Partners gain North Shore ground
Partners First Western Minerals (VSE) and Virginia Gold Mines (ME) have acquired three nickel-copper prospects northeast of Sept-Iles, Que.The properties, which occupy 23 sq. km, are near Magpie Lake,…
News
PEOPLE — WESTERN PREMIUM (December 18, 1995)
Stuart McPherson appointed director.
PEOPLE — WEST AFRICA MINING EXPL-SEMAFO
Joel King appointed special consultant to the board.
PEOPLE — ALTAI (December 18, 1995)
Ivan de Souza appointed chairman.
Tombstone and Mar-West test Honduran copper-gold project
The first phase of diamond drilling on the Minoro project in Honduras returned copper-gold values for Tombstone Explorations (TSE) and Mar-West Resources (VSE).The companies, which hold the property i…
PEOPLE — TULLAREE RES. (December 18, 1995)
Nizar Bharmal appointed president and chairman.
Gold resource is boosted at Brisas
The gold resource at the Brisas alluvial concession in southeastern Venezuela has been increased by 30%.Gold Reserve (TSE), owner of a 91% interest in Brisas, has added copper and gold from the northe…
PEOPLE — TRANS ATLANTIC (December 18, 1995)
Christopher Serin appointed director, president and chief executive officer; Bedo Kalpakian appointed chairman; Jacob Kalpakian, Geoffrey Carter and David Ekmekjian appointed directors.
Brascan to sell control of Westmin
A proposed unit offering through an underwriting group will raise almost $70 million for Westmin Resources (TSE) and allow Brascan to sell its 35.9 million shares of the Vancouver-based mining and exp…
Metal Prices — FREE MARKET (December 18, 1995)
London Metal ExchangeSpot closing prices in $US per tonneDateDec. 12 Dec. 11Dec. 8 Dec. 7 Dec. 6Copper2955-2960 2994-29952965-29702978-29832970-2975Lead736-737 744-746740.5-742.5737.5-738…
Drills turning at Morgain’s Horwood
A surface gold showing, discovered in October, is being drill-tested at the Horwood Twp. property of Morgain Minerals (VSE).Meanwhile, geophysical surveys have resulted in the discovery of an anomaly …
Granges sets budget for 1996 exploration
Exploration spending by Granges (TSE) is expected to total US$6.1 million next year.The company plans to spend US$2.5 million in Nevada and US$1.3 million in South America. A further US$2.3 million wi…