News

Continuing operating problems have pushed Amax Gold (NYSE) further into the red. With third-quarter losses of US$7.4 million, the total loss for the first nine months of the year stands at US$75.9 mil…

Nova Scotia’s mining industry has suffered a series of debilitating blows in the past few years. In terms of human tragedy, the absolute bottom came with the explosion at the Westray coal mine which k…

Auger sampling has begun at the Guarimba property in the Kilometre 88 region of southeastern Venezuela. By paying US$3 million cash, Canarc Resources (VSE) can buy the Venezuelan company which owns th…

Montreal-listed Chesbar Resources has outlined several gold anomalies on two projects it operates in northern Venezuela. On the 2,000-hectare LaSalle project, in the Anacoco camp, a well-defined, gold…

ALUMINUM: MW U.S. market US51.0-51.5 cents per lb. (Nov. 25, 1993). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.65 per lb. (Sept. 23, 1993…

To increase reserves, Inter-Rock Gold (ME) is drilling on the Daisy gold project in southern Nevada. The 20-hole reverse circulation program will total 11,000 ft. The cost will be US$300,000. The comp…

Under an option agreement, Chase Resource (TSE) can acquire an interest in the T’Boli gold exploration project on the Philippine island of Mindanao. Chase can acquire up to a 75% interest in Lemura Mi…

A rescue effort to find two miners trapped underground at the Macassa gold mine of Lac Minerals (TSE) west of Kirkland Lake, Ont., continued at presstime. The pair, identified as Robert Sheldon, 34, a…

The Chamber of Mineral Resources of Nova Scotia is establishing an annual Media Award to be given to writers who present the province’s mining industry in a favorable light. The Chamber plans to prese…

John Geller appointed vice-chairman.

S. Ogryzlo and Peter Bedford elected directors.

Gordon Bub appointed director and officer; Rene Galipeau appointed chief financial officer.