News

The annual meeting of Venezuelan Goldfields (TSE) was a low-key affair, with little news conveyed about the junior’s properties in Venezuela’s Kilometre 88 district. So far, 20 holes have been drilled…

Montreal-listed partners Societe Miniere Ecudor and Ressources Dianor report that exploration will begin soon on their Adanac gold property near Rouyn-Noranda, Que. Geophysical surveys by 30%-owner Di…

During the recent Toronto ’94 show in Toronto, I was able to spend some time as a volunteer at the “Keep Mining in Canada” information display of the Mining Association of Canada (MAC). It was a pleas…

Timmins, Ont.-based Moneta Porcupine Mines (TSE) has agreed to acquire Wounded Bull Resources, a wholly owned subsidiary of Australian-based Pima Mining. Wounded Bull owns two gold properties in the U…

In South America, Chile played a leading role in attracting foreign mining companies, being the first to pass new laws which paved the way for foreign companies to explore for and develop mineral depo…

London Metal Exchange Spot closing prices in $US per tonne Date May 24 May 23 May 20 May 19 May 18 Copper 2296-2298 2278-2280 2223-2224 2246-2123 2202-2203 Lead 486.5-487.5 484.5-485.5 477-478 475-477…

Toronto-listed Caledonia Mining has applied for three prospecting licences in Zambia covering a total area of 2,930 sq. km. The largest licence, the Kadola, covers more than 2,250 sq. km and is prospe…

Last week’s gains in base metals prices continued, but these were outshone by gains made by precious metals. Commodity prices, however, had little effect on the Toronto Exchange Stock composite 300 in…

Cynthia Avelino appointed president and director; Walter Clemens, William Daly, Jack Milligan and David Stewart elected directors.

Chet Idziszek and Arthur Luney appointed directors.

David Smith appointed vice-president and chief financial officer; Bruce Hansen appointed senior vice-president, corporate development.

Franz Scheidz and Paul Joseph McGuigan appointed directors.