OPAP, OMIP funds available
The Ontario government plans to make $5 million available during the 1995-96 fiscal year for exploration work, through two programs. The level of financial assistance is unchanged from the current fis…
News
Galleon Mining in control of Raq tailings project in Chile
A new option agreement covering the Raq tailings project in Chile would give Pacific Galleon Mining (VSE) a 100% interest in the project. The option agreement is with a private investment group which …
Paramount adds to Argentine holdings
Based on an agreement with a group of five mineral property owners, Paramount Ventures & Finance (VSE) will acquire rights to more than 27,500 hectares of gold and copper prospects in Jujuy province i…
STOCK MARKETS — Weakened diamond issues take shine off
For many investors (especially those with good timing), 1994 was a reasonable year, as evidenced by a rise in the Vancouver Stock Exchange composite index to a high of 1,171.13 for a gain of more than…
Minieres du Nord acquires claims near Murgor find
Montreal-listed Explorations Minieres du Nord (MDN) has acquired 29 claims northwest of, and contiguous to, the gold discovery recently announced by Murgor Resources (VSE). The claims lie within Barry…
Calais plans drill program
Junior Calais Resources (VSE) will launch a 4,000-ft. drill program on its 51% owned White Caps gold property near Manhattan, Nev. Several targets were identified from a controlled-source audio magnet…
PRODUCER PRICES (January 09, 1995)
ALUMINUM: MW U.S. market US90.5 cents-91.5 per lb. (Dec. 23, 1994). ANTIMONY: MW New York dealer US$2.80-2.90 per lb. (Dec. 2, 1994). BISMUTH: MW New York dealer US$3.90-4.10 per lb. (Dec. 23, 1994). …
Spot prices at a glance (January 09, 1995)
Week’s Price (US) Change Gold* $378.25 – $3.55 Silver* $4.72 – $0.09 Platinum* $410.50 – $5.50 Nickel** $3.99 + $0.10 Lead** $0.29 $0.00 Copper $1.33 – $0.03 Zinc $0.51 $0.00 Courtesy of Scotiabank. I…
Celtic acquires polymetallic project
Junior Celtic Minerals (ASE) will acquire the Wing Pond gold-silver and base metal property east of Gander, Nfld. It may do so by paying the vendor $10,000 in cash and issuing 950,000 Celtic shares. T…
Manhattan Minerals obtains line of credit
A US$7.5-million line of credit has been arranged by Manhattan Minerals (TSE), to be used primarily for developing the Moris heap-leach gold mine in Mexico’s Chihuahua state. Up to US$5 million will b…
INVESTMENT COMMENTARY — Sulphide potential makes Eden Roc a
Based on gold production from oxide reserves and potential production from new sulphide sources, Canadian investment firm ScotiaMcLeod recommends Eden Roc Minerals (TSE) as a speculative buy. The anal…
Freewest options Barry Twp. ground
An option to earn a 60% interest in 18 claims adjoining ground where Murgor Resources (VSE) made a gold discovery has been acquired by Freewest Resources Canada (TSE). Freewest can earn the interest f…