News

Exploration equipment has arrived at Franc-Or Resources’ (ME) Sophie-Saul gold property in central French Guiana. The property is underlain by a 50-km-long shear zone which separates the Paramaca gree…

To expand sources of feed for the Revemin gold mill in Venezuela, Monarch Resources (TSE) has arranged to receive 7,500 tonnes of ore per month from El Callao Mining (VSE). The ore will be delivered f…

After all the calculations were done, Newmont Gold (NYSE) found it had increased its total reserves and mineralized resources by 12% for 1994. Most of this increase stems from an expansion of minerali…

Edward Mercaldo appointed executive vice-president and chief financial officer.

Week’s Price (US) Change Gold* $383.10 + $6.80 Silver* $4.68 + $0.21 Platinum* $419.50 + $10.50 Nickel** $3.47 + $0.22 Lead** $0.26 + $0.01 Copper $1.32 + $0.04 Zinc $0.46 + $0.01 Courtesy of Scotiaba…

Among the highlights of the 63rd annual convention of the Prospectors and Developers Association of Canada (PDAC), held recently in Toronto, was the presenting of awards to individuals and companies f…

Drilling has extended the Olcott zone at depth and in a southeasterly direction, Allegheny Mines (ASE) reports from its northwestern Ontario gold project. Six holes intersected the structure to a vert…

Mining giant Barrick Gold (TSE) has released the results from the first 1,927 metres of drilling on the Michaud claims north of Kirkland Lake, Ont. Three holes were drilled to test the Porcupine Desto…

Terry Owen appointed director of project engineering.

Gregory Crowe appointed vice-president of mineral exploration.

Junior Da Capo Resources (VSE) continues to work its Bolivian properties, with promising results. Assays from diamond drilling on the Capa Circa property include 126.4 metres of 0.98 gram gold per ton…

The acquisition of 68 claims in the Idaho cobalt belt expands the holdings of Formation Capital (VSE) at its Sunshine project. Three main target areas — Sunshine, Lion and Northfield — now combine t…