News

Following the purchase earlier this year of a block of ground next to its Bald Mountain property in Nevada, Placer Dome (TSE) plans to buy all the remaining Alligator Ridge assets owned by USMX (NASDA…

Despite a faltering economy and declining metal prices, Noranda Minerals, a unit of Noranda (TSE), performed strongly in 1992. Net earnings of $79 million (10 cents per share) were posted last year, c…

Four holes have been drilled by Focal Resources (ASE) on a metallic mineral lease in northeastern Alberta. Each vertical hole, 50 ft. in length, encountered widespread mineralization. Significant inte…

John Zigarlick, former vice-chairman of Echo Bay Mines, will discuss the challenges of Arctic transportation at an April 30 luncheon here of the Canadian Institute of Mining, Metallurgy and Petroleum …

The Kori Kollo mine, owned by Inti Raymi, became fully operational in March, reports Battle Mountain Gold (NYSE) of Houston, Tex. Battle Mountain holds an 85% equity interest in Inti Raymi, its Bolivi…

World-renowned geophysicist and educator John Tuzo Wilson died recently in Toronto of a heart attack. He was 84. TWilson, a man of much energy, recently addressed a joint CIM-PDAC luncheon at this yea…

Two groups of people were recently invented and woven into the Canadian social fabric. One such group, “ordinary Canadians,” were discovered in the midst of a national election some years ago by the s…

Director Jacques Barbeau is one of several insiders who have sold shares of Glamis Gold (TSE) this year. According to the Ontario Securities Commission’s OSC Bulletin, Barbeau sold 15,000 shares of th…

Assays from a second drill hole at the El Oro gold project northwest of Mexico City have been released by joint venture partners Hillsborough Resources (TSE) and Industrias Luisman, S.A. de C.V. of Me…

First came La Colorada, then La Trinidad and now Los Duendes. Situated in Mexico, the three gold projects are being explored and advanced by Eldorado (VSE). The junior company is nearing commercial pr…

Calgary, Alta.-based junior Comstate Resources (ASE) is offering to buy the issued and outstanding shares of Comaplex Resources International (ASE) by way of a takeover bid. Comstate is offering: — $…

Partners Jonpol Explorations (TSE) and Perrex Resources (ASE) have reached an agreement to option their 211-claim property in Douay and Vezza twps., Quebec, to Soquem. The Quebec Crown mining explorat…