News

Bernard Ouellette, Christopher Begin and Stanley Dzuba appointed directors.

Richard Pearson appointed director.

Charles Hutton appointed director.

Richard Hughes appointed director.

Jose Fernaguera and Mario Szortlender Rajs appointed directors.

Canadian companies continue to explore for diamonds both in Canada and abroad: Northwest Territories: — Fortune Minerals (CDN) has acquired a 50% interest in 20,144 acres in the Lac La Martre area, n…

Under a share purchase warrant, Teck (TSE) has acquired 31,600 shares of Arauco Resources (VSE), a junior company exploring properties in southern Chile and Argentina. The shares were acquired for “in…

Following up a multi-element geochemical anomaly identified by the Canadian International Development Agency, Trev Corp. (ASE) has discovered high-grade copper mineralization at its Golden Spring prop…

After steadily rising over the past few weeks, the price of gold has settled to above US$350 at press-time. But, the question on everyone’s mind is whether the yellow metal can hold the recent gains. …

A 47-tonne sample from the A-4 kimberlite pipe near Kirkland Lake, Ont., has yielded two gem-quality diamonds weighing 0.135 and 0.074 carats respectively, reports Regal Goldfields (CDN). Interested o…

Net income of $3.4 million was reported by Prime Resources Group (VSE) for the 9-month period ended Dec. 31, 1992. Prime’s 40% share of production from the Snip mine in Northern British Columbia for t…

Toltec Resources Ltd. (TOL:VSE) has changed its name to Canso Explorations Ltd. (CSE:VSE) with a consolidation of capital on a 1-new-for-5-old-share basis. The transfer agent is Pacific Corporate Trus…