News

Western companies have recently expressed interest in Russia’s mineral resources and mining industry — interest which is justified in view of the tremendous resource capabilities of that country. Jus…

Roland Ridler appointed director.

Junior Claimstaker Resources (VSE) is planning a diamond drill program for the Blackdome gold mine, a former producer near Clinton, B.C. The company has agreed to acquire the mine, together with a 200…

A new gold-bearing structure has been drilled by Hemlo Gold Mines (TSE) on the Lepine property in northwestern Quebec. The property is under option from Radisson Mining (ME). Gold is hosted within a m…

Toronto-listed Teck will drill a minimum 8-hole, 3,000-ft. program at the Salkeld Lake property of Fortune Minerals (CDN). The major can earn a 60% interest in the 1,033-acre property, northeast of Pi…

Week’s Price (US) Change Gold* $383.50 + $1.60 Silver* $ 5.36 + $0.03 Platinum* $401.50 + $4.15 Nickel** $ 2.88 + $0.01 Lead** $ 0.24 + $0.01 Copper $ 1.08 + $0.02 Zinc $ 0.44 + $0.01 Courtesy of Scot…

The Toronto Stock Exchange has established a committee on corporate disclosure in Canada. The committee will examine possible changes to the securities legislation governing continuous disclosure by p…

The American Mining Congress will stage its Mining Convention ’94 during Sept. 18-21 in Phoenix, Ariz. Session topics will focus on efforts to reform the Endangered Species Act, the status of “superfu…

BGR Central Net Value $17.84 $6.80 Price $15.13 $7.50 Premium 10.3% Discount 15.21% Value $144,935,000 $135,744,750…

— 1994 — June 14 June 13 June 10 June 9 June 8 High Low Composite”300″ 4198.57 4206.76 4210.51 4196.79 4201.26 4609.93 3518.31 Metals&Minerals 3761.68 3812.76 3770.71 3703.57 3653.62 3879.59 3273.56…

Results from two drill programs indicate significant gold mineralization occurs on the Cuvier property near Chibougamau, Que. Last winter, Cache Explorations (ME) drilled 24 holes, which was preceded …

Strong base metal markets, particularly for nickel and copper, have helped a syndicate of underwriters float one of the largest Canadian equity issues of all time. A prospectus for almost 72 million s…