Nebex outlines sulphide zone at Canso Landing
Alberta-listed Nebex Resources has outlined a zone of high-grade massive sulphide mineralization at its Canoe Landing Lake property near Bathurst, N.B.The indicated reserve, based on results from a 13…
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Capital market restructuring suggested by ME president
The president of the Montreal Exchange has called for a far-reaching restructuring of the Canadian capital market.Although the Canadian financial services industry has gone through a substantial restr…
PRODUCER PRICES (April 24, 1995)
ALUMINUM: MW U.S. market US91.25-92.25 cents per lb. (April 7, 1995).ANTIMONY: MW New York dealer US$2.20-2.30 per lb. (March 31, 1995).BISMUTH: MW New York dealer US$3.65-3.75 per lb. (April 7, 1995)…
Bard drills six holes at Botanamo
At the Botanamo property in southeastern Venezuela, Bard Silver & Gold (VSE) has completed a preliminary 6-hole drill program designed to test the Nuevo Callao structure.The drilling was carried out o…
Metall increases budget for exploration spending
TSE-listed Metall Mining has increased exploration spending by about one-third, to $20.1 million, as it continues to focus on North and Latin America and Europe.At the Gataga project, north of McKenzi…
Barrick targets potential of South American projects
First-quarter results reveal that senior gold producer Barrick Gold (TSE) enjoyed greater earnings, revenue and cash flow, compared with the same period in 1994.Net income rose 18% to US$71.1 million …
Star helping to develop large Sukhoi Log deposit
Australia-based Star Mining is hoping to strike it rich in the Irkutsk area of Siberia where gold mining has been a way of life for 148 years.Star has a 34.9% interest in a Russian company, LenaGold (…
Freewest’s Willett drilling returns encouraging assays
Encouraging results were obtained from drilling at the Willett copper-zinc-lead-silver-gold property in New Brunswick, Freewest Resources (TSE) reports.The wholly owned property is 6 miles southwest o…
Panamanian gold producer catches Northfield’s interest
Junior gold miner Northfield Minerals (TSE) has signed a letter of intent to acquire an 80% interest in Pangold S.A., a privately owned Panamanian gold company. The interest will be acquired in exchan…
Nugget completing joint-venture deal
By spending more than $500,000 on exploration work at Hawkins Hill at the Hill End gold property in New South Wales, Australia, Nugget Resources (ASE) has earned a 45% interest in the project.A drilli…
Teck buying stake in Diamond Fields
After weeks of speculation, a senior mining company has finally emerged and made a bid to acquire a piece of Canada’s hottest new base metal discovery.Mining conglomerate Teck (TSE) will purchase 3 mi…
Reno symposium attracts global crowd
It was yet another sign that North America’s mining industry is growing in scope when 1,200 explorationists from around the world converged on this gambling centre to attend a geological symposium.The…