News

New partners Piedmont Mining (NASDAQ) and Amax Gold (NYSE) recently signed a definitive joint venture agreement for the Haile property near Kershaw, S.C. Amax announced the purchase of a 67.5% interes…

More than US$440,000 has been spent by a unit of Kennecott during the past 18 months on exploration of the lead-zinc-silver Parranda Manto project at Chihuahua, Mex., Kalahari Resources (VSE) reports….

Well known mining engineer Richard (Dick) Murphy, long associated with the Newmont mining organization, has died at the age of 86 following a lengthy illness. A 1927 graduate of Harvard University and…

It was not a great week for the precious metals gold and platinum. The former fell by almost $10 while the latter succumbed to the protests of striking workers in South Africa. Although the gold price…

Week’s Price (US) Change Gold* $352.90 – $5.30 Silver* $ 3.88 – $0.06 Platinum* $377.35 + $3.35 Nickel** $ 3.34 – $0.03 Lead** $ 0.30 + $0.01 Copper $ 1.13 – $0.01 Zinc $ 0.61 $0.00 Courtesy of Scotia…

Drilling is expected to commence on the Woolgar copper property in the Northwest Territories in early August, reports Rhonda Mining (ASE). Noranda (TSE), as owner and operator of the 37,375-acre prope…

Recently cut loose by its parent, RTZ (NYSE) of London, Toronto-based Rio Algom (TSE) realized earnings of $8.2 million in the second quarter compared with $6.4 million for the same period of 1991. Ri…

An exploration program is under way at the More Creek property owned by joint venture partners Adrian Resources (VSE) and Hemlo Gold Mines (TSE). The polymetallic mineralization on the More Creek prop…

William McConnachie appointed director.

Harry Au elected director.

Clay Landa appointed vice-president and general manager.

Dan McFadyen appointed assistant deputy minister of resource policy and economics.