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…
News
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…
OBITUARY — Holmes was active abroad
A former professor and consulting geologist who was active in Canada, the U.S. and Europe, Stanley Holmes died recently in Toronto. He was 68. A native of Montreal, he had degrees from McGill and Corn…
FreeportMcMoRan expands reserve in Irian Jaya province
New York-listed Freeport-McMoRan Copper & Gold (NYSE) is expanding the overall copper-gold resource on its holdings in Irian Jaya province, Indonesia. The province constitutes the western part of the …
METALS COMMENTARY — Supply side volatility
While fundamentals are still weak in several metal markets, supply side problems are causing prices to become increasingly volatile. Unexplained slowdowns in Chinese government-controlled exports are …
Red Chris deal complete, drilling planned
A deal has been approved whereby American Bullion Minerals (VSE) will acquire an 80% interest in the Red Chris copper-gold property in northwestern British Columbia. The junior will pay Falconbridge a…
`Temporary setback’: Dickinson Pegasus passes on El Condor
Following a 4-month due diligence review, Pegasus Gold (TSE) has decided not to acquire El Condor Resources (VSE). Pegasus had offered to buy all the outstanding shares of El Condor for $7.50, payable…
Levelland adds to its Mexican portfolio
By acquiring a 75% interest in the Oteros project in western Chihuahua state, Levelland Energy & Resources (VSE) has involved itself in a fourth property in Mexico. The cost of the 75% interest is $8,…
Cameco signs Kyrgyzstan deal
In a bid to diversify, Saskatchewan uranium producer Cameco (TSE) has signed a deal with the Kyrgyzstanian government to develop the Kumtor gold deposit in the eastern mountains of the former Soviet r…
Detector options play near Musselwhite
Alberta-listed Detector Resources has inked a deal to earn a half interest in Wiscan Resources’ (TSE) Randall Lake gold property in northwestern Ontario. The 102-claim property is in the Opapimiskan L…
Metallica buys Venezuelan concessions
CDN-listed Metallica Resources has bought the Cuyuni I through VI concessions in Venezuela’s Bolivar state. The concessions, comprising 3,000 hectares, are in the historic alluvial mining camp known a…
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 …