Channel to make rights offering
A planned rights offering by Channel Resources (VSE) will enable the junior to continue exploring its gold concessions in Burkina Faso, West Africa.Channel, which has 19 million shares outstanding, wi…
News
Toronto Stock Exchange joins top 10 list
The Toronto Stock Exchange has joined the top 10 list of world stock exchanges.Record trading values of US$133.4 billion catapulted the TSE to a new plateau; it now ranks 10th amongst the world’s elit…
ODDS’N’SODS — From rags to riches to rags
Prospector Samuel Hawkins Napier grew up in Bathurst, N.B., where the Nepisiguit River flows into Chaleur Bay.Upon leaving public school, he got a job working in a local saw mill. His elder brother, C…
Inter-Rock and Rayrock advancing Daisy project
Shareholders attending the recent annual meeting of Inter-Rock Gold (ME) were told that the Daisy gold project in Nevada should be up and running by late 1996.Engineering work and permitting are under…
COMMENTARY — Worldwide gold exploration prospects
The Mining Investment Service of Tucson, Ariz., has compiled a study based on 434 gold exploration deposits throughout the world. And although these projects exist at various stages of exploration, su…
Louvicourt adds to Novicourt earnings
Junior Novicourt (ME) generated $11.9 million in revenue during the first quarter.The revenue was derived from the company’s 45% interest in the Louvicourt base metal mine near Val d’Or, Que.The Louvi…
Gold Reserve works Km 88 play
With three rigs operating and 40 more holes planned for the current phase of drilling, Gold Reserve (TSE) continues to receive encouraging results from its Las Brisas property.Situated within the Kilo…
Low Canadian dollar benefits Ontario mining industry
Metallic commodities are priced in U.S. dollars and, because of this, monetary exchange rates have a significant impact on the revenues generated by Ontario mining operations.The mineral sector analys…
USMX acquires Ecuadorian firm
Colorado-based USMX (TSE) has acquired all of the outstanding capital stock of Mega Minerals, an Ecuadorian company which holds title to eight exploration concessions in the South American country.In …
Spot prices at a glance (May 29, 1995)
Wednesday, May 24Week’sPrice (US)ChangeGold*$382.90-$0.50Silver*$5.40+$0.02Platinum*$431.75+$3.10Nickel**$3.43+$0.12Lead**$0.28+$0.01Copper$1.29+$0.03Zinc$0.47 $0.00Courte…
EDITORIAL PAGE — A catalyst for change
The Voisey Bay nickel-copper-cobalt project has sparked the largest staking rush ever seen in Atlantic Canada, with more than 100,000 claims registered in Labrador since the discovery was announced la…
Companies (May 29, 1995)
Aber Akiko GoldAltaiAmax GoldAshton Mng CanAurAurizonBarrick GoldCaledoniaCamphor VCanyonChampionChannelConquistdr Cons SamrkdContl PacfcDiamnd FldsEcho BayElectra MngFalcon…