Fortune encouraged at Yellowknife play
Mapping and sampling on Fortune Mineral’s (CDN) polymetallic NICO claim group northwest of Yellowknife, N.W.T., has yielded significant results. Mapping traced the No. 1 zone for 300 metres along stri…
News
EDITORIAL PAGE — What’s ahead for cobalt?
The recent increase in cobalt prices to more than US$26 per lb. is good news for producers, some of whom have already responded to current tightness by expanding production. And further down the road,…
NASDAQ moves on improvements
Under investigation by the U.S. Justice Department and the Securities and Exchange Commission (SEC) for allegedly fixing prices and other abuses, NASDAQ (National Association of Securities Dealers Aut…
PEOPLE — LORICA RES. — Jaime Araoz, Jorge Bedoya and
A 198.9-kg drill sample from Aber Resources’ (TSE) Diavik project in the Northwest Territories has yielded 150 microdiamonds and 99 macros. The hole, A154-9, was drilled into the southern kimberlite p…
Westmin intersects new zones
At its Myra Falls operation near Campbell River, B.C., Westmin Resources (TSE) is discovering that two mineralized zones are better than one. Surface diamond drilling aimed at testing the western exte…
METAL PRICES — FREE MARKET (December 12, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date Dec. 6 Dec. 5 Dec.2 Dec. 1 Nov. 30 Copper 2912-2913 2938-2940 2984-2985 2948-2950 2955-2958 Lead 630-631 637-638 652-654 637-638 636.5-6…
Euro-Nevada buys into Aussie company
Gold royalty company Euro-Nevada (TSE) has acquired an interest in an Australian public company which holds a 10% net smelter return royalty on the Henty gold project in Tasmania. Euro-Nevada acquired…
INSIDER TRADING — Goldbelt officers active
Three officers of Goldbelt Resources (TSE) bought and sold shares in September and October. According to the Ontario Securities Commission’s OSC Bulletin, senior officer and director Michael Muzylowsk…
Cambior drilling in NW Mexico
Toronto-listed Cambior plans to spend an additional US$3.5 million exploring the Metates gold property in Mexico’s Durango state. To date, more than US$4.3 million has been spent on 25,000 metres of d…
Ramrod drilling Atlanta property
Underground drilling is under way on the Atlanta gold property, 60 miles east of Boise, Idaho. Consolidated Ramrod Gold (TSE) can earn a 51% interest from Atlanta Gold (TSE) by spending US$2.5 million…
Atlas calls off merger talks
A proposed merger between Atlas (NYSE) and three other mining companies has been nixed. Atlas, which had proposed the merger, informed the three that it no longer wants to proceed. The companies inclu…
Arequipa acquires Peruvian company
A joint venture between Arequipa Resources (VSE) and Peruvian-based Acuarios Minera y Exploradora has culminated in a merger. Arequipa increased its interest in the Peruvian company to 100% by issuing…