News

Drill results from the True North property in Alaska continue to provide encouragement. La Teko Resources (VSE) reports that proven and probable reserves stand at 120,000 oz. It is hoped that, by the …

Infill and stepout drilling on the Casino gold-copper-molybdenum property in the southwestern Yukon is now finished. During this year’s program, Pacific Sentinel Gold (VSE) carried out 55,119 ft. of l…

Increased gold production, a higher gold price and a weaker Canadian dollar all enabled Hemlo Gold Mines (TSE) to increase earnings to $38.1 million (or 39 cents a share) for the first half of 1994 fr…

With a view to expanding its mining portfolio, junior gold producer Aur Resources has arranged to buy 48.3% (or 14.4 million shares) of Canada Tungsten (TSE) from Cyprus Amax Minerals (NYSE). Cyprus e…

Drilling is under way on the ZO property in northwestern British Columbia. Owner Firesteel Resources (VSE) plans to drill 10 holes to test a shear zone measuring at least 360 metres long and up to 15 …

Week’s Price (US) Change Gold* $387.00 + $0.60 Silver* $ 5.32 $0.00 Platinum* $423.00 + $9.15 Nickel** $ 2.77 – $0.12 Lead** $ 0.26 – $0.01 Copper $ 1.09 – $0.07 Zinc $ 0.43 – $0.02 Courtesy of Scotia…

London Metal Exchange Spot closing prices in $US per tonne Date July 26 July 25 July 22 June 21 July 20 Copper 2479-2480 2520-2522 2506.5-2507.5 2531-2532 2533-2534 Lead 576.5-577.5 583-584 575.5-576….

To focus exploration efforts outside of North America, International Gold Resources (TSE) is selling its two advanced projects in Idaho. At the Humbug property, a “geological resource” of 27 million t…

The recent agreement between De Beers Consolidated Mines and junior companies Mill City Gold Mining (VSE) and Tanqueray Resources calls for De Beers to subscribe for $2 million in common shares of Mil…

Peter Christopher appointed director.

D.C. Deacon elected director and appointed president and chief executive officer.

Chet Idziszek appointed president and chief executive officer.