Spanish Mountain a Likely bet for Cyprus
A wholly owned subsidiary of Cyprus Amax Minerals (NYSE) has begun a $330,000 exploration program on the Spanish Mountain property near Likely, B.C.The major can earn a half interest in the property f…
News
Kookaburra Res.postpones its Cachuyo purchase
Questions about the legality of various mineral claims comprising the Cachuyo copper-gold project in southwestern Peru has prompted Kookaburra Resources (TSE) to halt the proposed acquisition until ma…
Anglo, American Mineral to develop Kipushi
The Kipushi polymetallic deposit in Zaire will be reworked following an agreement between American Mineral Fields (VSE) and mining powerhouse Anglo American.The latter will contribute up to $100 milli…
Metal Prices — FREE MARKET (May 20, 1996)
London Metal ExchangeSpot closing prices in $US per tonneDateMay 14 May 13 May 10 May 9 May 8Copper2776-2781 2770-2775 2772-2777 2800-28052845-2850Lead847-848 843-844 850-852 850-852 869…
ODDS’N’SODS — Waiting for the thaw
In 1911, the local mine in Hollinger (now Timmins), Ont., installed a pump and pumphouse on a nearby river in order to supply the town with water.A steel bridge to carry the pipeline over Fullam Creek…
Canmine tests sample from Werner Lake
Metallurgical tests are being conducted on development samples from Canmine Resources (ASE) Werner Lake property, 85 km northwest of Kenora, Ont.Four samples of drill core assayed 0.14-4.58% cobalt an…
Normabec gains ground in Argentina
A joint-venture agreement with a company based in Argentina will allow Normabec Mining Resources (ME) to explore for gold in that country.The agreement will allow Normabec to acquire a 75% undivided i…
Nevsun drills Ghanaian gold property
Under the direction of 75% owner Nevsun Resources (TSE), drills are turning on the Juabo concession in central GhanaThe concession is 40 km west of Nevsun’s Kubi concession and the Ashanti gold mine. …
P.T. Inco completes expansion financing
P.T. Inco now has the money to proceed with the planned expansion of its Indonesian operation.The firm, an Indonesian-based company owned 58.7% by Inco (TSE), has received from international financial…
Agnico-Eagle bullish on LaRonde results
The latest drill results from the LaRonde gold-silver-copper mine of Agnico-Eagle Mines (TSE) should soon enable the company to boost its resource estimate, says President Paul Penna.Drilling at the m…
Meetings (May 13, 1996)
MEETINGSMay 20, FoxgroveMay 21, CandelaMay 21, EQ Res.May 21, First WesternMay 21, GeomaqueMay 21, HaydenMay 21, Inca PacificMay 21, Inter-Rock GoldMay 21, Redbird GoldMay 21, RegeenaMay 21, SaxonyMay…
Teck scans study on Red Chris
Having received a prefeasibility study on the Red Chris copper-gold project in northwestern British Columbia, Teck (TSE) has 90 days to decide whether or not to become operator and finance a final stu…