News

I have met and worked with many geologists during my tenure in mining. These much-respected professionals possess many outstanding characteristics, not the least of which is determination. One geologi…

Industrial metals markets declined worldwide throughout most of 1992 but steadied near year-end and increasingly appear poised for recovery in 1993. Metal prices and stocks are at levels that should e…

A resource map, recently released by the Mexican government, re-charts the country’s mineral deposits, says the Mexican Investment Board. The fifth version since 1889, it is the first to have used sta…

Drilling and trenching are continuing at the Penjom gold property owned by Avocet Ventures (VSE) in Malaysia. The company reports that trenching extended the strike length of a previously identified g…

Six new massive sulphide prospects were acquired by Ecstall Mining (VSE) in the northern Kechika Trough of northeastern British Columbia. All six “sedex” massive sulphide properties are underlain by t…

At the northern tip of Quebec’s Ungava Peninsula, the Raglan project is under vigorous study by owner Falconbridge Ltd. “Raglan has the potential to replace the decline in our ore reserves elsewhere a…

Shareholders of Canada Tungsten Mining, Canamax Resources and Minerex Resources approved an amalgamation plan at special meetings held recently in Toronto. With court approval also in hand, the compan…

ALUMINUM: MW U.S. market US57-58 cents per lb. (Dec. 25, 1992). ANTIMONY: MW New York dealer US78-88 cents per lb. (July 30, 1992). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (Jun. 11, 1992). CA…

Despite a dip in the price of gold and disappointing results from the group of Northwest Territories diamond explorers, the Vancouver Stock Exchange remained little changed during the week ended Jan. …

A deadline to complete $400,000 of feasibility-related expenditures at the Keystone joint venture at Lynn Lake, Man., was recently extended to March 31, 1993, from the end of 1992. The deadline is par…

Asset writedowns totalling about US$14 million are expected to be released by Canyon Resources (NASDAQ) for its 1992 fourth quarter ended Dec. 31. The Colorado-based company said the writedowns reflec…

During the last week of November, when the shares of Skyline Gold (VSE) soared to $1.15 cents from 30 cents, director and majority shareholder Ronald Shon sold a small portion of his indirect holdings…