Venezuela pushes for mining reforms
The Venezuelan government is determined to improve the opportunities for investment in the mining sector, says Dr. Oswaldo Ruiz, director of mining and geology for the country’s Ministry of Energy and…
News
Arequipa unveils drilling results
Peruvian explorer Arequipa Resources (TSE) has revealed some encouraging drill results from its copper prospect known as Los Calatos.Situated in the southern part of the country, the property spans 8,…
Arimetco buys Paradise Peak operation
Arimetco International (TSE) has acquired the Paradise Peak operation from FMC Gold (NYSE). The operation, situated near Gabbs, Nev., comes complete with a gold processing plant.Arimetco paid FMC US$2…
Cartaway, Peruvian drill-test property
Drilling is under way on the Peruvian “B” property, 200 km northwest of Goose Bay, Labrador.Cartaway Container (ASE) is funding the program under an option that enables it to earn a half interest from…
Cold weather forces NDT Ventures to suspend winter drill program
Drilling on Project 10 in the Staghorn Lake area, 80 km northwest of Nain, Labrador, has been suspended until weather conditions improve.NDT Ventures (VSE) has completed four holes in a program aimed …
Spot prices at a glance (January 08, 1996)
Wednesday, January 3, 1996Week’s Price (US)ChangeGold*$390.50+$3.15Silver*$ 5.35+$0.19Platinum*$406.00-$1.00Nickel**$ 3.34-$0.32Lead**$ 0.31-$0.02Copper$ 1.25-$0.04Zinc$ 0….
Sheridan and Northern Platinum file claim
Junior Northern Platinum (VSE) and J.P. Sheridan, a director of the company, have filed a statement of claim in an Ontario court for damages amounting to $25 million.The claim relates to an agreement …
Sherritt restructures into two entities
Toronto-listed Sherritt has raised $341 million through a rights offering in spinoff company Sherritt International.Shareholders received one transferable right for each Sherritt share held. One trans…
EDITORIAL PAGE — The next Russian revolution
Long before Mikhail Gorbachev introduced reforms that changed the political and economic structures of Russia and the former Soviet Union, there existed a nostalgia for the order and structure that ep…
Commentary — Grassroots exploration spending on the rise in British Columbia
In 1995, three types of deposits accounted for 82% of exploration expenditures in British Columbia. These include:* gold-enriched porphyry copper and porphyry-related gold deposits; * polymetallic mas…
Tasisuak Lake returns values
Drill results from the Tasisuak Lake property in Labrador have jostled the spirits of joint-venture partners Consolidated Magna Ventures (VSE) and Consolidated Viscount Resources (VSE).Tasisuak Lake l…
Pursuit continues to drill Hinoba-an
Drilling by International Pursuit (TSE) on its Hinoba-an copper project in the Philippines continues to expand the dimensions of the A1 anomaly and Don Jose deposit.Results from six additional holes d…