News

Paul Morgan appointed president.

Bernard Trister appointed vice-president.

Toronto-listed Greenstone Resources (TSE) is encouraged by a 2,500-metre program on its San Andres gold project in Honduras. The drilling was carried out to prove up the known resource, which stands a…

Panteli Tsaparas appointed director.

Copper-gold mineralization has been intersected on Big Valley Resources’ (ASE) Lloyd-Nordik property near Likely, B.C. Hole 94-04 contained a 186.3-metre interval grading 0.31% copper and 0.005 oz. go…

Under an agreement with a Ukrainian state mining company, CDN-listed Hol-Lac Gold Mines can explore and develop several gold properties in northern Ukraine. Hol-Lac plans to review geological and assa…

The 1994 field program at the Seneca massive sulphide project, 65 miles east of Vancouver, B.C., is under way. Metall Mining, the operator, is earning up to a 60% interest in the project from Internat…

The highlight of British Columbia’s Mining Week (May 23-27) was the opening of Mining House, which combines three associations under one roof to increase public service. The ribbon-cutting ceremony on…

Following a 4-month due diligence review, Pegasus Gold (TSE) has decided not to acquire El Condor Resources (VSE). Pegasus had offered to buy all the outstanding shares of El Condor for $7.50, payable…

A 175-hole reverse-circulation program is under way on the Tacaza oxide copper project in southeastern Peru. Owner Kookaburra Resources (VSE) has completed two column tests, both of which returned rec…

By acquiring a 75% interest in the Oteros project in western Chihuahua state, Levelland Energy & Resources (VSE) has involved itself in a fourth property in Mexico. The cost of the 75% interest is $8,…

Despite downward pressure from rising interest rates and falling bond prices, the Toronto Stock Exchange (TSE) still managed to gain ground over our report period, ended May 31. On May 31, the Bank of…