Royal extends deal
Royal Gold (NASDAQ) has extended the terms under which it can explore lands in Wyoming, Colorado and Utah owned by Union Pacific Resources Group (NYSE).The agreement has been extended to the end of 19…
Articles by Northern Miner Staff
Mining industry to protect habitat
Canada’s mining industry will join forces with agricultural producers and non-government groups to develop and implement policies and actions to conserve endangered species.Environment Canada official…
LETTER TO THE EDITOR — Concerns over nuclear waste are greatly exaggerated
I am writing in response to your article on nuclear waste disposal (“Waste disposal concept to undergro scrutiny,” in T.N.M., Dec.18/95), which should be compulsory reading for anyone who wants to kno…
Major General expands gold zone in Newfoundland
Drilling near Green Bay, Nfld., has enabled Major General Resources (VSE) to expand a recently discovered gold zone.The structure has an average width of 1.3 metres and a grade of 6 grams per tonne ov…
Teck options Argentine ground held by Mansfield
Two Argentine properties of Mansfield Resources (VSE) have attracted the interest of Teck (TSE).The major will buy 1 million shares of Mansfield at $2 each as part of a deal whereby it can earn a half…
Essex raises funds for Bolivian work
Essex Resources (VSE) is financing exploration work on its Miguela project in Bolivia by exercising 1.3 million share purchase warrants at 57 cents each.The company has 10.4 million shares outstanding…
DIAMOND NEWS ROUNDUP — Kola Peninsula explored for diamonds
Preliminary results from diamond exploration work carried out on the Kola Peninsula in northwestern Russia are encouraging.Russian-based Northern Mining has been exploring a land position comprising 2…
DIAMOND NEWS ROUNDUP — Agreement reached on Ghanian property
Vancouver-listed Mountain Lake Resources and Belgian-based Lazare Kaplan International have reached a deal that will help Mountain Lake acquire a diamond mining project in Ghana.MLR will be solely res…
STOCK MARKETS — Golds carry Toronto market up for the holidays
The Toronto Stock Exchange set another record high on Jan. 2, spurred by strength in the banks and golds. The TSE 300 composite index closed at 4,767.82, up 57.12 points or 1.2% from the close on Dec….
Gold Funds (January 08, 1996)
Gold Funds as of December 28, 1995BGRCentralNet Value$17.59$6.54Price$13.63$6.000Discount22.53%8.3%Value$137,504,000$108,595,800…
STOCK MARKETS — Rising resource index adds cheer to new year
Western markets rang in the new year on a positive note, with the Vancouver Stock Exchange resource index climbing more than 33 points to 1,292.05.The composite index also gained ground, closing the r…
Goldstake options property in Java
An Indonesian company has dealt Goldstake Explorations (TSE) an option to earn an 80% interest in two gold-silver properties on the island of Java.The properties, 120 km southeast of Jakarta, were sub…