Ethiopia seeking mineral investment
After 17 years of socialist rule and an ensuing civil war, the transitional government of Ethiopia is instituting a number of policies aimed at improving the political, social and economic sectors of …
News
Metal prices boost index (November 14, 1994)
A surge in the metal and mineral sub-index in September helped to push the Bank of Nova Scotia’s commodity price index higher. The all-items index rose 0.6% in September from August; it sits 10.4% hig…
Northgate owns Chilean mine
TSE-listed Northgate Exploration has assumed complete ownership of the Choquelimpie gold property in northern Chile. It increased its interest to 100% from 35% by acquiring the interests of its joint-…
GeoNova confirms gold zone in Quebec
At GeoNova Explorations’ (ME) Gander project in northwestern Quebec, stripping and channel sampling have confirmed the presence of two new gold zones. The first zone was the site of a discovery made e…
NEWS ROUNDUP — Drills turning at Galena Giant
Diamond drilling is under way on the Galena Giant property on the Idaho-Montana border. The work is part of a 50-50 joint venture between Arbor Resources (VSE) and Wealth Resources (VSE). The partners…
NEWS ROUNDUP — Noveder funding Nugget Pond work
Rouyn-Noranda-based Novender (ME) is busy raising money to finance a 10,000-ton bulk sample at its Nugget Pond gold property in Baie Verte, Nfld. A $1.1-million private placement has been completed, a…
Roycefield boosts its stake in Newfoundland antimony play
Alberta-listed Roycefield Resources has agreed to acquire the remaining half interest in the 1,920-acre Beaver Brook antimony property in central Newfoundland. To do so, it will issue 2.3 million trea…
Rayrock study finds Secret Pass deposit viable
An evaluation of the Secret Pass gold deposit near Beatty, Nev., calls for development of an open-pit, heap-leach mine, The deposit is part of the Daisy property, which is owned 75% by Rayrock Yellowk…
USMX advances Dewey deposit
A 28,000-ft. drill program consisting of 99 diamond drill and reverse circulation holes was completed by USMX (TSE) on its Dewey gold deposit at Thunder Mountain, Idaho. The program was successful in …
Barrick to sell four Lac properties
Conjecture over which properties American Barrick Resources (TSE) would sell following the closing of its $2.2-billion takeover of Lac Minerals has been laid to rest. The major recently announced its …
Valerie explores historic property near Mexico City
Vancouver-listed Valerie Gold Resources is exploring the Mamatla property near Mexico City for its low-grade, bulk-tonnage potential. Situated 125 miles southwest of the capital city, the gold-silver …
Ontario symposium scheduled
Registrations are being accepted for the 17th annual Mines and Mineral Symposium of the Ontario Ministry of Northern Development and Mines (MNDM) scheduled for Dec. 5-8 in the Macdonald Block at Queen…