First Western busy in Quebec
Two base metal properties in northern Quebec will be explored under an agreement between Band-Ore Resources (CDN) and First Western Minerals (VSE).In return for a 51% working interest, First Western h…
News
Argentine government agency woos Canadian mining companies
Mining companies may be familiar with the competitive nature of business, yet many governments are not. However, this would appear to be changing, as an increasing number of countries are now competin…
Eastmain steps up drilling at Reservoir
Drilling is in progress at the Reservoir gold property in the Eastmain River greenstone belt in Quebec.Property owner Eastmain Resources (CDN) has announced that drilling to the end of July had indica…
Cambior withdraws from Douay project
An option on the Douay gold deposit near Joutel, Que., has been dropped by Cambior (TSE). The agreement had required Cambior to finance development of the deposit to earn a 50% interest from Vior Mini…
Homestake targets Aussie subsidiary
In a stock swap valued at about US$162 million, Homestake Mining (NYSE) plans to assume sole ownership of its Australian subsidiary.The company will exchange 9.8 million shares of its common stock for…
Producer prices (August 28, 1995)
ALUMINUM: MW U.S. market US88 cents-89 cents per lb. (August 11, 1995).ANTIMONY: MW New York dealer US$2.30-2.50 per lb. (July 14, 1995).BISMUTH: MW New York dealer US$3.65-3.75 per lb. (August 4, 199…
Normabec explores for base metals
In the Matagami region of northern Quebec, Normabec Mining Resources (ME) is exploring for nickel-copper sulphides and precious metals.Normabec entered an agreement with Soquem to acquire an interest …
Alta buys Olinghouse gold properties
Junior producer Alta Gold (NASDAQ) has made the final payment of US$2.25 million for the Olinghouse gold property near Reno, Nev.The company paid a total of US$6.9 million to Phelps Dodge (NYSE) for t…
Rea Gold boosts reserves at Bissett
Vancouver-based Rea Gold (TSE) has seen geological gold reserves increase at its Bissett mine, about 160 miles northeast of Winnipeg, Man.Geological reserves at the former producer are now estimated a…
Eastfield options ground to Prism
A joint-venture agreement with Eastfield Resources (VSE) gives Prism Resources (VSE) the right to earn a 50% interest in a group of properties in the Tonopah gold mining district of west-central Nevad…
Armada to control Russian project
A series of agreements with its Russian joint-venture partner will give Armada Gold (ASE) an additional 17% interest in mineral licences in Russia.Armada’s Russian partner, Baleyzoloto, will sell 7% o…
Noranda doubles net earnings
A strong performance by both its mining and forestry divisions enabled Noranda (TSE) to more than double net earnings for the first six months of 1995, compared with the first half of 1994.The resourc…