News

After deciding earlier this year to shelve the Izok Lake base metal project in the Northwest Territories, Metall Mining (TSE) has given the go-ahead for development of a gold project in northwestern Q…

Toronto-based Minefinders (VSE) will not proceed with the previously announced “best efforts” private placement through Canaccord of 500,000 units at $4.20 per unit. The junior says it is well funded …

Shares of Canmine Resources have begun trading on the Alberta Stock Exchange, having been previously listed on the Canadian Dealing Network. Later this month, Canmine hopes to drill a new target on it…

The Africa Emerging Markets Fund is expected to be fully invested by the end of 1994. The fund, which will invest primarily in equity and equity-related securities, was created during the second half …

CDN-listed Gregor Goldfields is stripping and drilling, on 245-ft. centres, a gold-mineralized structure in the Hemlo area of northern Ontario. The company has confirmed a “tectonic deformation zone” …

Montreal-based Cambior (TSE) can earn a half interest in Golden Star Resources’ (TSE) Gross Rosebel gold property in Suriname. The property, 80 km south of Paramaribo on the coast, comprises 170 sq. k…

Five European shareholders of Imperial Metals (TSE) have filed notices of their intention to sell up to a total of 20 million shares of the company. The holding represents 38% of Imperial’s 52 million…

To finance further exploration in the Philippines, TVI Copper (ASE) hopes to raise $6.4 million from two separate private placements. In the first financing, 4.5 million shares will be issued at $1.10…

TSE-listed San Andreas Resources and some of its shareholders have filed a lawsuit against Consolidated Ramrod Gold (TSE). The litigation concerns an agreement in March whereby Ramrod was to acquire a…

Western companies have recently expressed interest in Russia’s mineral resources and mining industry — interest which is justified in view of the tremendous resource capabilities of that country. Jus…

A new gold-bearing structure has been drilled by Hemlo Gold Mines (TSE) on the Lepine property in northwestern Quebec. The property is under option from Radisson Mining (ME). Gold is hosted within a m…

Highland Valley Copper posted sales of $274.3 million for 1993, down from $373.9 million reported for 1992. The decrease is mainly due to lower copper prices. The open pit, near Logan Lake, B.C., prod…