News

Barry Ching appointed director.

Jenny Chan and Patrick Devlin appointed directors.

A shallow hole on World Wide Minerals’ (TSE) Easter project, 110 miles northeast of Las Vegas, Nev., has intersected a wide zone of gold mineralization. Hole E94-8 cut a 90-ft. interval averaging 0.19…

ALUMINUM: MW U.S. market US64-65 cents per lb. (May 19, 1994). ANTIMONY: MW New York dealer US$1.40-1.60 per lb. (May 12, 1994). BISMUTH: MW New York dealer US$2.35-2.65 per lb. (Sept. 23, 1993). CADM…

Richard Kraus appointed chief executive officer and Robert Armstrong appointed chief operating officer.

The Beartrack gold project in Idaho is now wholly owned by FMC Gold, an 80%-held subsidiary of FMC Corp. (NYSE). FMC acquired 71% of the project as part of its 1990 acquisition of Meridian Gold. In la…

Highland Valley Copper posted sales of $274.3 million for 1993, down from $373.9 million reported for 1992. The decrease is mainly due to lower copper prices. The open pit, near Logan Lake, B.C., prod…

Resources giant Noranda (TSE) is hoping to raise US$300 million through a 10-year debenture offering. Proceeds from the 818% debentures (to mature June 15, 2004) will be used, in part, to buy addition…

Drilling by Teck (TSE) will test extensions of known copper mineralization, as well as new targets, on the Rainbow claim group optioned from Getchell Resources (VSE). The major can earn a 70% interest…

Toronto-based Minefinders (VSE) will not proceed with the previously announced “best efforts” private placement through Canaccord of 500,000 units at $4.20 per unit. The junior says it is well funded …

Shares of Canmine Resources have begun trading on the Alberta Stock Exchange, having been previously listed on the Canadian Dealing Network. Later this month, Canmine hopes to drill a new target on it…

The Africa Emerging Markets Fund is expected to be fully invested by the end of 1994. The fund, which will invest primarily in equity and equity-related securities, was created during the second half …