The so-called “underground economy” is estimated to be about one-fifth the size of its legitimate counterpart. Considering that the average Canadian pays 45% of his or her salary in various taxes (inc…
On Dec. 3, the Resident Geologist’s office in Wawa became a historical artifact of the Ontario Ministry of Northern Development and Mines. In spite of the valuable contribution it was making to explor…
William Kraus appointed director; Robin Lockhart appointed chief financial officer.
ALUMINUM: MW U.S. market US51.25-50.25 cents per lb. (Dec.2, 1993). 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, 1993…
London Metal Exchange Spot closing prices in $US per tonne Date Dec. 14 Dec. 13 Dec. 10 Dec. 9 Dec. 8 Copper 1723-1724 1747-1749 1717-1718 1677-1678 1674-1675 Lead 463-464 473-474 459-460 456-457 447-…
Toronto-based junior Menora Resources (ME) has closed a private placement with parent Altai Resources (TSE). The placement, consisting of 1.6 million shares at 20 cents each, is expected to net $320,0…
A private placement of special warrants will give Carson Gold (VSE) additional funds to acquire properties in Latin America. The company reached an agreement with Burns Fry (which will act as lead bro…
Findore Minerals (CDN) has acquired three properties in the Shining Tree area of northeastern Ontario. To earn its 100% intereset, the junior must issue 100,000 common shares within 18 months and pay …
Underground drilling at the 1100 lens project in northwestern Quebec indicates mineralization continues at depth. The project, owned by Audrey Resources (ME) and Metall Mining (TSE), is undergoing exp…
Toronto-listed Granduc Mining has acquired Golden Band Resources’ (VSE) option to acquire Mingold Resources’ 44.8% interest in the Farley Lake joint venture. Purchase price: $500,000 payable in Grandu…
U.S. base metal producer Asarco (NYSE) is joining forces with Grupo Industrial Minera Mexico. An agreement will enable Grupo to merge with Mexico Desarrollo Industrial Minero S. A. de C. V. (MEDIMSA),…
Junior Minera Rayrock (TSE) is issuing a private placement of 8 million special warrants. Each special warrant, priced at $2.50, will entitle the holder to recieve one subordinate voting share of the …
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