RTZ and CRA plan merger
British mining conglomerate RTZ and its 49%-owned Australian affiliate CRA will reorganize to produce a single corporate structure in which the two companies retain their individual stock market listi…
1995
Companies snap up ground in Ontario’s Horwood Twp.
A land package of 109 claim units (about 17 sq. km) will be explored by Morgain Minerals (VSE) under separate agreements signed with two prospecting syndicates. The claims cover a recently discovered …
Cameco banking on stable uranium market
Gold revenue and management fees underpinned a rise in earnings for Cameco (TSE), but future earnings are expected to be sensitive to the spot price for uranium oxide.Cameco reported net earnings of $…
Nixon Forks pours its first gold in Alaska
Following summer construction at the Nixon Forks gold mine in Alaska, the mill circuit is up and running, flotation concentrates are being generated and the gravity circuit is producing its first gold…
Band-Ore, First Western cut sulphides in Ungava
Drilling of geophysical anomalies discovered in airborne surveys at the OBC property of Band-Ore Resources (CDN) and First Western Minerals (VSE) has intersected disseminated to semi-massive sulphide …
Canmine locates new zone
A new zone of copper-cobalt mineralization has been discovered by Canmine Resources (ASE) on a northwestern Ontario property it holds under option from Falconbridge (TSE).The property, at Werner Lake,…
La Teko firms up Alaskan projects
The recent field season was a busy one for La Teko Resources (NASDAQ). With three exploration properties near Fairbanks, Alaska, the company had its hands full.At the True North gold property, drillin…
Prime, Homestake home in on Red Mountain
Encouraged by preliminary trenching results from the Red Mountain area discovery near Stewart, B.C., Homestake Mining (NYSE) and Prime Resources Group (TSE) have moved to acquire an equity interest in…
LABRADOR NEWS ROUNDUP — Diamond Fields ends talks
Diamond Fields Resources (TSE) reports that it is no longer in active discussions with Canadian States Resources (CDN) regarding a possible joint venture on Canadian States’ claims in Labrador.Canadia…
Detector busy near Kirkland Lake
Detector Resources (ASE) has acquired the Abitibi Phoenix property, 30 km north of Kirkland Lake, Ont.Spanning 21 sq. km, the property was last drilled in 1985, with encouraging results. These include…
INVESTMENT COMMENTARY — Kemess acquisition viewed as attractive for Royal Oak
Two investment houses have rated Royal Oak Mines (TSE) as a “buy,” based on the company’s recent acquisitions and the settlement the company has reached with the government of British Columbia for com…
STOCK MARKET — Western markets also recover from referendum jitters
The narrow win by the “non” side in the Quebec referendum managed to reverse a slide in western markets, but the recovery was unsuccessful in making up all the lost ground over the report period ended…