Canchrome finances Turgeron program
Montreal-based Canchrome Mines (ME) will use proceeds from a private placement to carry out drilling on the Turgeron gold property in northwestern Quebec. The $150,000 placement consisted of 375,000 f…
News
Highwood to test sodalite deposit
A sodalite deposit in southern Greenland has drawn the interest of Highwood Resources (TSE). The junior has reached an agreement-in-principle with Mineral Development International A/S of Denmark for …
Sutton to calculate costs for Marudi gold project
Having completed its 1994 drilling program on the Marudi concession in southern Guyana, Sutton Resources (VSE) will next determine capital and operating costs for an open-pit mine. Two deposits, Marud…
VenCan grants option to Chesbar
Junior companies VenCan Gold (ME) and Chesbar Resources (ME) have signed an agreement relating to their gold exploration joint venture in Venezuela’s Bolivar state. The agreement, which is still subje…
Freewest options Barry Twp. ground
An option to earn a 60% interest in 18 claims adjoining ground where Murgor Resources (VSE) made a gold discovery has been acquired by Freewest Resources Canada (TSE). Freewest can earn the interest f…
Manhattan Minerals obtains line of credit
A US$7.5-million line of credit has been arranged by Manhattan Minerals (TSE), to be used primarily for developing the Moris heap-leach gold mine in Mexico’s Chihuahua state. Up to US$5 million will b…
Celtic acquires polymetallic project
Junior Celtic Minerals (ASE) will acquire the Wing Pond gold-silver and base metal property east of Gander, Nfld. It may do so by paying the vendor $10,000 in cash and issuing 950,000 Celtic shares. T…
INVESTMENT COMMENTARY — Sulphide potential makes Eden Roc a
Based on gold production from oxide reserves and potential production from new sulphide sources, Canadian investment firm ScotiaMcLeod recommends Eden Roc Minerals (TSE) as a speculative buy. The anal…
Spot prices at a glance (January 09, 1995)
Week’s Price (US) Change Gold* $378.25 – $3.55 Silver* $4.72 – $0.09 Platinum* $410.50 – $5.50 Nickel** $3.99 + $0.10 Lead** $0.29 $0.00 Copper $1.33 – $0.03 Zinc $0.51 $0.00 Courtesy of Scotiabank. I…
PRODUCER PRICES (January 09, 1995)
ALUMINUM: MW U.S. market US90.5 cents-91.5 per lb. (Dec. 23, 1994). ANTIMONY: MW New York dealer US$2.80-2.90 per lb. (Dec. 2, 1994). BISMUTH: MW New York dealer US$3.90-4.10 per lb. (Dec. 23, 1994). …
Calais plans drill program
Junior Calais Resources (VSE) will launch a 4,000-ft. drill program on its 51% owned White Caps gold property near Manhattan, Nev. Several targets were identified from a controlled-source audio magnet…
Minieres du Nord acquires claims near Murgor find
Montreal-listed Explorations Minieres du Nord (MDN) has acquired 29 claims northwest of, and contiguous to, the gold discovery recently announced by Murgor Resources (VSE). The claims lie within Barry…