PEOPLE — MAGMA COPPER (July 10, 1995)
Marc Ingelbinck appointed vice-president of commercial sales.
News
PEOPLE — MINERAL RES.
John Byrne elected executive chairman.
PEOPLE — SANTA CATALINA
Lukas Lundin appointed president.
Cameco finances Kyrgyzstani mine
Toronto-listed Cameco can now proceed with development of the US$360-million Kumtor gold deposit in Kyrgyzstan.Certain lenders will commit US$270 million to the project, and the balance will be provid…
Miranda options Mexican property
Miranda Industries (VSE) can acquire the Colorada gold concession in Mexico’s Sinaloa state.To do so, it must make annual payments of US$58,000 over a 5-year period, followed by a final payment of US$…
NEWS IN BRIEF (July 10, 1995)
Canadian Comstock Explorations (CKX:VSE) has changed its name to American Comstock Explorations (AEK:VSE) on a 1-new-for-4-old-share basis.
Ivory starts work program
Exploration work is under way on property held by Ivory Oils & Minerals (VSE) about 12 km southwest of Diamond Fields’ main discovery in the Voisey Bay region of Labrador.The first phase of work inclu…
Cornucopia Res. to acquire gold producer in Arizona
The planned purchase of Addwest Minerals for US$22.3 million will give Cornucopia Resources (TSE) a 50,000-oz.-per-year gold producer.Addwest, a wholly owned subsidiary of Addington Resources (NASDAQ)…
Exploration planned for Greenland
An option agreement with Platinova A/S (TSE) sets the stage for Cartaway Containers to earn a 50% interest in three mineral concessions on the west coast of Greenland.The claims were staked by Platino…
Eden Roc to double production
For the first six months of 1995, gold production at Eden Roc Mineral’s (TSE) Ivory Coast property is expected to be more than double what it was in the same period last year.Output for the period is …
Paramount expands holdings in northwestern Argentina
The northwestern tip of Argentina continues to attract Vancouver-based Paramount Ventures & Finance (VSE).The junior can expand its land position in the province of Jujuy — currently about 60,000 hec…
Summo Minerals working Colorado copper project
Exploration and definition drilling are under way at the Cashin copper property in Colorado.Initially, Summo Minerals (VSE) plans to drill 25 holes totaling 8,000 ft., the objective of which is to exp…