Int’l Platinum resumes trading
After several months of inactivity, shares of International Platinum (IPC) have resumed trading on the National Association of Securities Dealers Automated Quotation (NASDAQ). However, owing to what t…
1994
BHP comes to Roost in Arizona
A US $25,000 second option payment will be made by BHP Minerals International to Excellon Resources (VSE) and MVP Capital (TSE) on their jointly owned Robber’s Roost copper project near Tombstone, Ari…
NEWS IN BRIEF (November 14, 1994)
Aurtec Mining Development (AUD.A:ME) has changed its name to Aurtec (AUD.A:ME) on a sh-for-sh basis.
Ethiopia seeking mineral investment
After 17 years of socialist rule and an ensuing civil war, the transitional government of Ethiopia is instituting a number of policies aimed at improving the political, social and economic sectors of …
Metal prices boost index (November 14, 1994)
A surge in the metal and mineral sub-index in September helped to push the Bank of Nova Scotia’s commodity price index higher. The all-items index rose 0.6% in September from August; it sits 10.4% hig…
Northgate owns Chilean mine
TSE-listed Northgate Exploration has assumed complete ownership of the Choquelimpie gold property in northern Chile. It increased its interest to 100% from 35% by acquiring the interests of its joint-…
GeoNova confirms gold zone in Quebec
At GeoNova Explorations’ (ME) Gander project in northwestern Quebec, stripping and channel sampling have confirmed the presence of two new gold zones. The first zone was the site of a discovery made e…
Major Gen. hits massive sulphides
The first hole of a drilling program at the Rendell-Jackman project in Newfoundland intersected 38 metres of zinc-lead-copper massive sulphide mineralization. Major General Resources (VSE), owner of t…
Nunaoil discovers Greenland gold
Danish-based Nunaoil A.S. has struck gold on the island of Storo, in the Nuuk region of Greenland. Sampling delineated a gold-mineralized structure in Archean supracrustal rocks. The mineralized zone …
Fancamp explores Quebec property
Junior Fancamp Resources (VSE) has acquired a 34-claim copper property at Baie-Johan-Beetz, near Havre-St. Pierre on Quebec’s northern shore. The company is looking for large-tonnage copper mineraliza…
New calendar offered for sale in Territories
Orders are being taken for the Yellowknife Women Geoscientists 1995 Calendar. Proceeds will go to the Walter Gibbins Memorial Fund, which is used to promote earth science education in the Northwest Te…
Nickel production costs falling
Nickel production costs have fallen for three consecutive years and are set to decline further in the period 1995-1997, says British research firm Brook Hunt & Associates. In its publication Nickel In…