News

Week’s Price (US) Change Gold* $343.50 + $0.20 Silver* $ 3.81 + $0.10 Platinum* $357.25 + $2.25 Nickel** $ 2.75 – $0.09 Lead** $ 0.24 – $0.01 Copper $ 1.03 + $0.01 Zinc $ 0.51 – $0.03 Courtesy of Scot…

Based on results from the initial phase of exploration, International Mahogany (TSE) and Mahogany parent North Lily Mining (NASDAQ) plan a follow-up drilling program to further define and expand coppe…

An option agreement covering 41 claims in Quebec’s Gaspe Peninsula, about 40 km northwest of Murdochville, has been signed by Soquem with three prospectors. Soquem, the mining exploration arm of the Q…

After seven years of exploration in northeastern Alberta, a private Edmonton-based company, HMS Properties, says it has outlined a large deposit of metallic minerals in a Devonian limestone formation….

Ontario Hydro recently presented Donald Brisbois, manager of Placer Dome’s (TSE) Dona Lake mine, an incentive cheque for over $37,000. Under a Savings by Design Program offered by Hydro, the Dona Lake…

Mining giant General Mining, Metals and Minerals recently agreed to purchase 3.2 million shares of Cheni Gold Mines (TSE) held by BRGM (Bureau de Recherches Geologiques et Minieres) of France. The pur…

Pacific Unicorn Resources Ltd. (PUC:VSE) has changed it name to Biopac Industries Inc., with a consolidation of capital on a 1-new-for-6-old-share basis. The transfer agent is R-M Trust.

London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Oct. 20 Oct. 19 Oct. 16 Oct. 15 Oct. 14 Copper 1387-1388 1365-1367 1351-1352 1322-13…

Two holes have been completed on Canmine Resources’ (CDN) Fer property near Flin Flon, Man. The vertical holes, spaced 50 metres apart, intersected a massive sulphide zone at a depth of about 25 metre…

By year-end, Homestake Mining (NYSE) expects to complete a major corporate restructuring which is expected to reduce its annual administrative and exploration expenses by more than $25 million beginni…

Following the completion of the purchase of a control position in Minnova (TSE) by Metall Mining (TSE), Klaus Zeitler, president of Metall, was appointed chairman of Minnova. Metall purchased a 50.4% …

A drill program by Valerie Gold Resources (VSE) will begin shortly on the Mega-Gold property in the Taseko River region of southern British Columbia. The property, just 1.5 miles from Taseko Mines’ Fi…