News

A milestone was reached this week at the Toronto Stock Exchange with the announcement that this year’s dollar-value-traded topped $147 billion. It is the second year in a row that a record was reached…

Alberta-listed Shiningtree Resources has bought 34 claims comprising 1,360 acres in southeastern Manitoba. The claims, situated north of Bernic Lake, are underlain by an east-west-trending structure t…

Partners Gold City Resources (ASE), Providence Industries (VSE) and privately held McKinney Mines have set the terms of their planned merger. Shareholders will receive one share in the new company for…

Recent drilling at the Similco mine property in southwestern British Columbia is expected to lead to an increase in the tonnage and grade of the Ingerbelle East deposit. The property is owned by Princ…

Reconnaissance sampling at Minefinders’ (VSE) La Bolsa property, in Mexico’s Sonora state, has revealed the presence of altered rocks with quartz stockworks and anomalous gold values ranging up to 0.3…

Montreal-based SEG Exploration (ME) has opted to earn a 75% interest in the Teleku-Bokazo gold property in Ghana, West Africa. The 20-sq.-mile concession lies on the Ashanti Trend, which hosts the Ash…

Rouyn-Noranda-based Ecudor Mining (ME) is raising what could amount to $750,000, to be applied to its Adanac property in Quebec’s Rouyn Twp. Between 150 and 750 units will be offered. Each unit, price…

There may be a bright side to the chronic gold sales by the “central bankrupts” and generous offerings by large central banks in the loan-lease market. Some observers feel that this has helped governm…

World production of sulphuric acid will rise to 42 million tonnes by 2005, a 49.5% increase from the 1992 level, according to a prediction by Metals Economics Group of Halifax, N.S. Environmental cons…

Results from a review of the DO-27 bulk sample on the DHK group of claims in the Northwest Territories are expected by mid-November. Kennecott sent shock waves through the Territorial diamond play thi…

Drill results indicate that the Easter property in Nevada hosts an open-pit reserve of 1.5 million tons averaging 0.069 oz. gold per ton. Three holes drilled by owner World Wide Minerals (TSE), in the…

Week’s Price (US) Change Gold* $388.20 – $3.95 Silver* $5.51 – $0.09 Platinum* $416.75 – $0.75 Nickel** $2.98 + $0.08 Lead** $0.29 $0.00 Copper $1.13 – $0.01 Zinc $0.47 $0.00 Courtesy of Scotiabank. I…