Venoro crews at work in Venezuela
A crew of more than 25 is busy exploring two concessions — El Placer and San Raphael — in the Venezuelan gold district of El Dorado. The effort is being managed by Venoro Gold (VSE), which earlier t…
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INSIDER TRADING — Two Agnico officers sell shares
Two officers of Agnico-Eagle Mines (TSE) excercised options and sold shares in October. According to the Ontario Securities Commission’s OSC Bulletin, officer John Clement sold 3,000 shares at $19 to …
Milling plans firm up at Albino
Crystallex International (VSE) has appointed consultants Paulo Abib and Kilborn Engineering to provide engineering and project management of a proposed mill at its Albino concession in Venezuela. Euru…
Westfield adds to cash position
Earnings of $453,000 for the nine months ended Sept. 30, 1993, have added to the fortunes of Westfield Resources (TSE). The debt-free company has cash and marketable securities totaling $24.3 million,…
ODDS’N’SODS — Names of glaciers explained
While working at the Granduc mine at the Portal Camp in British Columbia in the 1960s, I was surrounded by the vast glaciers: Berenden, Frank Mackie, Little Salmon, Chicomen and the Leducs. Upon viewi…
Metall’s quarterly report mixed
There was good news and bad news during the third quarter for Metall Mining (TSE). On the plus side, production of copper cathode from its 87.3%-interest in the Copper Range mine in Michigan increased…
Canyon drilling returns gold at Mtn. View
Drilling on the Mountain View property in northern Nevada has returned gold-mineralized intersections. Canyon Resources (NASDAQ) is earning a 60% interest from Independence Mining and expects to compl…
Tri Origin sets out exploration plans
Exploration programs for properties held by Tri Origin Exploration (TSE) were announced to shareholders and analysts at the annual meeting in Toronto. President Robert Valliant outlined a strategy of …
NovaGold samples high-grade zone
NovaGold Resources (TSE) is completing sampling, geophysics and geochemistry on its 70%-owned Pine Cove property, near Baie Verte, Nfld. Samples from the Romeo-Juliet structure have assayed as high 35…
Jordex rearranges private placement
A portion of Jordex Resources’ (VSE) previously announced private placement will not proceed. Instead, an aggregate of 500,000 common shares will be issued at 50 cents per share. The $250,000 raised w…
Negotiations at Giant begin again
The Canada Labour Relations Board has found that both Royal Oak Mines (TSE) and Local 4 of the Canadian Association of Smelter and Allied Workers (CASAW) bargained in bad faith during labor negotiatio…
Compromise may be coming over U.S. mining royalty plan
Reform of mining legislation in the U.S. reached a new stage recently when the House of Representatives voted in favor of imposing an 8% net smelter return (NSR) royalty on hardrock mining companies o…