Delgratia active in Nicaragua
Through a wholly owned subsidiary, Delgratia Developments (VSE) has opened an office in Managua to explore and develop six recently acquired properties in Nicaragua. The ground comprises 2,892 sq. km …
News
NEWS ROUNDUP — Moneta arranges financing
Timmins, Ont.-based Moneta Porcupine Mines (TSE) has grossed $570,000 through two private placements. In one placement, privately owned Mattalex subscribed to 1 million shares at 24 cents each, to rai…
Granduc secures additional funds
An additional loan of $2.5 million will enable Granduc Mining (TSE) to finance its share of pre-development work on the Farley Lake gold deposit in Manitoba. Farley Lake is included in Granduc’s Keyst…
PRODUCER PRICES (July 11, 1994)
ALUMINUM: MW U.S. market US69.5-70.5 cents per lb. (June 23, 1994). ANTIMONY: MW New York dealer US$1.60-1.80 per lb. (June 23, 1994). BISMUTH: MW New York dealer US$2.35-2.65 per lb. (Sept. 23, 1993)…
Hedman signs Saudi marketing agreement
As part of its plan to develop export markets, Alberta-listed Hedman Resources has concluded a territorial agreement with Contemporary Trading Establishment (CTE), a Saudi Arabian agent. The agreement…
Gold-silver values at La Poposa
Junior Argentina Gold (VSE) has released final assay results from trenching on the Poposa property in San Juan, Argentina. In total, 1,800 chip samples were collected from the 11.8-km program, complet…
PEOPLE — GOLD CITY (July 11, 1994)
John Chapman appointed director, president and chief executive officer; W. Kure and M. Smale appointed directors.
PEOPLE — ARIMETCO INT’L (July 11, 1994)
Roy Shipes appointed president and chief operating officer.
PEOPLE — WORLD GOLD COUNCIL
Dennis Wheeler appointed U.S. director.
THE DIAMOND PAGE — De Beers’ Monopros backs four juniors in
Monopros, the exploration arm of De Beers, is expanding its presence in the Northwest Territories, currently the world’s hot spot for diamond exploration. In the first major partnership it has made wi…
STOCK MARKETS — TSE levels off after a rough ride
After losing ground for three consecutive weeks, the TSE 300 index has rallied and leveled off well above the psychologically significant 4,000-point support level. For the week ended July 5, the inde…
Rio metals unit
All North American service centre and metals distribution activities managed by Rio Algom (TSE) will be consolidated into a new entity called North American Metals Distribution Group. The group will c…