News

CYPRUS CANADA — Steven Parry appointed district manager, exploration for eastern Canada. POTASH AND PHOSPHATE INSTITUTE — Robert Connochie elected chairman of the board. CONS. IMPACT RE-SOURCES — F…

Paul McCloskey, chairman of Matachewan Consolidated Mines, died recently in Toronto. He was 77. Born in Cobalt, Ont., McCloskey graduated with a B.Sc. from Michigan College of Mining and Technology in…

Gold’s performance went from disappointing to depressing as it slipped below the US$340-per-oz. level amid rumors of European selling and talk of its demise as the preferred haven against political an…

Kennecott plans new smelter, refinery Kennecott, a unit of Britain’s Rio Tinto Zinc, is planning to spend US$880 million to build a new smelter and expand the refinery near its Bingham Canyon copper-g…

With the payment of 30,000 common shares, Redfern Resources (TSE) acquired a 100% free and clear interest in a number of claims owned by Silver Talon Mines (VSE) in the Tulsequah River area of northwe…

Privately owned Abel Lake Resources is in the market for an exploration partner for its northeastern Ontario prospect following the withdrawal of property option holder Royal Oak Mines (TSE). Abel Pre…

Recent assays from the FER copper-zinc property in northern Manitoba include encouraging gold values, reports Canmine Resources (CDN). Holes FER-3 and FER-4 intersected three sulphide-bearing lenses g…

Results from the drilling of the two easternmost sections investigated by a recent program (on the No. 1 zone) at the Granada gold project near Rouyn-Noranda, Que., indicate that the system is open on…

Toronto-based companies Minnova (TSE) and Metall Mining (TSE) have agreed to combine their mining and financial strength in a bid to develop the Izok Lake copper-zinc property in the Northwest Territo…

Daily trading volumes were relatively strong during the week ended March 17, ranging between 5.2 million and 8.3 million shares, but both the market portfolio and mining and minerals index stumbled. T…

A first-phase exploration program scheduled to begin in early April is being planned by Melinga Resources (VSE) for the Griffin Lake property and Kognak River property in the District of Keewatin, N.W…

As President Carlos Salinas de Gortari orchestrates his economic reform program, the image of the lazy Mexican sleeping underneath a cactus plant is rapidly becoming a thing of the past. Inflation is …