NEWS ROUNDUP — Holmstead options DKO property
An option agreement allowing International Holmstead Resources (VSE) to acquire the DKO property in northeastern Ontario has received regulatory approval. The 800-claim property is in Gauthier Twp., n…
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PRODUCER PRICES (May 16, 1994)
ALUMINUM: MW U.S. market US60.75-61.75 cents per lb. (April 21, 1994). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.65 per lb. (Sept. 23, 1…
Active trading in Int’l Platinum
Shares of Toronto-listed International Platinum Corp. (IPC) appear to have regained their investor appeal. For the week ended May 10, nearly 5.1 million IPC shares traded hands, with the stock moving …
PEOPLE — GALA RESOURCES
Gregory Law appointed president and director; Irene Kally Tseng appointed chief executive officer and director.
PEOPLE — CANADIAN OVERSEAS
Granville Taylor appointed director.
ODDS ‘N’SODS — My first job promotion
I toiled hard and endlessly in the junior ranks of mines and often wondered when I would qualify for a posting to the upper echelon. Then one day I was summoned to the Big Office. The boss looked over…
THE DIAMOND PAGE — BHP Minerals launches mine feasibility
Canada could become the world’s newest diamond producer in early 1997 — assuming positive results are reported in a feasibility study on properties held by BHP Minerals and Dia Met Minerals (TSE) in …
Homestake active in Venezuela
San Francisco-based Homestake Mining (NYSE) is planning exploration and drilling for several newly acquired gold properties 25 km northwest of Venezuela’s Kilometre 88 district. Through a bidding proc…
STOCK MARKETS — Heavy trader Tenajohn slides 70 cents on
Western markets took it on the chin over the week ended May 10, despite a rebound in gold to US$380 per oz. The Vancouver Stock Exchange resource index lost more than 30 points to close at 1,044.91, w…
Chase amends option on Philippine company
An option to acquire a 59.9% interest in the Philippine company Taysan Copper has been amended to the benefit of Chase Resource (TSE). The amendment extends to May, 1997, the deadline for the final pu…
Juniors continue land grab in Fort MacKay region
Several juniors are continuing to add to their land positions near Fort MacKay in northeastern Alberta. Interest in the region began growing last spring after Focal Resources (ASE) announced that it h…
Pegasus growth tied to international plays
Growth in reserves and output is the name of the game in the gold mining business. Pegasus Gold (TSE) plans to achieve this growth by combining grassroots exploration with participation in advanced de…