Winspear unable to locate Snap Lake feeder
Despite having completed a $3.2-million winter diamond exploration program in the Northwest Territories, Winspear Resources (WSP-V) has yet to ferret out a feeder system at Snap Lake.The bulk of the 6…
Articles by Northern Miner Staff
Meetings (May 18, 1998)
May 19, Caesars GoldMay 19, CampbellMay 19, DenburyMay 19, GoldbeltMay 19, Silver StandardMay 19, SummitMay 20, Athabaska GoldMay 20, Black MountainMay 20, Blue BirdMay 20, Canadian ShieldMay 20, Cork…
NEWS IN BRIEF (May 18, 1998)
Penn-Gold Resources (PNB-V) has changed its name to Moreno Ventures (MRV-V) on a 1-new-for-13-old-share basis.May 18-20 Geological Association of Canada, Mineralogical Association of Canada & Associat…
Oil woes cut into Denison profit — Construction decision imminent for McClean Lake plant
Denison Mines (DEN-T) attributes a drop in first-quarter revenue to a 33% reduction in the price of crude oil produced at the company’s Prinos offshore oil fields in Greece.Compounding the price drop …
ODDS ‘N’ SODS — Remembering Harry Warren
As an ex-student of Dr. Harry Warren, I read his recent obituary in The Northern Miner with nostalgic memories of my old mineralogy professor and mentor. This man probably had more influence on the co…
Madison raises $10 million for Papua New Guinea exploration
Madison Enterprises (MNP-V) has arranged a bought-deal private placement with Yorkton Securities to generate gross proceeds of $10 million.The investment dealer has agreed to purchase just under 5.3 m…
MINING MARKETS AND INVESTMENT NEWS — Treminco raises funds for Elkhorn
Among the juniors raising funds for work programs is Aur Resources (AUR-T), which has privately placed $250,000 with Patricia Mines (PAT-V).Patricia will use the money to explore its Island Gold proje…
QUERY — Scintilore toughs it out in court
I was wondering if you have any information on a company called Scintilore Explorations. I was wondering what kind of projects the company is involved with, and where it is currently exploring.Toronto…
MINING MARKETS AND INVESTMENTS NEWS — Investment Commentary — Cumberland deposits get nod from Wolverton
A research report by Tracy Hurley, mining analyst for Wolverton Investment Services, describes Cumberland Resources (CBD-T) as “undervalued” and a “speculative buy.”The report focuses on Cumberland’s …
TORONTO STOCK EXCHANGE INDICES (May 18, 1998)
1998May 12May 11May 8May 7May 6HighLowComposite “…
PRODUCER PRICES (May 18, 1998)
Aluminium: LME settlements US$1,1362.50, alloy US$1,266 per tonne (May 12/98).Antimony: Representative mid-market US$1,500 per tonne (May 12/98).Bismuth: Representative mid-market US$3.90 per lb. (May…
TSE SHORTS POSITIONS (May 18, 1998)
Short positions outstanding at April 30, 1998Larger individual positions included: Abacan Resource 146,100; Abitibi Consolidated 853,022; Agnico-Eagle Mines 370,955, up 240,255; Anderson Exploration 7…