Altai acquires more Peruvian prospects
Toronto-listed Altai Resources has acquired two new copper projects in Peru. The Achanizo deposit, in Caraveli province, contains seven known veins which range from 300 to 1,200 ft. in length and aver…
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Republic Goldfields finds two new zones
Vancouver-listed Republic Goldfields has identified two potential open-pit zones at the Congress gold project in Arizona. Reverse circulation drilling has partially defined the Golden Wave and Bellick…
EDITORIAL PAGE — Diamond standard needed
The Australians did it. American regulators followed suit. And Canadians should do it, too . . . . . . Introduce diamond reporting standards, that is. In the early 1990s, a group of Australian diamond…
Teck backs Joutel in Cuban exploration
Latin America continues to beckon Toronto-listed Teck. The major is investing $1 million in Joutel Resources (TSE), in return for which it can earn a half interest in three of the former’s Cuban prope…
METALS COMMENTARY — Prices rise, but metal stocks refuse to
Metals markets continue to confound analysts. Inventories are high and rising, yet, inexplicably, prices have bounced smartly off their recent lows. While the long-term outlook for most metals is good…
Metals sub-index jumps in December
In December, the metals and minerals sub-index of the Bank of Nova Scotia’s commodity price index rose for the second straight month. Base metal prices continued to edge up in December and January, th…
THE DIAMOND PAGE — Investors await drill results from
Diamond exploration in Saskatchewan is showing no sign of letting up, as results are eagerly awaited from several drill programs. War Eagle Mining (VSE), a player in the Candle Lake joint venture, she…
Richmont buys stake in Louvem
Richmont Mines (ME) is expanding its presence in la belle province by acquiring an interest in Louvem Mines’ (TSE) properties near Val d’Or. The company bought 8 million common shares in Louvem from S…
Darnley Bay explores anomaly
Privately owned Darnley Bay Resources plans to raise $7 million to explore a coincident magnetitic and gravity anomaly on Darnley Bay, N.W.T. The anomaly is 70 km in diameter and was likely caused by …
OBITUARIES — Christopher Bavage, Frank van Poppel
Two executives in the Canadian drilling industry, Christopher Bavage and Frank van Poppel, died recently in an automobile accident while on business near Timmins, Ont. Bavage was vice-president and ge…
PEOPLE — TELLIS GOLD (February 21, 1994)
Rupert Galliers-Pratt appointed chairman and director; C. Cole appointed president; William Meek appointed vice-president and director; W. Webb appointed vice-president (US) and director; William Graf…
STOCK MARKETS — Golds stay afloat as bullion prices rise
Gold bullion prices rose US$3.35 to close at US$383.60 per oz. at the end of our report week. The Toronto Stock Exchange gold and silver index fell slightly to 10,372.40 from 10,497.00. Most of the ma…