El Bravo acquiring Chilean project
Junior El Bravo Gold Mining (VSE) has agreed to acquire the Chanaral copper concession in northern Chile through the reverse-takeover of the Chilean company Southern Cross S.A. The number of shares to…
1995
Spot prices at a glance (January 16, 1995)
Week’s Price (US) Change Gold* $375.00 – $3.25 Silver* $4.68 – $0.04 Platinum* $409.50 – $1.00 Nickel** $4.27 + $0.28 Lead** $0.30 + $0.01 Copper $1.37 + $0.04 Zinc $0.52 + $0.01 Courtesy of Scotiaban…
Lebel-sur-Quevillon area heats up
In an attempt to either shore up ground positions or acquire interests therein, several companies are making deals for properties east of Lebel-sur-Quevillon, Que. Interest in the area in the province…
Mine accidents claim two workers
Accidents at two gold mines, the Giant in the Northwest Territories and the Casa Berardi in Quebec, claimed the lives of two miners early in the new year. At the Giant mine of Royal Oak Mines (TSE) in…
Encouraging values at La Victoria
Drilling on the Victoria zone of the Venezuelan property known as Lo Increible is returning values for El Callao Mining (VSE). Highlights include a 51.5-ft. interval grading 0.13 oz. gold per ton in o…
Sharpe, Freewest continue drilling Wisconsin base metal play
Drilling continues to yield encouraging results for partners Sharpe Energy & Resources (VSE) and Freewest Resources Canada (TSE) on their Wisconsin Massive Sulphide program. The latest results come fr…
Channel testing gold targets in West Africa
Reverse-circulation drilling by Channel Resources (VSE) continues to test targets on the company’s land holdings in Burkina Faso, West Africa. The 106 holes drilled to date intersected significant gol…
Cdn. Mining options Lynx Lake
An option agreement enables Canadian Mining Resources (ASE) to gain a stake in the Lynx Lake gold property held by Leeward Capital (VSE). Canadian can earn a 40% working interest by issuing 50,000 sha…
Aronos options old Mexican mine
A deal has been signed enabling Aronos Multinational (CDN) to acquire three claims in Mexico’s Sonora state. The vendor will retain a 2% net smelter return royalty. The 448-hectare property, known as …
Atna vends Yukon ground to Westmin
Under a joint-venture agreement, Westmin Resources (TSE) can earn a 60% interest in the Foot, Pak and Toe properties in the Yukon. It can do so by spending $3 million and making certain cash payments …
Minefinders reports values from Sonoran gold property
A 160-lb. bulk sample collected from a structure on Minefinders’ (VSE) Lista Negra property in Mexico’s Sonora state has yielded significant silver values. The average grade of the sample was 8.6 oz. …
Int’l Larder drilling near Timmins
Not all junior companies have headed off to exotic foreign destinations to find their next gold discoveries. International Larder Minerals (CDN) is of the view that Canada’s historic gold mining camps…