PEOPLE — IGF METALS (March 07, 1994)
Patrick Cheung appointed president and director; Robert Ching, Arnold de Silva and Wiong Shun Leung appointed directors.
News
EXPLORATION ’94 — Timely proposal: a new gold standard
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…
EXPLORATION ’94 — New plan proposed for Duport project
Like a phoenix rising from ashes, a new gold project in northwestern Ontario may yet be developed despite earlier environmental concerns. In 1989, the Duport project of Consolidated Professor Mines (T…
EXPLORATION ’94 — Cutbacks leave ferrochrome in supply
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…
EXPLORATION ’94 — Record drilling, staking activity —
The Northwest Territories recorded a banner year for exploration in 1993, with the search for gold, base metals and diamonds racking up record highs for drilling and staking activity. The Territorial …
EXPLORATION ’94 — Grevet development continues
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 …
Goldcorp approached 100,000 oz. in `93
Total attributable gold production for Goldcorp (TSE) approached 100,000 oz. in 1993, compared with 92,798 oz. in the previous year. Goldcorp is the major shareholder of Dickenson Mines (TSE) and Whar…
STOCK MARKETS — New opportunities fuel Western markets
For much of the past decade, junior mining companies listed on western markets focused on projects in Canada and the U.S., where the target was typically gold. Today, they are raising funds to explore…
EXPLORATION ’94 — Working together on reclamation of mined
In multiple news conferences in Washington, D.C., critics pummeled the hardrock mining industry for its historical environmental performance. These attacks have focused on abandoned mines in western s…
IGR options ground in Ghana
Junior International Gold Reserve (CDN) has optioned a 27-sq.-mile concession in western Ghana. The ground, near Tarkwa, is underlain by a conglomeritic unit which hosts the Iduapriem and the Teberebi…
EXPLORATION ’94 — Northern prospector learns to be
Prospector Bruno Poulin may be able to do just about anything. From building trucks and bridges to healing people with his touch, this prospector is about as versatile as they come. “I do all kinds of…
EXPLORATION ’94 — Cuban mineral wealth attracts Canadian
Stalled since the 1960s, Cuba’s mining industry is now gaining momentum as Canadian explorers venture to the island in search of mineral wealth. At last count, eight resource companies had signed agre…