News

The Las Lomas prospect in northern Peru is the subject of an option agreement between Britannia Gold’s (VSE) half-owned Peruvian subsidiary, Minera Britannia Gold, and Noranda (TSE). By financing expl…

Diamond drilling on the Chachacomiri silver-gold-tin property near Potosi, Bolivia, should be completed by March. Partners Rio Amarillo Mining (VSE) and Cominco Resources International (TSE) expect to…

Mineral royalty corporation Redstone Resources (TSE) has bought an additional 0.375% net smelter return (NSR) royalty interest in the Robinson copper project near Ely, Nev., for US$2.5 million. The pr…

At long last, Falconbridge (TSE) is drawing up plans to develop its Raglan nickel project on the Ungava Peninsula of northern Quebec. However, development is contingent upon completion of related agre…

The west-coast city of Vancouver will play host Oct. 16-20 to Industrial Minerals ’95, a 3-day conference to be sponsored by Blendon Information Services, the British Columbia Ministry of Energy, Mine…

Anthony Petrina and William Stanley appointed directors.

George Faulkner appointed director.

Alex Bissett appointed president.

Junior diamond explorer United Reef (TSE) will issue a convertible debenture to South African diamond miner Trans Hex Group for up to $4 million. The debenture is convertible at the rate of one common…

An unexpected increase in the U.S. jobless rate in January brought investors back to the markets, which helped the Toronto Stock Exchange post a significant gain over the 5-day report period ended Feb…

The downtrend in western markets remains intact, with the Vancouver Stock Exchange resource index losing more than 21 points during the week ended Feb. 7 to close at 1,148.40. The composite index fare…

Preliminary development is under way at the Mammoth mine in the Tintic mining district near Salt Lake City, Utah. The rehabilitation of underground tunnels from the 300-ft. level to surface is allowin…