News

Mexico’s 1992 Mining Law, which went into effect in June and which regulates Article 27 of the country’s constitution, lays the groundwork for bolstering the industry and its competitiveness, without …

An agreement recently signed between CopperQuest (CDN) and Zacherra Holdings will give CopperQuest the option to purchase three mineral leases in Kidd Twp., Ont. The leases lie just west of ground hel…

Sentencing of those held responsible for a 1990 tailings spill near Elk Lake, Ont., has been postponed until the autumn. In July, Matachewan Consolidated Mines (TSE), its president Richard McCloskey a…

Calgary-based Flag Resources (ASE) says it has found surface iron and copper-sulphide mineralization within a 3,000 ft.-long airborne magnetic and coinciding VLF anomaly on its 24,000-acre Wanapitei h…

The Alberta Securities Commission (ASC) says it won’t prosecute in the case of a $34-million investor immigrant fund which left 230 Asian investors in a state of anger. Claude Resources (TSE) used the…

The wheels of justice move slowly, including that arm of the Ontario Securities Commission. In its press release of July 29, 1992, a public hearing was billed for Aug. 25 to consider, among other thin…

ALUMINUM: MW U.S. market US59.75-60.50 cents per lb. (Aug. 13, 1992). ANTIMONY: New York dealer US78-88 cents per lb. (Jun. 11, 1992). BISMUTH: New York dealer US$2.35-2.70 per lb. (Jun. 11, 1992). CA…

Semi-monthly reports as of August 15, showed 27,940,927 shares of 578 issues compared with 29,588,606 shares of 560 issues on July 31. Larger individual positions included: Aber Res. 108,800, up 45,40…

Stephen Roman, president of Exall Resources (TSE), says he did not exercise an option to buy all or part of Denison Mines’ (TSE) interest in Exall. Roman has decided instead to focus on raising funds …

Improper equipment and failure to test for poisonous gases were causes of the deaths of three prospectors in the Ontario bush this year. The circumstances of deaths are identical. On July 9, two men d…

Two recent holes drilled by Westmin Resources (TSE) returned ore-grade intersections from the Gap/Battle zone areas at the company’s Myra Falls mine property near Campbell River, B.C. Hole 15-463 retu…

The rush for diamonds in the Northwest Territories has claimed its first fatality. Howard Damron, a 48-year-old pilot flying under contract for Dia Met Minerals (VSE) and BHP Minerals Canada, was kill…