NEWS ROUNDUP — Pan African plans to go public
Pan African Resources, a subsidiary of Golden Star Resources (TSE), will combine with Humlin Red Lake Mines (CDN) and establish itself as a separate, public company.The subsidiary will issue a private…
Articles by Northern Miner Staff
NEWS ROUNDUP — Reserves at Tonkin Springs double
Minable reserves have more than doubled at the Tonkin Springs gold mine in Nevada.Gold Capital (NASDAQ) and U.S. Gold (NASDAQ) report that proven and probable reserves for the open-pit mine have risen…
Tan Range intersects gold in Tanzania
Alberta-listed Tan Range Exploration has intersected significant gold values at its Kabahelele concession in Tanzania.The announcement follows a 7-hole reverse-circulation drill program in which econo…
RTZ and CRA to proceed with merger
Shareholders of both RTZ (NYSE) and Australian-based mining giant CRA have voted in favor of merging the two companies under a unique arrangement whereby each will continue to trade separately.Both co…
First Dynasty eyes opportunity in south Indonesia
South of the Indonesian capital of Jakarta, First Dynasty Mines (TSE) is attempting to gain a stake in the Gunung Pongkor gold-silver mine.Towards this end, it has signed a memorandum of understanding…
Black Hawk finances Farley Lake
As production approaches at the Keystone gold project’s Farley Lake pit, 50%-owner Black Hawk Mining (TSE) has arranged financing for its share of the development cost.Black Hawk, which shares the pro…
Partners expand near Musselwhite
The owners of the Musselwhite gold property have taken an option on adjacent properties owned by Pangea Goldfields (TSE).Placer Dome (TSE) and TVX Gold (TSE) can earn up to a 75% interest in Pangea’s …
Denison shareholders approve stock plan
Three special shareholder meetings in December, 1995, resulted in the approval of a new plan of arrangement for Denison Mines (TSE).The plan, which received near-unanimous approval, involves issuing n…
Fairfield looks to expand Siwash
Having recalculated the resource at its Siwash property in southern British Columbia, Fairfield Minerals (TSE) is considering carrying out additional open-pit mining.The diluted, probable, open-pit re…
Kinross signs deals with several companies
Toronto-listed Kinross Gold has made several changes to its ownership positions in various companies.The gold producer has entered into an agreement with Imperial Metals (TSE) whereby it will purchase…
Queenstake starts work program on Latin American properties
Preliminary reconnaissance work is under way on the package of Latin American properties recently acquired by Queenstake Resources (TSE).Through the issue of common shares, the company acquired extens…
INSIDER TRADING — Great Lakes executives trade Santa Cruz shares
In November, Great Lakes Minerals (TSE) and two of that company’s executives traded shares, warrants and special warrants of Santa Cruz Gold (CDN).According to the Ontario Securities Commission’s OSC …