Private placement to fund Bumbat
Proceeds from a private placement will enable Mongolia Gold Resources (VSE) to carry out exploration and development work on its 49%-owned Bumbat gold project in Mongolia.The financing will consist of…
News
Infill drilling planned on BIF Island at northern Damoti Lake project
With spring breakup fast approaching at Damoti Lake in the Northwest Territories, a second drill rig is being engaged, in order to carry out infill drilling of the original discovery on BIF Island.The…
Goldcorp buys shares of Wheaton
Toronto-listed Goldcorp (TSE) has bought 2.3 million common shares and 823,540 warrants of Wheaton River Minerals (TSE).One warrant and $1.30 can be exchanged for one Wheaton share on or before Nov. 1…
Pentland intersects gold near Bell Creek property
Vancouver-based Pentland Firth Ventures (ASE) has intersected gold mineralization on its Allerston property in Timmins, Ont. The project is adjacent to, and west of, the Bell Creek mine.Two of three P…
Asarco increases stake in Southern Peru Copper
In an effort to acquire more low-cost copper production and expand its ore reserves, Asarco (NYSE) has bought an additional 10.7% interest in Southern Peru Copper from Newmont Gold (NYSE).The purchase…
Index (April 24, 1995)
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Barrick targets potential of South American projects
First-quarter results reveal that senior gold producer Barrick Gold (TSE) enjoyed greater earnings, revenue and cash flow, compared with the same period in 1994.Net income rose 18% to US$71.1 million …
GMD options JBG claim group
Vancouver-listed GMD Resources can earn a 60% interest in Fortune Minerals'(CDN) JBG claim group 150 km northeast of Yellowknife, N.W.T.The claims are 3 km east of Fortune’s NICO property where high-g…
Canmine program intersects copper at Ontario prospect
Drilling on the Werner Lake base metal property, northwest of Kenora, Ont., has encountered encouraging copper mineralization.Canmine Resources (ASE) is carrying out the multi-hole program in order to…
Nugget completing joint-venture deal
By spending more than $500,000 on exploration work at Hawkins Hill at the Hill End gold property in New South Wales, Australia, Nugget Resources (ASE) has earned a 45% interest in the project.A drilli…
Teck buying stake in Diamond Fields
After weeks of speculation, a senior mining company has finally emerged and made a bid to acquire a piece of Canada’s hottest new base metal discovery.Mining conglomerate Teck (TSE) will purchase 3 mi…
Metal Prices — FREE MARKET (April 24, 1995)
London Metal ExchangeSpot closing prices in $US per tonneDateApril 18April 17April 14April 13April 12Copper2927-2929N/AN/A2932-29332942-2943Lead604-605N/AN/A597-598602.5-603.5Zinc1055-…