NEWS ROUNDUP — Pegasus plans Diamond Hill work
Spokane, Wash.-based Pegasus Gold (TSE) plans to carry out underground exploration at the Diamond Hill property, 28 miles southeast of Helena, Mont. Diamond Hill hosts a steeply dipping skarn deposit …
News
Tribute to an exploration geologist
Fifty years ago, in April, 1944, I and two other third-year mining engineering students, C.E. (Red) Anderson and A.E. (Moose) Manifold, flew from Edmonton, Alta., to Yellowknife, N.W.T., for summer ge…
Spot prices at a glance (June 06, 1994)
Week’s Price (US) Change Gold* $387.25 + $0.85 Silver* $ 5.54 – $0.03 Platinum* $402.25 – $2.25 Nickel** $ 2.84 – $0.12 Lead** $ 0.23 + $0.01 Copper $ 1.02 – $0.02 Zinc $ 0.43 $0.00 Courtesy of Scotia…
PEOPLE — LAC MINERALS (June 06, 1994)
John Pearson appointed director of investor relations.
Chilean convention draws international attention
For exhibitors at any trade show, the true measure of success is the number of contacts and sales leads generated. Judged by that criterion alone, the recent Expomin Mining Convention in Chile’s capit…
Toronto Stock Exchange Indices (June 06, 1994)
— 1994 — May 31 May 30 May 27 May 26 May 25 High Low Composite”300″ 4326.77 4320.67 4328.88 4330.71 4291.37 4609.93 3518.31 Metals&Minerals 3736.83 3743.72 3783.65 3812.63 3759.34 3879.59 3273.56 In…
Hecla set to drill Grouse Creek
New York-listed Hecla Mining is planning a 40,000-ft. drill program on the Grouse Creek gold mine project in Idaho. The $1-million program will be aimed at finding additional high-grade, underground r…
NEWS IN BRIEF (June 06, 1994)
Stealth Ventures (SVA:VSE) has changed its name to Annova International Holdings on a share-for-share basis.
LAST BUT NOT LEAST — Pangea reports Fenn-Gib results
Encouraging results are reported from winter drilling on the Fenn-Gib property, 20 km east of Matheson, Ont. In a 19,800-metre program, Pangea Goldfields (CDN) defined five zones of high-grade mineral…
COMMENTARY — Reforms through privatization
Many countries are seeking private investors as a source of investment capital, managerial know-how and technical expertise in providing infrastructure services. Asia and Latin America, in particular,…
Asbestos shareholders fight for settlement
A group of minority shareholders of Asbestos Corp. (TSE) has lost the first round in its legal battle against the province of Quebec, but it isn’t giving up the fight. The crux of the dispute, now bei…
TSE, ME reducing transaction fee
The Toronto Stock Exchange (TSE) and the Montreal Exchange (ME) are reducing the maximum fee charged to members for trading securities. The fee will be reduced to $100 from $1,000 per transaction, eff…