Jordex sells Latin nickel deposit
Although investors are looking to Venezuela for its undeveloped gold potential, a junior company is poised for a significant return on an investment in a laterite nickel deposit, 65 miles southwest of…
News
COMMENTARY — Indian silver imports relaxed
The habit of relaxing precious metals regulations in India is catching. Last year, it was gold; this year, silver. The Indian government announced in February that, for the first time in more than 40 …
Kinross acquires U.S. gold bets
Even before Kinross Gold (TSE) made front page news this week with its purchase of Falconbridge gold it had begun building an asset base with the acquisition of two small U.S. gold mines and two minin…
Amer. Barrick earnings jump 72%
A consistently outstanding performance at its Goldstrike mine in Nevada helped American Barrick Resources (TSE) post significant increases in production, earnings and cash flow for the first six month…
NEWS ROUNDUP — Soquem exercises MSV warrants
Exploration in the Chibougamau, Que., area will get an extra boost following Soquem’s decision to exercise warrants of MSV Resources (ME). Under a $1.2 million private placement agreement signed last …
Lyndex issues shares
Toronto-based junior Lyndex Explorations (CDN) plans to issue $5 million in series B special shares on a private basis. The special shares will be convertible into common shares at $1 each and, under …
NEWS ROUNDUP — Glimmer, Hemlo to drill 31 holes
A 31-hole, 4,600-metre program will be completed on the Hislop Twp. property in northeastern Ontario this year, says Glimmer Resources (VSE). The program, expected to cost $322,000, is designed to pro…
LATIN AMERICAN ROUNDUP — $4.7-million program at Petaquilla
A $4.7-million exploration program by Adrian Resources (VSE) will include about 15,000 metres of drilling to define known deposits further and continue testing several discovery areas on the Petaquill…
LATIN AMERICAN ROUNDUP — Zappa acquires Ecuador ground
By issuing 6.8 million common shares, Zappa Resources (VSE) plans to acquire 14 mineral property interests in Ecuador. On closing, 2.5 million shares will be issued to shareholders of Prominex, the Ec…
EDITORIAL PAGE — When good news is no news
American Barrick announces an astonishing 72% rise in profits in the first half of the year. But such sterling financial performance garners hardly a ripple in the financial news columns. It’s given m…
MAPAO granted civic award
The Mines Accident Prevention Association of Ontario (MAPAO) has been presented with two awards from the city of North Bay. Both awards were given for MAPAO’s “significant contribution to the outstand…
NO HEADLINE (July 26, 1993)
Despite a flurry of exploration in the Northwest Territories, where an estimated 30 exploration camps and several drills are active, the speculative diamond market is in the doldrums. The shares of ma…