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…
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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.
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…
ITEC to expand plant facilities
A subsidiary of St. Genevieve Resources (TSE), ITEC-Mineral, has determined that it can recover economic quantities of precious metals from tailings at its Norbec-Manitou mill in Val d’Or, Que. The su…
Falco results signal turnaround
Higher nickel prices and increased output enabled Falconbridge (TSE) to post solid results for both the fourth quarter and the past year. For the quarter, the company earned $81.4 million (or 46 cents…
Lower earnings for FMC Gold
New York-listed FMC Gold reported net income of US$600,000 for the recent fourth quarter, down $2.5 million from the same period last year. The closure of the Paradise Peak mill in Nevada and the Roya…
Pan American adds to silver holdings
Toronto-listed Pan American Minerals is expanding its silver interests by purchasing a minority interest in Compania Minera Las Torras from a subsidiary of Homestake Mining (NYSE). The Mexican company…
Aur to drill Lithos prospects
Limited drilling is planned for a pair of Lithos (ME) properties in the Joutel base metal camp of northwestern Quebec. Aur Resources (TSE) has budgeted $150,000 for two holes on the Charbon property a…
War Eagle drills La Fortuna
Reverse-circulation drilling on the Mexican silver-gold project La Fortuna has identified two mineralized zones, the Central and the Northwest. War Eagle Mining (VSE) drilled 29 holes totalling 8,750 …
Eastmain plans drill programs
An agreement with its project partner gives Eastmain Resources (CDN) a 100% interest in two exploration permits and 149 claims within the Eastmain River Greenstone Belt in northwestern Quebec. The jun…
STOCK MARKETS — Gold’s stability fails to revive ailing VSE
Western markets remain on the critical list, with the Vancouver Stock Exchange’s composite index limping along at the 700 level, down more than 12 points during the report period ended Feb. 21. Gold’s…
PRODUCER PRICES (February 27, 1995)
ALUMINUM: MW U.S. market US94.5-96.5 cents per lb. (Feb. 3, 1995). ANTIMONY: MW New York dealer US$2.40-2.50 per lb. (Jan. 27, 1995). BISMUTH: MW New York dealer US$3.80-4.00 per lb. (Jan. 20, 1995). …