NEWS ROUNDUP — Orco, Metall in mill deal
Ore from the Donalda gold project of Orco Resources (ME) at Rouyn-Noranda, Que., will be treated at the nearby Norbec mill. Orco has signed a contract with mill owner Metall Mining (TSE) for two years…
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Scintilore planning to raise funds with placement
Toronto-listed Scintilore Explorations is hoping to raise $600,000 through a private placement. The placement, which has yet to be approved by regulators, would consist of 600,000 shares at $1 a piece…
Southern Copper spins diamond interest
Cobre Sul Mineracao, the Brazilian diamond exploration subsidiary of Southern Copper (VSE), will be spun off into a separately traded company. Southern Copper believes shareholder value and access to …
ODDS’N’SODS — The ongoing need for funds
(Editor’s Note: Raising funds for exploration and development can be difficult at the best of times, and in any century, as is evident from the following correspondence concerning The Alaskan Bonanza …
New NASDAQ trading rules
The National Association of Securities Dealers Automated Quotation (NASDAQ) is about to become a fairer market for individuals, thanks to rules approved by the Securities and Exchange Commission in th…
Wiens addressing uranium forum
Saskatchewan’s minister of environment and resource management will address the 19th annual symposium of The Uranium Institute on Sept. 8 in London, England. Berny Wiens will open the first session of…
Consumption should increase — Automobiles and their copper
Everyone knows that the copper radiator will soon be obsolete. Does this reflect an overall decline in the use of copper in the automotive industry? Not at all. Let’s look at the numbers. In its day, …
THE DIAMOND PAGE — De Beers’ Monopros backs four juniors in
Monopros, the exploration arm of De Beers, is expanding its presence in the Northwest Territories, currently the world’s hot spot for diamond exploration. In the first major partnership it has made wi…
STOCK MARKETS — TSE levels off after a rough ride
After losing ground for three consecutive weeks, the TSE 300 index has rallied and leveled off well above the psychologically significant 4,000-point support level. For the week ended July 5, the inde…
ICI pioneers blasting system
A new approach to blasting has led to a 25% increase in productivity, ICI Explosives Canada says. The company’s Underground Bulk Systems essentially provides a method for transporting new bulk explosi…
STOCK MARKETS — Western markets stage a modest rebound
Western markets managed to halt their slide and rebound slightly over the report period ended July 5, at a time when the gold price held steadily at the US$387-per-oz. level. The Vancouver Stock Excha…
Delgratia active in Nicaragua
Through a wholly owned subsidiary, Delgratia Developments (VSE) has opened an office in Managua to explore and develop six recently acquired properties in Nicaragua. The ground comprises 2,892 sq. km …