South Pacific explores in Indonesia
Indonesian explorer South Pacific Resources (VSE) will spend US$4.4 million testing its three properties on the island of Kalimantan.The program, which was fully funded by an equity issue in 1995, wil…
News
Kennecott constructs huge Utah smelter
The largest construction project undertaken in the state of Utah is a fait accompli.The US$600-million Kennecott Utah Copper smelter, near Salt Lake City, was designed and built by Davy International,…
Indomin adds to Indonesian holdings with two new acquisition gold projects
Junior Indomin Resources (VSE) has applied to expand its gold exploration in central and west Kalimantan.The two new applications cover about 255,000 hectares and host numerous alluvial gold showings….
Cambior and Aurizon boost production at Sleeping Giant
While gold production for the Sleeping Giant mine in northwestern Quebec was up in 1995, it did not reach mid-year projections.Output for the year was 48,042 oz., 12% higher than the 43,003 oz. produc…
Procoloro raises funds and deals option on Vallejo
Procoloro Resources (ME) has given a private Quebec company, 29594785 Quebec Inc., an option to earn 45% of the Vallejo property in the Remedios district of Colombia.The 5.6-sq.-km concession has a ve…
Akiko and Gold Canyon dispute back-in right for Springpole project
Former joint-venture partners Akiko Gold Resources (VSE) and Gold Canyon Resources (VSE) are at odds over a back-in right on the Springpole gold project in northwestern Ontario.Akiko holds the right t…
Royal Oak acts to remedy low earnings
Washington state-based Royal Oak Mines (TSE) has responded to disappointing year-end results by announcing decisions aimed at increasing the profitability of its gold-mining operations.At the end of t…
More holes drilled at Taylor Brook
The latest hole drilled on the Taylor Brook property of Stratabound Minerals (ASE) shows a wider, but weaker, mineralized zone.Hole 18, collared 100 metres east of hole 17, intersected a 42-metre zone…
Santa Cruz explores Mexican gold project
Trenching on the Escobal gold project in Mexico’s Sinaloa state has enabled Santa Cruz Gold (CDN) to outline gold mineralization.Results include 39 metres of 1.1 grams gold per tonne, 84 metres of 1 g…
METAL PRICES — FREE MARKET (February 05, 1996)
London Metal ExchangeSpot closing prices in $US per tonneDateJan. 30 Jan. 29Jan. 26 Jan. 25 Jan. 24Copper2550-2553 2504-25062497-2502 2548-25532560-2565Lead724-725 716.50-717.5720.5-721.5 7…
Canarc to go underground at Polaris-Taku
Canarc Resource (TSE) is proceeding with a $5-million feasibility study on its fully owned Polaris-Taku gold project in northwestern British Columbia, following a positive assessment of the project’s …
PRODUCER PRICES (February 05, 1996)
ALUMINUM: MW U.S. market US75 cents-76 cents per lb. (Jan. 19, 1996).ANTIMONY: MW New York dealer US$2.00-2.20 per lb. (Dec. 8, 1995).BISMUTH: MW New York dealer US$4.10-4.30 per lb. (Dec. 8, 1995).CA…