NEWS ROUNDUP — Treminco selling Sandon assets
A recent agreement sets the stage for Treminco Resources (TSE) to sell its Silvana silver-lead-zinc mine and mill in Sandon, B.C. The property consists of 100 crown grants, mineral claims, and a 125-t…
News
Southern Peru seeks listing
Peruvian copper producer Southern Peru Copper is going public. The company has filed a registration statement with the Securities and Exchange Commission in Washington, D.C., related to the proposed s…
Granges, Cameco exploration initiative
Toronto-listed Granges can acquire a half interest in a 432-claim gold property within the Goldfields mining district of southwestern Nevada. According to a letter of intent signed with a U.S. subsidi…
PEOPLE — INCO
Glen Barton elected director.
INSIDER TRADING — Inco officers exercise options and sell
Five officers of Inco (TSE) exercised options and sold shares in September. According to the Ontario Securities Commission’s OSC Bulletin, senior officer Lorne Ames exercised 920 options at US$23.19 a…
New Canamin advances Huckleberry
A positive feasibility study on the Huckleberry porphyry copper deposit in west-central British Columbia marks the culmination of more than two years of work and $6.6 million in expenditures for owner…
Producer Prices (November 14, 1994)
ALUMINUM: MW U.S. market US85.5 cents-87.5 per lb. (Oct. 27, 1994). ANTIMONY: MW New York dealer US$2.80-2.90 per lb. (Sept. 29, 1994). BISMUTH: MW New York dealer US$3.90-4.20 per lb. (Oct. 27, 1994)…
Bolivar drills Tomi in Venezuela
Junior Bolivar Goldfields (VSE) has completed a second phase of reverse-circulation drilling on the Tomi concession in Venezuela’s Bolivar state. The 3,800-metre program identified two new mineralized…
Gibraltar to buy Chilean project
Toronto-listed Gibraltar Mines has opted to buy the Lomas Bayas copper property in Chile for US$14 million. The company will assume a royalty on copper production of US2 cents per lb., capped at US$3….
Rowland leaving Lonrho
One of London’s more controversial and colorful tycoons, Roland (Tiny) Rowland, will resign from the trading company Lonrho PLC, which he has run for three decades, Associated Press reports from the B…
Dynacor drilling Siscoe mine
An underground drilling program by Mines Dynacor (ME) will be aimed at uncovering new gold mineralization deep at the Siscoe mine property near Val d’Or, Que. The junior, which is planning a $300,000 …
Base metal discovery in Labrador
Vancouver-listed Diamond Fields Resources has discovered base metals mineralization containing nickel, copper and cobalt in southern Labrador. The nearest town is Happy Valley-Goose Bay. The mineraliz…