News

The exploration division of Noranda (TSE) has encountered additional base metal mineralization at the Fox-Stimson property near Timmins, Ont. Property vendor Cross Lake Minerals (VSE) reports three ho…

It has been explored since the early 1970s and suffered several delays at the permitting stage, but Canada’s first platinum group metals (PGM) mine is finally up and running. Situated 60 miles northwe…

Debt-heavy Bachelor Lake Gold Mines (ME) will be taken over by Espalau (ME). Under an agreement, Espalau will acquire all of the issued and outstanding shares of Bachelor Lake, as well as Bachelor’s o…

The diamond deposits off the western coast of Southern Africa are luring a growing number of companies interested in exploiting them. Although De Beers continues to dominate the offshore lease areas o…

Peter Richards appointed director.

Richard Coleman appointed director.

Patrick Cheung appointed president and director; Robert Ching, Arnold de Silva and Wiong Shun Leung appointed directors.

In 1934, when the U.S. raised the price it would pay for gold from US$20.67 to US$35 per oz., it was deluged by sellers. By 1949, reserves reached 700 million oz. This huge increase put the U.S. in th…

Stringent cutbacks in production at a time of high demand from the stainless steel sector mean that demand for ferrochrome exceeded market economy supply in 1993, according to market analyst Roskill o…

Development of the Grevet zinc project, 50 miles northeast of Lebel-sur-Quevillon, Que., by Cambior (TSE) continues. Work last year included the sinking of a shaft and drilling to confirm the reserve …

The Holloway gold project in northeastern Ontario could be in production by late 1995 pending approval by partners Hemlo Gold Mines (TSE), Freewest Resources (TSE) and Teddy Bear Valley Mines (CDN). A…

Promoters are a unique breed of people who share a common ability to create and share a vision. Some of them can do it with an almost evangelical fervor. The undisputed star in Vancouver is Murray Pez…