News

Results from the first seven holes of winter drilling at the Damoti Lake joint venture in the Northwest Territories fell short of expectations for the three owners. Partners Athabaska Gold Resources (…

Milner Consolidated Silver Mines (ASE) has entered an option agreement to sell its 25.5% interest in Minerales de Copan S.A. de C.V. to Fischer-Watt Gold (NASDAQ). The price is $1.4 million, to be pai…

Among the many heroes of Ontario’s Red Lake mining camp is Horace Greely Young, Sr. Honored for his work in that community in the province’s northwest, Young was born in Osnaburgh, Ont., in 1881 and g…

London Metal Exchange Spot closing prices in $US per tonne Date Jan. 11 Jan. 10 Jan. 7 Jan. 6 Jan. 5 Copper 1751-1752 1740-1741 1731-1732 1735-1736 1749-1750 Lead N/A 473-474 460-461 458-459 463-464 Z…

David Duval appointed vice-president, corporate development.

Amax Gold – Wt buys sh @ $21.00(US) to Jan 8/96. Ashton Mining of Canada – Wt buys sh @ $3.50 to Oct 27/95. Cambior – Wt buys sh @ $15.50 to Jun 30/95. Cameco – Wt buys sh @ $14.75 to Oct 1/94. Cominc…

Earl Dobson appointed director.

Gold Funds as of Jan. 12 BGR Central Net Value $16.68 $6.44 Price $16.00 $7.375 Premium 14.5% Discount 4.10% Value $93,461,000 $133,482,338…

Dennis Cole appointed director, Land.

J. Von Loebenstein named vice-president and general manager of Cyprus El Abra; Don Murray named vice-president, finance and administration.

The Geological Survey of Namibia (GSN) recently began a program of geophysical activity to enhance the existing geophysical database with the aim of promoting and stimulating mineral exploration in th…

Everett Abbey appointed director.