Campbell Res. raises funds for acquisition
Campbell Resources (TSE) has agreed to sell between 12 million and 18 million units at US$1.25 each.A unit will consist of one common share and a half-share purchase warrant. A full purchase warrant w…
Articles by Northern Miner Staff
NEWS IN BRIEF (February 12, 1996)
Arbor Resources (AOR: VSE) has changed its name to Klondike Gold (KG:VSE) on a 1-new-for-10-old-share basis.
STOCK MARKETS — Golds shoot skyward as bullion price jumps
The Toronto Stock Exchange continued to set records during the report period period Jan. 31 to Feb. 6, with resource stocks making strong gains. The TSE 300 composite index rang up a 61.6-point (1.2%)…
Britannia stakes Romy claim
The Peruvian subsidiary of Britannia Gold (VSE) has staked a 28-sq.-km land package near Arequipa Resources’ (TSE) Pierina property, about 300 km north of Lima.Named the Romy claim, it covers a sectio…
Drilling planned at Bend deposit
The joint venture of Sharpe Energy & Resources (CDN), Freewest Resources Canada (TSE) and Cyprus Amax Minerals (NYSE) will drill an electromagnetic (EM) anomaly 3.7 km northeast of the Bend massive su…
METAL PRICES (February 12, 1996)
London Metal ExchangeSpot closing prices in $US per tonneDateFeb. 5Feb. 4 Feb. 2Feb. 1Jan. 31Copper2685.5-2670.52562-2564 2576-25782589-25912564-2566Lead759-761 767.8-768.5 768-769777.5-…
Moneta completes private placement
Moneta Porcupine Mines (TSE) has placed 2.4 million units, consisting of two shares and one purchase warrant each, with European institutions, for gross proceeds of $2.9 million.The warrants are exerc…
METALS AND MINERALS — Coal industry gears up for second export boom
Coal is a mineral commodity that rarely captures the interest of investors and mining analysts. That perception may change now that the outlook coal markets is improving in response to economic activi…
Index (February 12, 1996)
REGULAR DEPTS.CareersClassified AdvertisingCommentaryDiamond DrillersEditorialsMetal PricesMetals and MineralsOdds `n’ SodsPeopleProfessional DirectoryStock MarketsSubscriber Service…
Pentland ponders underground programs in Hoyle Twp.
With three gold properties taking shape near the Bell Creek mine in northeastern Ontario, Pentland Firth Ventures (TSE) is formulating underground programs, to be implemented in the third quarter.Gold…
Ore outlined at Cerro San Pedro
A prefeasibility study on the Cerro San Pedro heap-leach gold-silver project in central Mexico has outlined nearly 2 million oz. gold-equivalent.Owner Metallica Resources (TSE) estimates a preliminary…
CaribGold surveys Cuban properties
In search of drill targets, CaribGold Resources (TSE) is conducting geophysical surveys on its most advanced properties in Cuba.An induced-polarization (IP) survey exceeding 50 line km is being carrie…