News

For at least 6,500 years, gold has been treasured for its beauty and rarity. The enormous amount of labor put into gold production since prehistoric times has yielded cumulative world production of go…

London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date March 19 March 18 March 15 March 14 March 13 Copper 1344-1345 1344-1345 1307-1309 12…

SOQUEM, the Quebec government’s mineral exploration company, has acquired the right to earn a 50% interest in Canspar Resources’ (ME) Portage du Fort dolomite property north of Hull, Que. The 14-claim…

In a bid to boost its North American gold reserves,MDBO TVX Gold (TSE) is continuing an aggressive exploration program this year on its large Casa Berardi claim group in northwestern Quebec. The searc…

A review of exploration activity in Alaska for 1990 shows spending increased 19% to US$56.7 million from the previous year’s US$47.8 million. Three gold projects near Juneau, all in advanced stages of…

Cindy Stevens appointed a director.

With a reduction of 60% in U.S. zinc smelter capacity during the last 25 years there has been a consolidation in the industry favouring the integrated producer, the enterprise that mines, smelts, refi…

Moraga Resources Ltd. — 1,000,000 units consisting of 1 sh and 1 wt offered @ 74 cents per unit. Golden Eagle Resources Ltd. — 1,500,000 shs offered @ 10 cents per unit.

Darrell Curtis appointed a director succeeding Laurence Sookochoff who resigned.

For the year ended Dec. 31, Brenda recorded a loss of $1.5 million on revenues of $26.8 million. Brenda Mines (TSE) 3 months ended Dec. 31 1990 1989 Revenue $3,810 $11,260 Net earnings (loss) 140 (3,9…

Projected exploration expenditures in Manitoba in 1990 are expected to be slightly lower than the estimated $40 million spent in 1989. Claim staking in 1990 was down 30% as compared with 1989 but more…

Exploration on the King’s Point project, 75 miles south of Deer Lake, Nfld., has yielded disappointing results for Springer Resources (VSE). Although three holes drilled to test geophysical and geoche…