Int’l Platinum resumes trading
After several months of inactivity, shares of International Platinum (IPC) have resumed trading on the National Association of Securities Dealers Automated Quotation (NASDAQ). However, owing to what t…
News
BHP comes to Roost in Arizona
A US $25,000 second option payment will be made by BHP Minerals International to Excellon Resources (VSE) and MVP Capital (TSE) on their jointly owned Robber’s Roost copper project near Tombstone, Ari…
NEWS IN BRIEF (November 14, 1994)
Aurtec Mining Development (AUD.A:ME) has changed its name to Aurtec (AUD.A:ME) on a sh-for-sh basis.
Ethiopia seeking mineral investment
After 17 years of socialist rule and an ensuing civil war, the transitional government of Ethiopia is instituting a number of policies aimed at improving the political, social and economic sectors of …
Metal prices boost index (November 14, 1994)
A surge in the metal and mineral sub-index in September helped to push the Bank of Nova Scotia’s commodity price index higher. The all-items index rose 0.6% in September from August; it sits 10.4% hig…
Northgate owns Chilean mine
TSE-listed Northgate Exploration has assumed complete ownership of the Choquelimpie gold property in northern Chile. It increased its interest to 100% from 35% by acquiring the interests of its joint-…
GeoNova confirms gold zone in Quebec
At GeoNova Explorations’ (ME) Gander project in northwestern Quebec, stripping and channel sampling have confirmed the presence of two new gold zones. The first zone was the site of a discovery made e…
NEWS ROUNDUP — Drills turning at Galena Giant
Diamond drilling is under way on the Galena Giant property on the Idaho-Montana border. The work is part of a 50-50 joint venture between Arbor Resources (VSE) and Wealth Resources (VSE). The partners…
NEWS ROUNDUP — Noveder funding Nugget Pond work
Rouyn-Noranda-based Novender (ME) is busy raising money to finance a 10,000-ton bulk sample at its Nugget Pond gold property in Baie Verte, Nfld. A $1.1-million private placement has been completed, a…
Roycefield boosts its stake in Newfoundland antimony play
Alberta-listed Roycefield Resources has agreed to acquire the remaining half interest in the 1,920-acre Beaver Brook antimony property in central Newfoundland. To do so, it will issue 2.3 million trea…
Rayrock study finds Secret Pass deposit viable
An evaluation of the Secret Pass gold deposit near Beatty, Nev., calls for development of an open-pit, heap-leach mine, The deposit is part of the Daisy property, which is owned 75% by Rayrock Yellowk…
USMX advances Dewey deposit
A 28,000-ft. drill program consisting of 99 diamond drill and reverse circulation holes was completed by USMX (TSE) on its Dewey gold deposit at Thunder Mountain, Idaho. The program was successful in …