NEWS ROUNDUP — Bethlehem merging with Imperial
Two TSE-listed exploration companies, Bethlehem Resources and Imperial Metals, will merge. Bethlehem shareholders will receive one share of Imperial for every three shares tendered, or 50 cents in cas…
News
OBITUARY — Younie a career diamond driller
The former owner of Hydracore Drills of Richmond, B.C., Truman Younie, died recently of a heart attack. He was 67. Younie spent his entire career in the diamond drilling industry, having started in 19…
Hycroft Resources updates reserves at Crofoot-Lewis
Production at the Crofoot-Lewis open pit gold mine in Nevada increased 10% between 1993 and 1994. Owner Hycroft Resources & Development attributes the rise (94,868 oz. compared with 86,516 oz.) to tri…
STOCK MARKETS — Looming federal budget overhangs jittery
Fears over what the upcoming federal budget holds in store kept investors on the sidelines and led the Toronto Stock Exchange to post a modest loss for the 5-day report period ended Feb. 21. The compo…
Copper output forecast to rise in the Philippines
The Philippine Chamber of Mines expects the country’s copper concentrate production to rise this year on the back of higher international copper prices and lower government taxes imposed on corporate …
Diamond Fields reports new Voisey Bay results
Results are now in from the last three holes drilled at Diamond Field Resources’ (TSE) Voisey Bay nickel-copper project on the northeastern coast of Labrador. Early drilling (holes 94-1 to 94-4) focus…
COMMENTARY — Rising nuclear generating capacity
The American consulting and information services company NUKEM predicts, in its recent monthly publication, that world nuclear generating capacity will grow during the remainder of this decade but tha…
Cathedral ups stake in Sterling
TSE-listed Cathedral Gold will increase its ownership in the Sterling gold mine to 90% from 52%. The company negotiated the purchase of Saga Exploration’s 38% interest for a total cash consideration e…
NEWS IN BRIEF (February 27, 1995)
Westwin Ventures (WVR:VSE) has changed its name to New Westwin Ventures (NWW:VSE) on a 1-new-for-3-old-share basis.
Freewest to drill Bathurst properties
Junior Freewest Resources (TSE) will drill two properties in the Bathurst camp of northern New Brunswick. High-grade massive sulphide boulders were discovered on the Willett property in 1975. Freewest…
NEWS ROUNDUP — New Finnish gold project
The Swedish-Finnish company Terra Mining Oy will open a gold mine in Pahtavaara in Finnish Lapland, where production will begin in about one year. The mine will employ 50 people and require an investm…
NEWS ROUNDUP — Japan, Oman strike deal
The countries of Japan and Oman have signed an agreement to search for iron, copper, gold and silver in the oil-producing Gulf sultanate. Prospecting would cover an area of almost 4,000 sq. km north o…