Cambior to acquire half of Gross Rosebel
Cambior (TSE) intends to acquire the half interest that Denver-based Golden Star Resources (TSE) holds in the Gross Rosebel gold project in Suriname.Since signing the option agreement in June 1994, Ca…
Articles by Northern Miner Staff
Columbia Yukon to begin drilling in Labrador
With $5 million in preliminary exploration work completed, Columbia Yukon Resources (ASE) is eager to begin drilling on 12 claim blocks in the Nain-Okak Inlet area of Labrador.Three of the claim block…
Pangea funds Fenn-Gib study
A private share placement will leave Pangea Goldfields (TSE) with $1.4 million to perform a feasibility study on the Fenn-Gib gold project, east of Matheson, Ont.Prefeasibility work by Kilborn Enginee…
STOCK MARKETS — Rising gold price adds oomph to Western markets
With gold prices on a run towards the US$400 mark, western markets surged ahead over the report period ended Jan. 9. The resource index advanced 43.66 points to close at 1,335.71, while the composite …
Minorca drilling Rodeo Creek gold property
Drills are turning at Montreal-listed Minorca Resources’ Rodeo Creek property in Nevada’s Carlin trend.The main target of the 4,000-ft. program is a fault structure which crosses a well-known gold fee…
MOST ACTIVE ISSUES, 1995
Volume(000s)HighLowCloseChange Placer Dome T218172$402533+2 5/8Barrick Gold T211403$3827 1/436+4 5/8Inco Ltd T175593$51 5/831 7/845 1/8+5TVX Gold Inc T156951$11 3/88 …
NEWS ROUNDUP — Gold City funds work at WelBar
Junior Gold City Mining (VSE) is financing further exploration work on its WelBar Gold project in central British Columbia.The company raised more than $335,000 through a private placement of units pr…
NEWS ROUNDUP — SAGC raises funds for Chile
Bermuda-based junior South American Gold & Copper (TSE) has completed a private placement of 5.1 million shares at US80 cents per share.The US$4 million in proceeds will be used to explore and develop…
Princeton lands provincial approval for Huckleberry
Regulators finally have approved development plans for the Huckleberry copper deposit near Smithers, B.C.Princeton Mining (TSE) had expected to receive the approval by early September, but the procedu…
NEWS IN BRIEF (January 08, 1996)
Pacific Mariner Explorations (PMR:VSE) has changed its name to Abitibi Mining (ABB:VSE).
Metallica backs into Cerro San Pedro
Toronto-listed Metallica Resources will buy a 20% back-in option on shares of a company that holds purchase options covering the San Pedro gold-silver project in northwestern Mexico. Metallica will no…
TVX completes purchase of Greek mining assets
A subsidiary of TVX Gold (TSE) has acquired the Kassandra Mines concessions in Greece.TVX made an initial payment of US$19.5 million and will pay an additional US$28 million in instalments over five y…