Black Hawk cuts more nickel at Redstone
Three holes drilled on Black Hawk Mining’s (TSE) Redstone nickel property south of Timmins, Ont., have intersected additional nickel mineralization. The holes were drilled to test the downdip extensio…
1994
Spot prices at a glance (December 19, 1994)
Week’s Price (US) Change Gold* $378.35 – $1.45 Silver* $4.77 + $0.08 Platinum* $409.65 + $5.75 Nickel** $3.75 – $0.27 Lead** $0.28 $0.00 Copper $1.34 + $0.02 Zinc $0.49 – $0.01 Courtesy of Scotiabank….
Carson options Philippine project
The new year will see Carson Gold (VSE) begin drilling a newly optioned gold property in the Philippines. The Marian property, on Luzon Island, will be subjected to a 7,000-metre program. Carson can a…
NEWS ROUNDUP — Hindustan, BHP discuss venture
A state-controlled mining company in India, Hindustan Zinc, has reached an agreement with Australian-based BHP Minerals concerning a joint venture in Rajasthan. Prospecting licence applications have b…
NEWS ROUNDUP — Orient, Gold Hawk drill at Nelligan
A second hole is being drilled at the Nelligan gold project in the Miquelon area of northwestern Quebec, Orient Resources (ME) reports. Assays from the first hole are awaited. More than 1,000 metres o…
NEWS ROUNDUP — Glen Auden plans further drilling
Further drilling and induced-polarization surveys will test a new zone at the Casa Berardi project of Glen Auden Resources (CDN) in northwestern Quebec. The junior says hole 94-14, some 300 metres nor…
Ramrod drilling Atlanta property
Underground drilling is under way on the Atlanta gold property, 60 miles east of Boise, Idaho. Consolidated Ramrod Gold (TSE) can earn a 51% interest from Atlanta Gold (TSE) by spending US$2.5 million…
Atlas calls off merger talks
A proposed merger between Atlas (NYSE) and three other mining companies has been nixed. Atlas, which had proposed the merger, informed the three that it no longer wants to proceed. The companies inclu…
Arequipa acquires Peruvian company
A joint venture between Arequipa Resources (VSE) and Peruvian-based Acuarios Minera y Exploradora has culminated in a merger. Arequipa increased its interest in the Peruvian company to 100% by issuing…
Inco plans production push
Strong demand for nickel has Inco (TSE) planning to increase output in 1995 by some 85 million lb. to 430 million lb. Problems in Russia, at the huge Norilsk operation and with declining domestic cons…
Program could augment Joe Mann reserves
Positive drill results are reported from the Joe Mann copper-gold mine south of Chibougamau, Que. Owner Campbell Resources (TSE) reports that the work was carried out at the newly discovered West zone…
Echo Bay gives nod to Lamefoot deposit
A new gold deposit is set to come on stream for senior gold producer Echo Bay Mines (TSE). The Lamefoot deposit is the latest in a string of five deposits to be put into production at the Kettle River…