News

The “Investment in Mining” conference last spring in New York City was so successful that a follow-up has been scheduled. The convention, to be held Sept. 17 and 18 in Las Vegas, Nev., will focus on g…

A private placement of 688,750 flow-through shares at 80 cents per share has been completed by Nebex Resources (ASE). Most of the proceeds from the $551,000 placement will fund exploration on the Nort…

N. Smith appointed director.

Roger Richer appointed president and director; Kim Phillips appointed director; Clive Johnson and Barry Rayment appointed directors.

William Lynch appointed director.

Rene Carrier and Brian Doutaz appointed directors.

Calgary-based Golden Rule Resources (TSE) has agreed to buy 2.5 million units of Stade Exploration (ASE) at 26 cents per unit. Each unit will consist of a class A share and a share purchase warrant. O…

ALUMINUM: MW U.S. market US57.25-58.00 cents per lb. (July 8, 1993). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (June 11, 1992…

Gold intersections have been reported during an initial phase of drilling on the Niaouleni concession in Mali, West Africa. The property is under option to Viceroy Resources (VSE), which can earn a 70…

Having secured a commitment for US$18 million in debt financing from the Chase Manhattan Bank of Canada, Minera Rayrock (TSE) is bringing into production its Ivan copper deposit in northern Chile. The…

In re-evaluating its Bissett mine, 160 miles northeast of Winnipeg, Man., Rea Gold (TSE) projects reserve potential to be more than one million oz. of contained gold. Minable reserves, as previously e…

A joint venture formed by a unit of Cyprus Minerals (NYSE) and five Russian partners has won a bid to develop a gold mine in the Madagan region of far-eastern Russia. The advanced Kubaka mine project …