Northgate encouraged by Chilean play
Preliminary sampling results from the Choquelimpie exploration project in Northern Chile indicate grades of 6.98 grams gold and 50.54 grams silver per tonne, plus 0.9% copper.Northgate Exploration (TS…
News
Great Lakes raises funds to build mine in Mexico
Toronto-listed Great Lakes Minerals has raised the necessary funds to construct its Lluvia de Oro gold mine in Mexico’s Sonora state, with startup scheduled for the first quarter of 1996.The company c…
Spot prices at a glance (July 17, 1995)
Wednesday, July 12Week’sPrice (US)ChangeGold*$385.85+$1.25Silver*$5.16+$0.09Platinum*$434.00$0.00Nickel**$3.95+$0.04Lead**$0.28$0.00Copper $1.45+$0.05Zinca$0.47+$0.01Co…
Teck to buy stake in Lysander
Although still subject to due diligence and regulatory approval, Teck (TSE) has agreed to provide $8.8 million in equity financing for the exploration and development of Lysander Gold’s (VSE) Passagem…
Noranda seizes Yamana opportunity
Noranda Mining & Exploration, a unit of Noranda (TSE), has exercised its first right of opportunity concerning Yamana Resources’ (TSE) Santa Cruz project in southern Argentina.By exercising this right…
LABRADOR NEWS ROUNDUP — Sulphides found at VBE-1 claims
Field crews on the VBE-1 claim group in the Voisey Bay region of Labrador have turned up disseminated and bleb-type pyrite, pyrrhotite and chalcopyrite mineralization in anorthosite bedrock.Columbia Y…
LABRADOR NEWS ROUNDUP — Noront picks up Voisey Bay ground
Two Vancouver-listed juniors, Noront Resources and Golden Trump Resources, have signed a joint-venture agreement covering six claim blocks north of the Voisey Bay area of Labrador.Golden Trump can ear…
Falco opts to sell Lakefield
By the end of August, Falconbridge expects to close the sale of its Lakefield Research division though a management buyout.Falconbridge President Frank Pickard says the company decided to sell the div…
Grassroots grants allocated in B.C.
Grants have been allocated to 68 prospectors under the British Columbia government’s Prospectors’ Assistance program.The grants are part of the Explore B.C. program, announced in this year’s provincia…
Echo Bay sells stake in Muscocho
Denver-based Echo Bay Mines (TSE) has sold its entire equity interest in Muscocho Explorations (TSE).The senior sold 11.5 million shares privately at 25 cents each for proceeds of $2.9 million. The sh…
METALS COMMENTARY — Metals markets relax in summer
The annual summer doldrums are having a mixed effect on metals markets, with producers waiting out the holiday shutdown period and metal prices varying from strong to weak.Some speculators, who desert…
Gateway opens to Russian prospects
In March, 1996, about 20,000 visitors from the Commonwealth of Independent States, together with representatives of major mining companies from around the world, are expected to converge in Russia’s c…