News

Drilling on the Rainbow claim near Kamloops, B.C., has returned a promising intersection for partners Getchell Resources (VSE) and Teck (TSE). The latter can earn a 70% interest in the property by spe…

In a move that could limit the options open to Lac Minerals (TSE), Royal Oak Resources (TSE) has asked the Ontario Securities Commission (OSC) to prohibit Lac from adopting its shareholder rights prot…

Shareholders of Pentland Firth Ventures (ASE) have approved the acquisition of 13 non-producing mineral properties from Kinross Gold (TSE). Under the deal, Pentland also has the right to participate i…

A letter of agreement with North Pacific Mining, an Alaskan native corporation, gives USMX (NASDAQ) the right to further explore and develop the Illinois Creek gold-silver property in the interior of …

An agreement between TVX Gold (TSE) and Teck (TSE), whereby Teck will sell its 40% interest in a group of claims known as the Domex Block for US$4.62 million to the Casa Berardi joint venture, has bee…

The 20th annual convention of the Quebec Prospectors Association (QPA) is scheduled for Sept. 14-16 in Val d’Or. The theme will be “Un Quebec ouvert a l’exploration.” The convention will be organized …

A summer work program is in progress at the Cross property, about 120 km north-northwest of Yellowknife, N.W.T. Ashton Mining of Canada (TSE) has advised partners Pure Gold Resources (TSE) and Tenajon…

Semi-monthly reports as of July 31, 1994 showed 279,336,594 shares of 859 issues compared with 254,514,545 shares of 892 issues on July 15, 1994. Larger individual positions included: Aber 144,200, up…

Week’s Price (US) Change Gold* $377.80 – $0.50 Silver* $ 5.13 – $0.03 Platinum* $412.35 – $0.15 Nickel** $ 2.54 – $0.05 Lead** $ 0.25 $0.00 Copper $ 1.08 $0.00 Zinc $ 0.43 + $0.01 Courtesy of Scotiaba…

Although the key Bank of Canada rate rose and the Canadian dollar dropped, the Toronto Stock Exchange managed to post a meagre gain for the 5-day report period ended Aug. 16. The composite 300 index e…

Losses on western markets continue to snowball in the wake of the recent selloff in diamond issues. Gold’s sleepy performance at the US$377-per-oz. level lent little support to the market, although, t…

Coal is the non-glamorous chemical cousin of the diamond, and it has always had an image problem. Now, at last, the public perception seems to be catching up with reality. Our coal industry is earning…