NEWS IN BRIEF (December 18, 1995)
Agincourt Explorations (AGX:VSE) has changed its name to AGX Resources (AXS:VSE).
News
Correction (December 18, 1995)
David Crombie, a director and senior officer of Inter-Rock Gold (ME), was incorrectly reported as having sold 21,400 shares at 94 cents-$1.04. He in fact bought 21,400 shares at that price.
Magma, BHP to form copper giant
Two New York-listed companies — BHP Minerals and Magma Copper — will join forces to become the second-largest copper producer in the world.The new entity will account for 10% of all production, seco…
Weather hampers ANAK-1 drilling
Harsh weather has forced Tapestry Ventures (VSE) and Portman Explorations (VSE) to suspend drilling operations at their jointly held ANAK-1 property in the Voisey Bay area of Labrador.The companies re…
Study boosts resource at Petaquilla property
The size of the Petaquilla copper-gold resource in Panama has almost doubled.An interim scoping study by Fluor Daniel Wright estimates the diluted measured and indicated resource at 1.1 billion tonnes…
Companies (December 11, 1995)
INDEXAbcourtAdrianAgnico-EagleAmerican BllnAmerican Res.Anglo AmericanArequipaArgentina GldAsarcoAshanti GldfldsAtebaAtnaAvalonBarrick GoldBHP MineralsBreakwaterCabot CreekCaldera…
Northair shifts focus to Mexico
International Northair Mines (VSE) is focusing its exploration efforts on two properties in Mexico.Among its assets in the country is an option to acquire the 6,000-hectare Lachatao project in Oaxaca …
Eastmain cuts sulphides at Akweskwa project
Diamond drills are turning at the Akweskwa project of Eastmain Resources (CDN), 60 km southwest of Timmins, Ont.Two holes have been drilled to date, for a total of 525 metres, and the program is expec…
Sun shines on Formation Capital as drilling progresses in central Idaho
Drilling has expanded the Sunshine cobalt-copper deposit in Lemhi Cty., Idaho.As part of a 30,000-ft. program, Formation Capital (TSE) extended the Sunshine Lode zone at depth, into an area previously…
Arequipa finds gold in Peru
Arequipa Resources (TSE) has identified several gold prospects along an 80-km-long, structurally controlled belt of rocks in northern Peru.The Vancouver-based junior is following up the discoveries wi…
Producer Prices (December 11, 1995)
ALUMINUM: MW U.S. market US77 cents-78 cents per lb. (Nov. 24, 1995).ANTIMONY: MW New York dealer US$2.20-2.40 per lb. (Nov. 24, 1995).BISMUTH: MW New York dealer US$4.00-4.30 per lb. (Nov. 24, 1995)….
STOCK MARKETS — TSE posts record high as resource stocks rally
Strength in the resource stocks helped push the Toronto Stock Exchange composite index to record highs on Dec. 4 and 5. The TSE 300 finished the 5-day report period at 4,722.53, up 48.35 points from t…