Caledonia in Scotland
An agreement has been signed enabling Caledonia Mining (TSE) to acquire Scottish-based gold explorer Fynegold Exploration for US$4.25 million plus 500,000 Caledonia shares. Fynegold holds licences and…
1995
NEWS IN BRIEF (January 23, 1995)
Noramco Mining (NNN:VSE) has changed its name to Quest Capital on a share-for-share basis.
PRODUCER PRICES (January 23, 1995)
ALUMINUM: MW U.S. market US93.5 cents-94.5 per lb. (Dec. 30, 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). …
Goldcorp buys an interest in Britannia
In addition to buying an interest in Britannia Gold (TSE), Toronto-listed Goldcorp will acquire the right to joint-venture ground held by Britannia’s subsidiary. Goldcorp will buy 812,500 Britannia un…
Princeton drilling Elenita copper project in Chile
At the Mina Elenita copper property in northern Chile, a reverse-circulation drill program is in full swing. The property, situated near Antofagasta, hosts a manto-type oxide copper deposit with an es…
Taurus and Cyprus form joint venture
A joint venture has been formed between International Taurus Resources (VSE) and Cyprus Canada, a unit of Cyprus Amax Minerals (NYSE). The announcement follows a $1.5-million exploration program by Ta…
Weak Australian dollar affects MIM’s performance
Despite the recent weakness of the Canadian dollar, most of this country’s mining companies continue to turn over a profit. This is because the products exported are sold in American dollars. Yet in A…
Bearish outlook for gold
The outlook for gold is bearish, according to The Bank Credit Analyst Research Group of Montreal, which expects gold prices to drift lower in 1995. “Prices seem more likely to erode than fall sharply,…
X-Cal encouraged
Recent work by X-Cal Resources (TSE) has defined three new areas for drilling on the Sleeper Extension gold project in Humbolt Cty., Nev. The junior reported a new discovery under 14 ft. of overburden…
Tri Origin wraps metallurgical tests
Mixed results are reported from preliminary metallurgical tests conducted on samples from the Lewis Ponds polymetallic project in Australia. Property owner Tri Origin Exploration (TSE) obtained the co…
Granges, Hycroft plan merger
A merger proposal has been presented to Hycroft Resources & Development (TSE) by its 50.5% parent, Granges (TSE). The amalgamation would require the calling of special meetings of the shareholders of …
Uranium Institute to mark 20th year
The 1995 Symposium of The Uranium Institute will mark that organization’s 20th anniversary. The event is scheduled for Sept. 6-8 in London, England. Key issues to be addressed include decommissioning …