NEWS IN BRIEF (September 04, 1995)
Amarado Resources (ADC:VSE) has changed its name to AfriOre Limited (AFO:VSE) on a 1-new-for-2.5-old-share basis.
News
NovaGold reaps royalty from Rambler (September 04, 1995)
A decision to proceed with development of the Rambler Tailings project near Baie Verte, Nfld., should infuse considerable cash into the coffers of NovaGold Resources (VSE).The company acquired the pro…
Spill contained at Omai mine (September 04, 1995)
The cyanide spill at the Omai gold mine in north-central Guyana has been contained, and owners Cambior (TSE) and Golden Star Resources (TSE) hope the government will allow them to resume operations in…
Cutting woes for American Gem (September 04, 1995)
While Montana sapphire producer American Gem’s (TSE) placer mines and heat-treatment plant are both on stream, cutting the mined and treated stones is proving to be a major bottleneck. Company Preside…
Teck starts study at Voisey Bay (September 04, 1995)
The first major company to acquire an indirect stake in the Voisey Bay discovery in Labrador will also be the primary contractor for a mining-milling feasibility study of the nickel-copper-cobalt proj…
BHP starts drill program at Mexican copper project (September 04, 1995)
Drilling is under way on the Coahuila copper project in northeastern Mexico.BHP Minerals is earning a 70% interest in the property from Goldeneye Explorations, a private British Columbia company, by p…
Getchell and Teck drilling Rainbow
Drills are turning again on the Rainbow joint venture near Kamloops, B.C.Partners Getchell Resources (VSE) and Teck (TSE), which own 30% and 70%, respectively, are carrying out this second phase of wo…
Spot prices at a glance (August 28, 1995)
Wednesday, August 23Price (US)Week’s ChangeGold*$383.45-$0.65Silver*$5.56+$0.20Platinum*$428.00+$7.30Nickel**$4.13+$0.04Lead**$0.28$0.00Copper$1.39$0.00Zinc$0.46 $0.00Co…
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…
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…
Metal Prices — FREE MARKET (August 28, 1995)
London Metal ExchangeSpot closing prices in $US per tonneDate August 22 August 21 August 18 August 17 August 16Copper 3078-3080 3092-3095 3117-3120 3143-3151 3070-3072Lead 621.5-623.5 627.5-628.5…
Geophysics start in Costa Rica
Airborne geophysical surveys are under way on Costa Rican properties held by Barrick Gold (TSE), Lyon Lake Mines (ME) and Placer Dome (TSE).The three companies hold adjacent ground in the Sarapiqui be…