Denison rejects share redemption
The board of directors of former uranium producer Denison Mines (TSE) has determined that it cannot redeem (as of Sept. 15) any of its Series B preferred shares and that no payment will be made at thi…
News
Petroleum the mainstay of Venezuelan economy
The gold industry may be the next mineral sector to give Venezuela a boost, the South American country’s economy having been driven for many years by petroleum exports. Mainly because of its oil and g…
MSV again boosts reserves
As a result of a $5.2-million exploration program, MSV Resources (TSE) has once again increased reserves at its Chibougamau operations in northern Quebec. The Portage and Copper Rand mines have a comb…
venezuelan nickel deposit at the feasibility stage
A feasibility study is nearing completion for the Loma de Hierro nickel laterite deposit, 50 km southwest of Caracas, Venezuela. About a year ago, Jordex Resources (TSE) signed an agreement allowing A…
EDITORIAL PAGE — Minesite exploration pays off
Grassroots exploration is on the decline in most parts of Canada, and one of the main reasons for this disturbing trend is that companies are not certain they will be able to mine what they find. We a…
Gregor to drill Hemlo area bet
An 8-week drill program will begin shortly on Gregor Goldfields’ (CDN) gold property near Hemlo, Ont. This program will test two targets — the South Lake and North Hill areas — which are about 1,600…
American active at San Gregorio
With development permits in hand, American Resource (USOTC) is proceeding with engineering work on its San Gregorio gold project in Uruguay. The contract will entail fine-tuning the open-pit plan, dev…
DIAMOND SPECIAL — Brazil, Guyana and Venezuela — Southern
Diamonds were first discovered in Brazil in 1725, and the Latin American country soon replaced India as the most important global source of diamonds. Brazil remained the primary diamond source until t…
Waddy Lake encouraged by bulk sample results
Toronto-listed Waddy Lake Resources has completed test mining and milling programs to determine the continuity and consistency of mineralization at its Komis gold deposit in northern Saskatchewan. The…
DIAMOND SPECIAL — Assessing the value of an exploration
Attempts to value exploration properties prior to the actual discovery of a mineral deposit are highly subjective exercises. The foremost problem is to assess the probability that a particular area do…
Strong physical demand for metals continues
Base metal markets continued their upward thrust in September as investors bought and bought, ignoring any simultaneous rise in inventories on the London Metal Exchange (LME). Strong physical demand r…
NEWS IN BRIEF (September 26, 1994)
New Aegis Resources (NAS:VSE) and Nucore Resources (NCR:VSE) have amalgamated to form Norcan Resources (NRE:VSE). New Aegis shareholders will receive one new share for 1.3 old shares; Nucore sharehold…