Tandem has eye on Indonesia
Montreal-listed Tandem Resources reports that it is engaged in discussions to acquire mineral lands in Indonesia.The company notes, however, that no definitive agrement has yet been reached.Meanwhile,…
News
Companies (January 22, 1996)
INDEXAlberta EnergyAlta GoldAltavistaArequipaArmada GoldAthabaska GoldAur Res.Ayrex ResourcesBarrick GoldBattle Mtn GldBlack Hawk M’gBlack PearlBre-X MineralsCaldera Res.Caledonia M’gCambiorCameco…
Gold output rises at San Juan mine
Siskon Gold (NASDAQ) is cranking out more of the yellow metal from its San Juan mine in northern California.In December 1995, recovered gold jumped to 1,127 oz. as additional mining areas were develop…
Aur to start work in Manitoba
Toronto-listed Aur Resources has begun exploring six properties in northwestern Manitoba. The program is being funded by associated junior companies Thunderwood Resources (TSE) and Consolidated Abitib…
Altavista raises funds for drilling
A private placement will enable Altavista Mines (ME) to develop the Santa Anna gold property in northwestern Quebec.The junior raised $500,000 through a private placement of 1 million common shares wi…
Mimiska funds Fern Elizabeth
Shares of Mimiska Mining have resumed trading on the Montreal Exchange.Funds from recent financings will be used to explore the company’s wholly-owned Fern Elizabeth gold property in Atikokan, Ont.
Canadian Arrow explores in Ontario
Canadian Arrow Mines (CDN) is exploring two of its Ontario properties for gold mineralization.On the Hislop property, near Timmins, Ont., the company is evaluating results from an induced-polarization…
Results in from Wrightbar mine
Early drill results are available from the Wrightbar gold mine property in Quebec’s Bourlamaque Twp.Lithos (ME) dewatered the workings at the former-producing mine early in 1995, and, by December, had…
Athabaska working to revive former-producing Carolin mine
The prospect of reviving a past-producing gold mine has lured Athabaska Gold Resources (TSE) to Ladner Creek in the Cascade Mountains, about 14 miles northeast of Hope, B.C.The company is in the midst…
Flanagan group to reduce debt by 3-way amalgamation
Three affiliated companies — Muscocho Explorations (TSE), Flanagan McAdam Resources (CDN) and McNellen Resources (TSE) — have reached an agreement with their principal creditor to restructure their …
METAL PRICES — FREE MARKET (January 22, 1996)
London Metal ExchangeSpot closing prices in $US per tonneDateJan. 16 Jan. 15 Jan. 12 Jan. 11Jan. 10Copper2534-25392583-2585 2740-2745 2620-26252638-2643Lead701-702 690-691 690-692 699-699…
TORONTO STOCK EXCHANGE INDICES (January 22, 1996)
— 1996 –Jan 16Jan 15Jan 12Jan 11Jan 10HighLowComposite”300″4765.994739.704753.014771.214781.054871.873983.34Metals&Minerals4687.474732.574790.194797.904801.525276.123273.56Inte…