STOCK MARKETS — Toronto market waits it out
The Toronto Stock Exchange finished a sleepy week virtually unchanged, as traders waited on a possible interest rate cut. The TSE 300 composite index rose 0.1% or 8.9 points to close at 5,069.55 on Ju…
Articles by Northern Miner Staff
INSIDER TRADING — Asia Pacific officers sell large holding
The Ontario Securities Commission reported insider trading by directors of Asia Pacific Resources (APQ-T) during March and April.According to the Commission’s weekly OSC Bulletin, President G.D. Wrigh…
Eldorado options Miranda ground
The wholly owned Mexican subsidiary of Eldorado (ELD-T) has signed an option agreement with Miranda Industries (MAD-V) on that company’s La Rastra project in Sinaloa state, Mexico.Eldorado can earn a …
Pursuit expands in Indonesia
A recent land acquisition program has made International Pursuit (IPJ-T) one of the largest landholders in Indonesia.Pursuit has acquired 3.2 million hectares of exploration land in 14 separate contra…
Magna begins Mexican drilling
A 40-hole drill program is under way on the contiguous Martinica and Aguila properties in Mexico’s Chihuahua state.Consolidated Magna Ventures (CMV-V) intends to test at least eight different showings…
Goldstake sampling gold prospect
Sampling is under way on its 278,500-hectare property in eastern Kalimantan, Indonesia, reports Goldstake Explorations (GXP-T).Goldstake established its initial targets based on downstream recoveries …
Chance boosts Indonesian holdings
Indonesia’s mineral potential continues to attract Chance Mining & Exploration (CHMG-C), which has acquired the East Salopa gold property in western Java.The property lies in the Tasikmalaya gold dist…
Hemlo, Gowest begin drill program
Partners Gowest Amalgamated Resources (GWA-A) and Hemlo Gold Mines (HEM-T) have begun follow-up drilling on the Denton Twp. property, 40 km southwest of Timmins, Ont.The property, 3 km west of the rec…
Drilling confirms grades at Koktasjal
With the grades confirmed at the Koktasjal deposit, development is expected to proceed at Ursa Major International’s (URSA-C) copper-gold project in central Kazakhstan.During the 1960s, Soviet geologi…
Cambior a leading zinc producer in Quebec
Although production has already started, Cambior (CBJ-T) took time out recently to inaugurate the Gonzague Langlois zinc mine in northwestern Quebec.The celebration, which took place in a large tent e…
PEOPLE — SME
John Burst appointed president.
Corner Bay funds drill program
Proceeds of a rights offering will enable Corner Bay Minerals (BAY-T) to finance a 2-phase drill program on the San Martin oxide copper project in Chihuahua, Mexico.Under the rights offering, Corner B…