News

In return for up to a 5.5% net smelter return (NSR) royalty, Alban Exploration (VSE) recently optioned its Red Rock property in Ladner Cty., Nev., to Placer Dome (TSE). Under the terms of the agreemen…

Phelps Dodge Corp. of Canada, a unit of Phelps Dodge (NYSE), has optioned the Nine Mile Brook base metal property in New Brunswick from Corner Bay Minerals (TSE) and joint venture partner Roycefield R…

The Calgary Mineral Exploration Group Society is seeking speakers and exhibitors for its second Calgary Mining Forum to be held March 3-4. The theme of this year’s conference is “Mineral industries –…

William Campbell, Nick deMare and Dennis Russell appointed directors.

Michael Pilgrim appointed director.

I. Pasternak appointed director.

Wayne Murdy elected senior vice-president and chief financial officer.

A $1-million private placement, subject to shareholder approval, is planned by Aronos Multinational (CDN) for its gold project in the Mexican state of Sonora. The placement will involve the issue of o…

The average daily trading volume on The Toronto Stock Exchange surged to about 50 million shares during the week ended Jan. 12, compared with 30-35 million shares on any given day last year. Market wa…

Continued weakness in diamond-related issues after the previous week’s selloff hampered western markets during the period ended Jan. 12. The Vancouver Stock Exchange resource index was left unchanged …

A policy of privatization by the Swedish government has placed Geonics Ltd. of Mississauga, Ont., on the sales block. Geonics is wholly owned by the SGAB Group, a state-controlled Swedish enterprise c…

Drilling on the Macuelizo gold-oxide project in Honduras recently returned encouraging results for owner Melinga Resources (VSE). One hole in a previously untested zone known as the Sugar Loaf Hill re…