$3 million for NWT properties
This year, Cumberland Resources (VSE) and Comaplex Minerals (TSE) plan to spend more than $3 million on their Meadowbank and Meliadine gold projects in the Northwest Territories. Work on Meadowbank, s…
News
LRX underground at Midnight
In an underground exploration program at the Midnight gold property in Rossland, B.C., LRX Capital (VSE) is testing the vein system for its high-grade potential. The mine is a small-scale past-produce…
Athabaska busy at Nicholas Lake
A private placement of 5.9 million common shares at a price of $1.30 per share has netted Athabaska Gold Resources (TSE) a total of $7.2 million. The proceeds will be used to fund three projects: unde…
EXPLORATION ’95 — C, D zones targeted — New development
In an attempt to prove up additional reserves, Northfield Minerals (TSE) is exploring several targets on its Cheminis gold mine property west of Virginiatown, Ont. With current minable reserves expect…
EXPLORATION ’95 — Hecla plans to explore historic mining
With La Choya gold mine in Sonora state up and running, Hecla Mining (NYSE) is turning its attention to a historic gold and silver mining district in southern Zacatecas state, in central Mexico. The c…
Agnico-Eagle plans expansion programs
Expansion is planned for three projects held by Agnico-Eagle Mines (TSE) in northwestern Quebec. Mine development work on the No. 2 shaft at LaRonde division, near Val d’Or, Que., is moving forward, w…
Met tests by Boleo deemed positive
Metallurgical scoping tests on copper-cobalt mineralization from the Boleo project in Baja California, Mexico, are providing encouragement for International Curator Resources (TSE). The company is ear…
INVESTMENT COMMENTARY — High River low-risk junior with
A joint-venture deal with excellent exploration and earnings potential has prompted Ken Gillis, an analyst with Research Capital Corporation, to recommend High River Gold Mines (TSE) as a buy. In a re…
GOLD FUNDS (February 27, 1995)
BGR Central Net Value $16.10 $6.53 Price $12.75 $6.375 Discount 20.81% 2.4% Value $126,058,000 $115,383,038…
NEWS IN BRIEF (February 27, 1995)
Westwin Ventures (WVR:VSE) has changed its name to New Westwin Ventures (NWW:VSE) on a 1-new-for-3-old-share basis.
NEWS ROUNDUP — Japan, Oman strike deal
The countries of Japan and Oman have signed an agreement to search for iron, copper, gold and silver in the oil-producing Gulf sultanate. Prospecting would cover an area of almost 4,000 sq. km north o…
EDITORIAL PAGE — Telling it like it is
With investment opportunities opening up in almost every country in the world, analysts are taking a much broader look at what constitutes a “favorable” investment climate. In recent months, several i…