Focal options more land near Fort MacKay
Four separate agreements have been signed by Focal Resources (ASE), whereby the company can expand its land position in the Fort MacKay region in northeastern Alberta by about 1.15 million acres. Foca…
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PRODUCER PRICE
ALUMINUM: MW U.S. market US63.00-64.00 cents per lb. (Mar. 31, 1994). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.65 per lb. (Sept. 23, 19…
Canada to stem gold sales from its Central Bank
The Canadian government’s policy of having the central bank of Canada sell off its gold reserves will be wound down, according to Finance Minister Paul Martin. “We have come to pretty near the end of …
American Gem acquires technology to treat sapphires
A deal has been signed allowing American Gem (TSE) to purchase Crystal Research, a private California company that was instrumental in developing a heat-treatment process for Montana sapphires. Sapphi…
NEWS ROUNDUP — New Canamin cements Huckleberry
The acquisition of an outstanding “back-in” right on the Huckleberry copper property near Kemano, B.C., gives New Canamin Resources (VSE) an unencumbered 100% interest in the project. Kennecott had th…
TSE SHORT POSITIONS (April 18, 1994)
Semi-monthly reports as of Mar 15, 1994 showed 66,772,111 shares of 827 issues compared with 66,403,366 shares of 806 issues on Feb 28, 1994. Larger individual positions included: Aber 240,800; Adrian…
Timminco reports improved results
One of the world’s leading producers of non-ferrous specialty metals, Timminco (TSE), reports that improvements in the company’s core metals operations helped stem the tide of red ink. Ongoing product…
PEOPLE — SHOREWOOD EXPLORATIONS
Charles Bruce appointed director.
High-grade discovery enhances Eldorado project
The discovery of a high-grade zone is enhancing the potential of the La Trinidad gold project held by Eldorado (VSE) in Sinaloa state, Mexico. The drilling is part of a program to expand and upgrade t…
PEOPLE — PACIFIC BASIN DEVELOPMENT (April 18, 1994)
James Yates appointed president and director; Robert Quartermaine and H. Gill appointed directors.
PEOPLE — BITECH (April 18, 1994)
James Clubb, Timothy Unwin and James Beckerleg appointed directors; Brian Sutton appointed chief operating officer and director.
Students learn about geology
A week-long interactive study program, designed to introduce grade 7 and 8 students to the many facets of geology, will run from April 18 to 26 at the Ecole Royal Orchard Public School. The study prog…