News

A drill program will begin in April on Placer Dome’s (TSE) Turquetil gold project, 130 miles southeast of Rankin Inlet, N.W.T. The drilling will test several new gold targets along the extension of th…

High levels of taxation — not labor costs and wages — was the main concern expressed by Canada’s top 1,000 business leaders when asked about their ability to compete with similar companies in Mexico…

Three politicians from different regions of the country are to speak at the annual convention of the Prospectors and Developers Association of Canada, March 27-31 in Toronto. They are: — William McKn…

Gold royalty company Franco-Nevada Mining (TSE) plans to raise at least $38 million through an offering of special warrants. The Toronto-based company has entered into an agreement with First Marathon…

Mineral production in Ontario is a technologically advanced business that supplies a broad range of benefits to the province’s economy, according to a study by management consulting and accounting fir…

Toronto-based junior Goldpost Resources (TSE) is selling its properties in northern Ontario to St Andrew Goldfields (TSE). The three contiguous gold properties — Hislop East, Holcorp and Valliere — …

Ten claims in Fiedmont and Courville Twps., about 35 km north of Val d’Or, Que., are being sold by Exploration Acabit (ME) to Western Quebec Mines (TSE). Western will explore the Mckenzie Break gold p…

The first commercial sale of manganese ore production from the Burkina Faso mining project in Africa has closed, InterStar Mining Group (CDN) reports. The 10,000-tonne purchase order was processed by …

Reserves have decreased at Cameco’s (TSE) mineral properties in Saskatchewan. As of Jan. 1, 1993, the company’s share of uranium reserves from five deposits was 460 million lb. U3O8. This represents a…

Metallurgical testing is proceeding on a 1,200-lb. sample of material from the Chaucha deposit. Kookaburra Resources (VSE) can earn a 50% interest in the Ecuador project from AG Armeno Resources (VSE)…

Semi-monthly reports, as of Feb. 28, showed 54,644,263 shares of 620 issues compared with 50,894,685 shares of 621 issues on Feb. 15. Larger individual positions included: Aber 61,200, up 30,500; Adex…

Western markets continued to advance during the period ended March 9, with the Vancouver Stock Exchange resource index posting a 13.53-point gain to 827.15 and the composite index adding a more modest…