been the engine of British Columbia’s economy, but that may change if high-profile investments in this sector continue to be quashed by the province’s political leaders. Re…
Cominco advances Yukon deposit
Major companies with metallurgical infrastructure in Canada are perhaps more motivated than most mining groups to maintain an active exploration presence in North America. This is certainly true of Co…
Armada Gold to complete study
A preliminary feasibility study is planned for the Taseevo gold deposit, part of Armada Gold’s (ASE) Baley project in the Chita region of southeastern Siberia. The study, due by late April, will exami…
Feasibility study for Goldfields
An in-house economic evaluation is nearing completion for the Goldfields project in northern Saskatchewan. Operator Greater Lenora Resources (TSE) intends to proceed with a final feasibility study for…
Lyon Lake drills Quebec prospect
A drill program by Lyon Lake Mines (ME) has started on the Waconichi gold prospect 50 miles north of Chibougamau, Que. Eight holes will be drilled to test priority targets determined by geological int…
Abitibi options Marshall Lake
A recent agreement enables Consolidated Abitibi Resources (ME) to acquire the Marshall Lake polymetallic property from Challenger Minerals (VSE). Situated 160 miles northeast of Thunder Bay, Ont., the…
Vengold acquiring Lihir interest
Vancouver-based Vengold (TSE) is acquiring an indirect 10% interest in the large Lihir gold project in Papua New Guinea (PNG). The junior has signed an agreement with project manager RTZ (NYSE) to acq…
Cominco Res. re-opens U.S. nickel smelter
An improvement in nickel prices has prompted Cominco Resources International (TSE) to re-open its half-owned Glenbrook nickel smelter in Oregon. A subsidiary of Cominco (TSE) owns the other 50% intere…
ODDS’N’SODS — The gentle mining giant
To say that Chris Christiansen was big would be an understatement. Chris was huge. In an age when size and strength were the key to the labor marketplace, this Swede had outstanding credentials. I fir…
New Goldcore cuts copper in Quebec
In the first hole of a drill program at the Dummondville project in Quebec, New Goldcore Ventures (ME) has intersected several mineralized zones. The drilling is being carried out on the company’s 13-…