EDITORIAL PAGE — Matkin and the market
On the face of it, it’s odd that the Vancouver Stock Exchange should be scrutinized by a government-appointed commission in the very year it posts all-time records for both volume and value ($6.7 bill…
1994
NEWS ROUNDUP — Caribgold adds to Cuban holdings
CDN-listed Caribgold Resources has been granted prospecting and exploration rights to 2,000 sq. km in east-central Cuba. The agreement was reached with Geominera S.A., a Cuban state company, and is ex…
Mexican gold project — Manhattan’s Moris ready for
Encouraged by the findings of an independent feasibility report, Manhattan Minerals (VSE) has set about arranging financing to bring a Mexican gold project into production. The Moris project, in the n…
ANC would restructure South Africa mining
A draft proposal of the African National Congress (ANC) to restructure South Africa’s mining industry is, in effect, a attempt at “nationalization” and would discourage foreign investors, according to…
Inter-Rock strikes gold at Daisy
Eight reverse circulation holes of a 21-hole program on the Secret Pass deposit, part of the Daisy Gold project in southern Nevada, have been completed by Inter-Rock Gold (TSE). Of the eight holes dri…
PRODUCER PRICES (January 31, 1994)
ALUMINUM: MW U.S. market US55.25-56.25 cents per lb. (Jan. 13, 1994). 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, 19…
Hendricks merging with Everdeen
Inactive Everdeen Resources has agreed to amalgamate with privately owned Hendricks Minerals of Canada. Before the amalgamation can take place, Hendricks must first obtain ownership of the issued and …
$5.5 million alloted for Golden Bear
About $5.5 million will be spent on a 3-phase program to explore the Golden Bear property in northwestern British Columbia. The property is owned by North American Metals (VSE) which, in turn, is 81% …
Raymor raises project funding
Proceeds from a $250,000 private placement will be used for exploration and definition drilling of a La Motte Twp. lithium property northwest of Val d’Or, Que. Raymor Resources (ASE) says previous wor…
Armistice, Dynatec settle
Toronto-based Armistice Resources (ME) and its principal creditor have announced a settlement to their legal differences. Dynatec Mining, which was owed more than $2.1 million, will receive $450,000, …
Asia Minerals to evaluate polymetallic project in China
An agreement with Chinese officials allows Asia Minerals (ASE) to evaluate yet another polymetallic mineral project in the Asian country. During the past few years, the junior has evaluated several mi…
Mexican mining industry to benefit from NAFTA
The creation of freer trade among Mexico, the U.S. and Canada will require that mining companies in the Latin American country become more efficient and productive, according to a study. In an analysi…