ODDS’N’SODS — Nova Scotia’s Meguma terrains
Many geologists who visit Nova Scotia scratch their heads over the great number of gold occurrences in the fold belts of Ordovician-age metasediments, known locally as Meguma terrains. They do so beca…
News
LAST BUT NOT LEAST — Caledonia sub on Luxembourg Exchange
Toronto-based Caledonia Mining (TSE) reports that its 31.6%-owned affiliate, Reunion Mining, has started trading on the Luxembourg Stock Exchange. The listing follows Reunion’s successful placement of…
LAST BUT NOT LEAST — Minprotech listed, eyes Indonesia
Having completed an initial public offering of units for gross proceeds of $550,000, Minprotech Mining has begun trading on the Alberta Stock Exchange. Each unit consists of one common share and a sha…
Strong new powers recommended for OSC
A task force studying the Ontario Securities Commission (OSC) is recommending broadening the regulator’s powers. The changes would allow the OSC, which oversees Canada’s largest securities market, to …
LAST BUT NOT LEAST — US$3.5-m placement for Crystallex
A US$3.5-million private placement will enable Crystallex International (VSE) to make option payments on and explore its Venezuelan gold projects. The 3-year convertible debenture will be convertible …
Princeton set to resume operations at Similco mine
The Similco copper mine near Princeton, B.C., will resume production in early August. The decision by owner Princeton Mining (TSE) reflects a 40 cents-per-lb. increase in the price of copper since ope…
Commodity index surges in May
In a surge which reflects signs of improving industrial activity in continental Europe, the Bank of Nova Scotia’s commodity price index jumped 7.2% in May. All sub-indexes increased, with base metals …
De Beers joint-ventures Yamba Lake diamond bet
De Beers Consolidated Mines has agreed to joint-venture the Yamba Lake diamond project held by Mill City Gold (VSE) and Tanqueray Resources (ASE). The agreement, which is subject to a due diligence ex…
LETTERS TO THE EDITOR — Tatshenshini video would be good
From coast to coast, Canada has never known such mineral wealth from combined copper, gold, silver and cobalt reserves as that which is indicated in the northwest corner of British Columbia. The inves…
Royal Oak offers `paper of questionable value’ — Lac strikes
A week and a half after Royal Oak Mines (TSE) made its widely publicized, hostile takeover bid, the management of Lac Minerals (TSE) has responded with a scathing critique of the offer. Speaking at a …
Cominco Res. gold discovery
Cominco Resources International (TSE) has added a new gold discovery to its exploration projects in Turkey. The find was made on the Saray property, 5 km from the Black Sea near the town of Fatsa. Com…
Campbell buys Mexican producer
Toronto-based Campbell Resources (TSE) has agreed to buy the Santa Gertrudis gold mining operation in Mexico’s Sonora state. The vendor is a subsidiary of Phelps Dodge (NYSE) of Phoenix, Ariz., which …