News

Growth in reserves and output is the name of the game in the gold mining business. Pegasus Gold (TSE) plans to achieve this growth by combining grassroots exploration with participation in advanced de…

A review of drilling data has resulted in higher reserves for the Bronson Slope gold-copper porphyry deposit on the Iskut River property in northwestern British Columbia. Based on a computerized polyg…

After rising for several months, The Bank of Nova Scotia’s commodity price index declined by 1.1% in March. A substantial drop in agricultural prices and a smaller decline in forestry products and oil…

Proceeds from a rights offering amount to about $1.1 million for Armistice Resources (ME), after commissions and expenses. More than 7.2 million shares were bought at 18 cents per share in the over-su…

I read with interest your article on Cameco getting the green light for production of its Eagle Point and Collins A and D zones (“Rabbit Lake gets federal OK,” T.N.M., April 4/94). Sometimes our indus…

The 18th International Precious Metals Conference will take place June 12-15 in Vancouver, B.C. The theme of the conference, hosted by the International Precious Metals Institute (IPMI), will be “prec…

Francis Petro appointed president.

Frederick Wynne elected director.

Roberto Munoz appointed director of exploration for South America.

Dale Hendrick appointed chairman.

Though subject to regulatory approval, funds are now in place for further exploration of the Tulsequah Chief and Big Bull claims in northwestern British Columbia. Redfern Resources (TSE) has negotiate…

An option agreement with Homestake Canada gives GeoNova Exploration (VSE) the right to earn interests in four properties in northwestern Quebec. The junior may earn a 100% interest in each of the Noyo…