Madsen raises funds for underground exploration
Madsen Gold (TSE) has raised $402,500 in a flow-through share offering.The funds will be applied to underground exploration costs at the past-producing Madsen gold mine in Red Lake, Ont. In addition t…
Articles by Northern Miner Staff
STOCK MARKETS — Golds keep lifting TSE higher and higher
Gold and energy stocks drew the Toronto Stock Exchange upward through the first four days of the report period ended Jan. 9, culminating with a record high on Jan 8. But weakness in technology stocks …
Noveder sells Nugget Pond stake to Richmont
Rouyn-Noranda, Que.-based junior Noveder (ME) has signed over its 40% interest in the Nugget Pond gold project to partner Richmont Mines (TSE).Situated on Newfoundland’s Baie Verte Peninsula, Nugget P…
Gold Funds (January 15, 1996)
Gold Funds as of January 4, 1996BGRCentralNet Value$18.27$6.69Price$14.50$6.500Discount20.63%2.8%Value$142,843,000$117,645,450…
Spot prices at a glance (January 15, 1996)
Wednesday, January 10, 1996Week’s Price (US)ChangeGold*$396.75+$6.25Silver*$ 5.54+$0.19Platinum*$415.85+$9.85Nickel**$ 3.42+$0.08Lead**$ 0.31$0.00Copper $ 1.18-$0.07Zinca$ 0.4…
Portugal beckons joint venture
A newly formed joint venture will explore a Portuguese property underlain by the famous Iberian Pyrite Belt.The partners include Auspex Minerals (VSE), Cumberland Resources (VSE), International Vestor…
Canmex plans drilling program for Mexican properties
With its initial public offering now complete, Canmex Minerals (VSE) will launch drill programs on its two main Mexican properties in the second quarter.The company issued 2 million shares at $1 each,…
Devil’s property tempts Petro Plus to drill
Drill results from the Devil’s property in Saskatchewan have prompted owner Petro Plus (ASE) to plan drilling for next summer.Results to date have shown consistent values over minable widths. The 1996…
Timbuktu Gold busy in Mali
Alberta-listed Timbuktu Gold has gained a gold property in Mali, West Africa.The company, formerly known as Choice Software Systems, bought a 32-sq.-km package of gold concessions from British-based A…
Band-Ore to focus on gold properties in Northern Ontario and Quebec
With an additional $408,000 in its coffers, Band-Ore Resources (CDN) plans to explore three properties in northern Ontario and Quebec.The bulk of the funds, raised in a flow-through share financing, w…
Yamana drills targets in Argentina
Drill results from the Microonda epithermal gold property in Argentina are proving consistently encouraging for Yamana Resources (TSE) and Noranda Mining & Exploration (a unit of Toronto-listed Norand…
Detector funds exploration program
Detector Resources (ASE) has raised $332,300 from two private placements. The first placement, comprising 626,875 shares at 16 cents each, garnered the company $100,300; the second, comprising 1.2 mil…