News

Edward Mercaldo appointed executive vice-president and chief financial officer.

Week’s Price (US) Change Gold* $383.10 + $6.80 Silver* $4.68 + $0.21 Platinum* $419.50 + $10.50 Nickel** $3.47 + $0.22 Lead** $0.26 + $0.01 Copper $1.32 + $0.04 Zinc $0.46 + $0.01 Courtesy of Scotiaba…

Among the highlights of the 63rd annual convention of the Prospectors and Developers Association of Canada (PDAC), held recently in Toronto, was the presenting of awards to individuals and companies f…

Drilling has extended the Olcott zone at depth and in a southeasterly direction, Allegheny Mines (ASE) reports from its northwestern Ontario gold project. Six holes intersected the structure to a vert…

Mining giant Barrick Gold (TSE) has released the results from the first 1,927 metres of drilling on the Michaud claims north of Kirkland Lake, Ont. Three holes were drilled to test the Porcupine Desto…

Terry Owen appointed director of project engineering.

Gregory Crowe appointed vice-president of mineral exploration.

Junior Da Capo Resources (VSE) continues to work its Bolivian properties, with promising results. Assays from diamond drilling on the Capa Circa property include 126.4 metres of 0.98 gram gold per ton…

The acquisition of 68 claims in the Idaho cobalt belt expands the holdings of Formation Capital (VSE) at its Sunshine project. Three main target areas — Sunshine, Lion and Northfield — now combine t…

Bermuda-based Eldorado (TSE) has calculated a new estimate for reserves at La Colorada, an open-pit, heap-leach gold mine in Mexico’s Sonora state. The proven and probable figure for two deposits — E…

A large jump in metals and forest product prices resulted in a 2.2% increase in the Bank of Nova Scotia’s commodity price index in January, the sixth consecutive monthly gain. The bank’s all-items ind…

Randy Turner appointed president and director.