Fort Knox drill program tests Ontario property
A recent drill program by Fort Knox Gold Resources (TSE) has intersected additional sulphide mineralization at the company’s base metal property in Ontario’s Fawcett Twp. In one program, two short hol…
News
Silver Standard to drill El Gato
By early February, a 1,400-metre drilling program will begin on El Gato, a silver property in central Mexico. Silver Standard Resources (VSE) reports that preliminary exploration outlined a large silv…
Cambior to spend $62 million at Grevet
The directors of Cambior (TSE) have decided to spend an additional $62 million on preproduction work at the Grevet polymetallic project, 80 km northeast of Lebel-sur-Quevillon, Que. The deposit has a …
Black Hawk to acquire copper-gold deposit
Toronto-based Black Hawk Mining (TSE) will acquire Boliden Resources’ interest in the Bald Mountain copper-gold property in Maine. The purchase price is US$2 million and a 2% net smelter return (NSR) …
DIAMOND NEWS ROUNDUP — Bulk sample results in from Kahama
Results were released by Serengeti Diamonds (VSE) from a 300-tonne bulk-sampling program on the southern portion of the company’s mining claims at Kahama, Tanzania. The Toronto-based junior is earning…
NEWS IN BRIEF (January 23, 1995)
Noramco Mining (NNN:VSE) has changed its name to Quest Capital on a share-for-share basis.
PEOPLE — CADRE
Page Chilcott and Stanley Sandner appointed directors.
PEOPLE — CANADA TUNGSTEN
James Gill appointed president and chief executive officer; Wayne Lenton appointed chairman; Howard Stockford appointed vice-president of exploration; and David Libby appointed vice-president of minin…
GOLD FUNDS (January 23, 1995)
BGR Central Net Value $16.89 $6.60 Price $14.00 $6.75 Discount 17.12% Premium 2.3% Value $133,012,000 $122,170,275…
INVESTMENT COMMENTARY — Queenstake seen as attractive
Buying out-of-favor stocks is seen by many as a good way of following the first part of the buy-low/sell-high rule. Yorkton Securities sees value in Queenstake Resources (TSE), which recently traded a…
Birim expands Ghanaian holdings
CDN-listed Birim Goldfields has expanded its Dunkwa prospecting licence in Ghana to more than 130 from 50 sq. km. The property lies between the Ashanti Goldfields gold mine and Gencor’s Bogosu gold mi…
New coal mine for Stellarton, N.S.
Nova Scotia’s natural resources ministry has given the green light to a surface coal-mining operation at the former Wimpey pit in Pictou Cty. The project, proposed by Pioneer Coal, was approved subjec…