PEOPLE — DOLLY VARDEN
Raymond Davies appointed director.
News
METAL PRICES — FREE MARKET (May 30, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date May 24 May 23 May 20 May 19 May 18 Copper 2296-2298 2278-2280 2223-2224 2246-2123 2202-2203 Lead 486.5-487.5 484.5-485.5 477-478 475-477…
THE DIAMOND PAGE — Marine diamond concession in S.W. Africa
Globe-trotting BHP Minerals plans to increase its exposure to diamonds by participating in a new joint venture aimed at exploring and developing a marine concession in Namibia. The offshore property, …
INSIDER TRADING — Caledonia officers exercise options and
A director and a senior officer of Caledonia Mining (TSE) exercised options and sold shares in March and April. According to the Ontario Securities Commission’s OSC Bulletin, director Walter Forrest e…
NEWS ROUNDUP — Glamis posts higher quarterly profit
Producer Glamis Gold (TSE) posted a 12 cents-per-share profit for the third quarter of fiscal 1994, compared with 1 cents per share in the same period of the previous year. The increase is largely due…
STOCK MARKETS — Western markets respond to firmer gold
Further strength in the price of gold helped to turn western markets around, with the Vancouver Stock Exchange resource index posting a 26.24-point gain to 1,671.27. The composite index also closed hi…
OPAP, OMIP funds allocated
The Ontario Prospectors Assistance Program (OPAP) has provided funding for 215 projects this year. The Ministry of Northern Development and Mines says $2 million was allocated to OPAP for 1994. The mi…
Nominations sought for Hall of Fame
The Canadian Mining Hall of Fame has issued its yearly call for nominations, which will lead to the induction of a new group of individuals early in 1995. These future inductees will be honored at a d…
Orleans starts study of wollastonite play
A feasibility study has been commissioned for Orleans Resources’ (ME) St. Onge Twp. wollastonite property near Lac St. Jean, Que. The decision was made following the release of a prefeasibility study …
LAST BUT NOT LEAST — Northern Crown sizes Guadalupe
Having drilled a total of 4,618 metres in 53 holes, Northern Crown Mines (VSE) estimates the geological resource of its Guadalupe property in Mexico to be 4.75 million tonnes grading 1.53 grams gold p…
Viceroy posts record production
A 44% increase in gold production from the Castle Mountain mine has enabled Viceroy Resource (TSE) to post earnings of $11.25 million for the year ended March 31. The figure is more than double the $5…
LAST BUT NOT LEAST — Golden News gears up development
Junior Golden News Resources (VSE) has commissioned an Arizona-based firm to engineer and construct the Luz del Cobre copper project in Mexico’s Sonora state. M3 Engineering & Technology of Tucson wil…