News

Money markets continued to improve during the week, but declines in the metals and minerals and gold subgroups lead to a drop in the composite index. On April 12, the central bank rate tumbled 37 basi…

Alberta-listed Belore Mines is acquiring a numbered Nova Scotian company which owns 149 claims in the South Brookfield gold district of the maritime province. Belore will issue 400,000 shares and 200,…

Week’s Price (US) Change Gold* $385.10 – $1.65 Silver* $ 5.53 – $0.08 Platinum* $407.75 – $0.25 Nickel** $ 2.49 – $0.05 Lead** $ 0.20 – $0.01 Copper $ 0.85 – $0.02 Zinc $ 0.42 – $0.01 Courtesy of Scot…

The largest mining company in Peru, Centromin, is up for sale. The sale of Centromin is a large step in the aggressive privatization program started by President Alberto Fujimori in 1992. It will mean…

Leach tests on core from last year’s diamond drilling program on the Getty North property has returned positive results. The property, owned by Getty Copper (VSE) and situated in the Highland Valley o…

Federal Finance Minister Paul Martin will address a May 4 joint luncheon during the Toronto ’94 mining show. The luncheon will be part of the Minerals Outlook Conference, a 1-day event sponsored by th…

Glen Dickson appointed president; William McCrindle appointed vice-president and John Greig appointed chairman.

Murray Provost and Bruce Horner appointed directors.

An increase in exploration in South Australia has prompted that state’s government to commit funds for a further work program. About A$1 million of the A$5-million program will finance airborne geophy…

Partners Onshore Resources and Minorco are continuing their search for base metals on a 650-sq.-km property in central Ireland. The property is on a major structural trend which extends southwestwards…

At the annual meeting in Toronto, shareholders of Sikaman Gold Resources approved management’s proposal to convert all Series A, B and C preference shares into common shares. A total of 2.4 million pr…