Solv-Ex under investigation in United States
A U.S. grand jury is investigating the possible manipulation of shares of Solv-Ex following a ten-fold increase in price during the past year.The probe follows an earlier investigation into the compan…
Articles by Northern Miner Staff
COMMENTARY — The resource sector and the budget
The Hon. Paul Martin, federal minister of finance, wrote the following at the invitation of Keep Mining In Canada, a national grassroots campaign designed to increase public awareness of the importanc…
Doromin’s Specogna is suspended by B.C. regulators
The British Columbia Securities Commission has prohibited Marino Specogna, a director of Doromin Resources (VSE), from participating in the securities market and acting as a director or officer of any…
South Atlantic gains rights to review Zairian prospects
An agreement with Sominex, a company based in Zaire, gives South Atlantic Diamonds (VSE) the exclusive right to review seven diamond mining prospects in West Kasai.The company is paying Sominex US$25,…
Monopros resumes work at Misty Lake
Exploration is about to begin on the 216,000-acre Misty Lake kimberlite property in the Northwest Territories.Monopros, which can earn an initial 51% interest by spending $4.7 million over five years,…
FINANCING (April 01, 1996)
Stampeder Exploration — 10,000,000 shs @ $5.00 per sh.
NEWS IN BREIF
Minerva Gold Mines (MVM:VSE) has changed its name to Consolidated Minerva Gold Mines (MNV:VSE) on a 1-new-for-3-old-share basis.
Stroud confirms extensions at Leckie
A drill program at the Leckie property near Temagami, Ont., has extended the strike length of the known gold mineralization to 365 from 330 metres.Ten diamond drill holes intersected mineralization wi…
Winspear begins spring drilling at Camsell
Using two rigs, Winspear Resources (VSE) has begun a 10,000-ft. drill program on the Camsell Lake diamond joint venture in the Northwest Territories.Winspear is the operator and holds a 32% interest i…
STOCK MARKETS — Golds gain ground to bolster TSE
The Toronto Stock Exchange was fractionally higher over the report period ended March 26, with the TSE 300 composite index adding 17.94 points to close at 4,985.21. Gold stocks were especially strong,…
Asquith raises exploration funds
A private placement by Asquith Resources (TSE) of 3 million special warrants has closed.Each special warrant was priced at $1 each and will be convertible into one unit consisting of one common share …
Getty raises funds for B.C. project
A brokered private placement of 3.7 million special warrants priced at $1.60 each has grossed $5.9 million for Getty Copper (VSE).Each special warrant is convertible into a unit, consisting of one sha…