New mining plans for Keely Frontier
Plans to rework the old Keely Frontier mine in northeastern Ontario for its cobalt are in the works. Transway Capital (CDN) has entered into an agreement with Sassoon Metals of Switzerland to raise $5…
News
Noranda funds work in Panama
Reconnaissance silt sampling is set to resume on the Rio Veraguas and Guayabal concessions of Western Keltic Mines (VSE) in Panama. Noranda (TSE) will provide $75,000 towards a $105,000 program aimed …
NEWS ROUNDUP — KRL explores ground in Ontario
Junior KRL Resources (VSE) has begun exploring two Ontario projects. In the Shining Tree area, the junior is drilling three or four large-diameter boreholes under the main showing of the Cooke gold zo…
Expatriate exploring Canalask property
Beginning in March, a 3,000-metre drill program will further test nickel-copper-cobalt mineralization at the Canalask property in southwestern Yukon. Junior Expatriate Resources (VSE) recently tested …
Sharpe, Freewest cut sulphides
Partners Sharpe Energy & Resources (VSE) and Freewest Resources Canada (TSE) are encouraged by results of the second hole drilled on their Bend massive sulphide deposit in Wisconsin. Hole B94-18, whic…
Black Hawk to acquire copper-gold deposit
Toronto-based Black Hawk Mining (TSE) will acquire Boliden Resources’ interest in the Bald Mountain copper-gold property in Maine. The purchase price is US$2 million and a 2% net smelter return (NSR) …
Ego commissioning cobalt facility
Loan advances totalling $6 million will contribute to startup of a cobalt recovery plant in Cobalt, Ont. Commissioning is to begin this month on Ego Resources’ (TSE) new facility, which is designed to…
Appeal planned — Warren convicted in Giant mine deaths
The defence team of Roger Warren intends to appeal Warren’s conviction on nine counts of second-degree murder in the bombing deaths of nine miners at the Giant gold mine in Yellowknife, N.W.T. “It sta…
GOLD FUNDS (January 30, 1995)
BGR Central Net Value $16.87 $6.74 Price $13.38 $6.875 Discount 20.71% Premium 2% Value $132,625,000 $124,432,688…
Labrador find fails to rouse western markets
The Vancouver Stock Exchange indexes continued on a downward trend over the report period ended Jan. 24, with the exception of the resource index which gained 1.28 points to finish at 1,189.48. As for…
B.C. gov’t slams door on Kemano
Resource projects have long been the engine of British Columbia’s economy, but that may change if high-profile investments in this sector continue to be quashed by the province’s political leaders. Re…
Musto work progressing at Bajo de la Alumbrera
Development of the Bajo de la Alumbrera copper-gold deposit in northwestern Argentina continues to proceed on schedule. The project is a 50-50 joint venture between International Musto Explorations (T…