Canadian States finishes drill program
Drilling at the Labrador property of Canadian States Resources (CDN) is finished for the season, with work expected to resume in the spring.Results from three drill holes have been released, showing m…
1995
News Roundup — Cabot Creek lists on CDN
Cabot Creek Mineral Corporation, newly listed on the Canadian Dealing Network, has raised more than $200,000 in its initial public offering.The funds will be used to explore and develop a gold prospec…
News Roundup — High River talks with Russians
A Russian gold mining company and High River Gold (TSE) are putting the final touches on an agreement that will see High River acquire a significant interest in the Russian company.The company being a…
Jonpol buys into Mexican company
Canadian junior Jonpol Explorations (TSE) will gain a 49% interest in Mexican-based Minera Y Metalurgica de Pozuelos.To do so, it will spend US$150,000 on exploration.Together, the companies will atte…
News Roundup — Yamana drills property
Reverse-circulation drilling is under way on Yamana Resources’ (TSE) Microonda property in Argentina’s Santa Cruz province.Seventy-five drill targets have been established in a 4-sq.-km area, and a dr…
Asarco drops Butte Highlands
Unsatisfactory drill results have prompted copper giant Asarco (NYSE) to drop its option on the Butte Highlands gold property in Montana.The major had an option to acquire a 51% interest in the projec…
Royal Oak to explore near Timmins
Under an option agreement with three junior companies, Royal Oak Mines (TSE) will begin drilling a 74-sq.-km land package near Timmins, Ont.Royal Oak will earn a half interest in the properties by spe…
Companies (December 11, 1995)
INDEXAbcourtAdrianAgnico-EagleAmerican BllnAmerican Res.Anglo AmericanArequipaArgentina GldAsarcoAshanti GldfldsAtebaAtnaAvalonBarrick GoldBHP MineralsBreakwaterCabot CreekCaldera…
METAL PRICES — FREE MARKET (December 11, 1995)
London Metal ExchangeSpot closing prices in $US per tonneDateDec. 5 Dec. 4Dec. 1 Nov. 30 Nov. 29Copper2950-2955 2980-29812957-2962 2913-29182987-2992Lead752.5-754.5 752.5-754.5756.5-758.574…
Dismal third quarter for Hecla
Gold and silver producer Hecla Mining (NYSE) received a blow when it was revealed that the lack of grade continuity at its Grouse Creek gold mine in central Idaho would lead to a significantly shorter…
STOCK MARKETS — Stronger resource index bodes well for western markets
Western markets perked up over the report period ended Dec. 5, with the Vancouver Stock Exchange resource index closing up almost 20 points at 1,270.62. The composite index also gained ground, notchin…
TSE Short Positions (December 11, 1995)
Short positions outstanding at November 15, 1995Larger individual positions included: Barrick Gold 2,731,254; Agnico-Eagle 119,293; Bema Gold 1,437,700; BGR Precious Metals 152,350; Caledonia M’g 291,…