News

Michael Scott appointed director and elected president. N5…

Jeff Eng and Richard Pearson appointed directors.

Gold-producer Cambior (TSE) and Soquem are going to the market with an offering to raise $140 million. Cambior, based in Val d’Or, Que., and Soquem, the Quebec Crown exploration company, have conclude…

The Guanaco mine in northern Chile is gearing up, with a Merrill Crowe processing plant recently constructed. Amax Gold (NYSE), 90% owner, expects the heap-leach operation to start producing in April …

Bema Gold (TSE) wants to extend the term of its $5.6 million in convertible debentures. The company is proposing a 2-year extension on the maturity date to May 31, 1995, retaining the original 9% coup…

Through metallurgical and engineering studies at the Cerattepe copper project in Turkey, Cominco Resources International (TSE) is aiming for an early production decision. The focus is on the main high…

Ed Gallagher, Jim Glass and Frank Hogg elected director. N5…

Statistically, the odds of finding a diamond mine in the Slave province of the Northwest Territories are less than 1-in-10, registrants were told at a recent short course on diamond exploration and ev…

Apr.6 Apr.5 Apr.2 Apr.1 Mar.31 High Low Composite”300″ 3598.81 3604.36 3595.07 3614.55 3602.44 4009.47 3009.91 Metals&Minerals 2906.33 2904.92 2900.76 2926.43 2931.38 3453.06 2502.63 Integrated Mines3…

Drilling aimed at expanding reserves is to begin on the South Comstock gold project in Nevada, a 50/50 joint venture involving Rea Gold (TSE) and BMR Gold (TSE). The first phase will test the continui…

The Superior Court in Quebec (Montreal district) has ordered Scintilore Explorations (TSE) and President T.H. Polisuk to pay almost $1.5 million plus interest to Union Miniere. The action, commenced i…

Drilling is under way on Hillsborough Resources’ (TSE) El Oro property, 115 km northwest of Mexico City. The first hole, 93-01, averaged 4.24 grams gold per tonne and 43.4 grams silver over 9.3 metres…