Alamos Minerals to gain Fortuna
Alamos Minerals (AAS-V) can acquire the Fortuna property in Mexico’s Durango state from owner San Fernando Mining (SNF-T) for a cash payment of US$50,000 and 2.3 million common shares.La Fortuna, whic…
1996
Lithos poised to lead in the production of lithium
Lithium is key to the future of Quebec-based Lithos (LTS-M), as surely as electric cars will eventually replace the ones now powered by gasoline.Lithos controls all known lithium deposits in Eastern C…
Sun shines brightly over Pirquitas silver play
In northwestern Argentina, Sunshine Mining & Refining (SSC-N) will double its efforts at the Pirquitas silver deposit for the second half of the year.The company spent US$1.3 million on drilling, assa…
METAL PRICES — FREE MARKET (July 22, 1996)
London Metal ExchangeMidday bid-ask prices in $US per tonneDateJuly 16July 15July 12July 11July 10…
Fairfield to option out interest in Siwash property
The new management of Fairfield Minerals (FFD-T) has wasted little time finding a partner to develop the Siwash gold property near Merritt, in southern British Columbia.Aurizon Mines (ARZ-T) will earn…
DIAMOND PAGE — SouthernEra processes bulk sample
Toronto-based SouthernEra Resources (SUF-T) has started processing bulk samples at its plant on the Klipspringer diamond property in South Africa.The company has tested about 750 tonnes of overburden …
EDITORIAL PAGE — Business as usual
The British Columbia Treaty Commission has criticized the provincial government for not upholding a commitment to “protect” land from resource development while native claims are being negotiated. Thi…
Copper crash delays Gibraltar’s Lomas Bayas
Gibraltar Mines (GBM-T) is the first casualty to surface in the wake of the Sumitomo trading scandal.With the recent collapse in copper prices, Gibraltar is delaying the development of the Lomas Bayas…
Breakwater completes Nanisivik purchase
Breakwater Resources (BWR-T) has completed the purchase of Nanisivik Mines from Alberta Energy. Nanisivik’s most significant asset is its namesake zinc mine, which produced 108 million lb. in 1995. Th…
Cominco drills Accha zinc-lead property in southern Peru
Cominco (CLT-T) has completed a preliminary 4-hole drill program on the joint-ventured Accha property of Southwestern Gold (SWG-T) in southern Peru.Cominco tested the extent of high-grade zinc-lead mi…
Southern Peru cuts ribbon on new plant
Southern Peru Copper (PCU-N) has opened a solvent extraction-electrowinning plant near the town of Toquepala in southern Peru.The plant, which was constructed at a cost of US$103 million, represents t…
Abacus Minerals cuts massive sulphides at Alaska’s Lookout Mountain zone
To date, Abacus Minerals (AMC-V) has drilled 23 holes at the Niblack project in southeastern Alaska, and reported preliminary results from six of them.At the Lookout Mountain zone, drilling has identi…