NO HEADLINE (June 13, 1994)
A fine of $470,00 has been levied against Noranda Minerals for safety violations in the death of an Ontario miner. Noranda was convicted April 18 of three counts under the Occupational Health and Safe…
News
Breakwater expands zones in N.W. Que.
Surface drilling has expanded several gold zones on Breakwater Resources’ (TSE) East Amphi property near Malartic, Que. Previous surface and underground exploration had established a mineral inventory…
LAST BUT NOT LEAST — Nucore, New Aegis plan merger
In July, shareholders of Nucore Resources and New Aegis Resources will be asked to approve an amalgamation of the two Vancouver-listed companies. New Aegis shareholders would receive one share of the …
NEWS ROUNDUP — Columbia examines Chinese projects
China’s mineral potential appears to have captured the interest of Columbia Gold Mines (VSE). The Vancouver-based junior recently visited the country and carried out field examinations and technical r…
Exploration picks up in Utah’s Tintic district
Exploration activity appears to be picking up steam in Utah’s Tintic district. The camp was formerly among the most prolific in the state, having produced nearly 3 million oz. gold, more than 300 mill…
Chesbar, VenCan to join forces
Two Toronto-based juniors — Chesbar Resources (ME) and VenCan Gold (ME) — plan to combine their property interests in Venezuela. Details of the proposed amalgamation will be released shortly. If all…
LAST BUT NOT LEAST — Kenrich and Ambergate to merge
Two Vancouver-listed juniors, Kenrich Mining and Ambergate Explorations, will merge following the collapse of a 3-way merger agreement with Gitennes Exploration (ASE). Shareholders of Kenrich and Ambe…
NEWS ROUNDUP — Cyprus buys stake in El Abra
New York-listed Cyprus Amax Minerals will buy a 51% interest in the Chilean El Abra copper property. In return, Cyprus will pay US$330 million to Corporacion Nacional del Cobre de Chile (Codelco) and …
NEWS ROUNDUP — Crystallex strikes Albino deal
Junior Crystallex International (VSE) has reached an agreement with Eurus Resources (VSE) to acquire all of the Albino property in southeastern Venezuela. In return for transferring its right to a hal…
Geomaque works San Francisco play
Junior Geomaque Explorations (TSE) raised $10.4 million from a recent share offering, most of which will be used to bring its Mexican gold property into production. Situated in Sonora state, the San F…
Commodity index in 5.9% decline
The commodity price index of The Bank of Nova Scotia dropped 5.9% in April from the previous month. The oil sector picked up but was more than offset by falling forest product and metal and mineral su…
TVX completes property purchase
An associated company of TVX Gold (TSE) has completed its acquisition of a majority interest in a controversial gold property in Venezuela. Known as Brisas del Cuyuni and situated in the Kilometre 88 …