Paramount to drill in NW Argentina
Paramount Ventures & Finance (VSE) is preparing to drill its Rio Juramento project, 50 km southeast of Salta, Argentina.The property features a ridge known as Cerro del Cobre, which consists of an ext…
Articles by Northern Miner Staff
NEWS IN BRIEF (December 11, 1995)
Lasir Gold Industries Inc. (LAI:VSE) has changed its name to First Fortune Investments Inc. (FRF:VSE) on a 1-new-sh-for-10-old-shs basis.
Diabior, Virginia sample gold showings
Surface sampling of two showings at the Eastmain West property, 300 km northwest of Chibougamau, Que., has confirmed suspected widths and grades for property owners Diabior Explorations (ME) and Virgi…
Noranda and Abcourt rework Vendome deal
Noranda (TSE) and Abcourt Mines (ME) have reworked their agreement regarding the Vendome property near Val d’Or, Que.The property consists of seven lots and six half-lots in Fiedmont Twp., together wi…
Ecuadorian Minerals resumes drilling program at Gaby property
Drilling has resumed at the Gaby gold property, 70 km southeast of Guyaquil, Ecuador, and operator Ecuadorian Minerals (TSE) plans to determine grades and tonnages for prefeasibility work.Ecuadorian e…
Glimmer cancels buyout plans
Time ran out for Glimmer Resources (VSE) in its attempt to find financing for the purchase of Hemlo Gold Mines’ (TSE) interest in the Hislop-Beatty property near Matheson, Ont.The property has a gold …
Marshall sells deposit to Breakwater Res.
Toronto-listed Marshall Minerals has sold its Restigouche base metal deposit near Bathurst, N.B., to Breakwater Resources (TSE) for $3.5 million.Breakwater will issue 1.5 million common shares to Mars…
Madsen raises funds for Red Lake work
Madsen Gold (TSE) has raised more than $400,000 in two private placements.The placements comprise a total of 340,000 units, each of which consists of one common share and one common share purchase war…
ConSil sells mine
Consolidated Silver, which trades over-the-counter in Spokane, Wash., will sell its Silver Summit mine in northern Idaho to Sunshine Mining & Refining.In addition, the company will change its name to …
World demand for platinum is expected to escalate sharply
Increased demand from the industrial and jewelry sectors is expected to boost worldwide demand for platinum in 1995 by 4% to a new high of 4.7 million oz.The estimate is contained in Platinum 1995: In…
San Andreas expands Prairie Creek
Drilling has expanded the in situ geological resource at the Prairie Creek project, 500 km west of Yellowknife, N.W.T.Owner San Andreas Resources (TSE) estimates the resource at 10.6 million tonnes gr…
Toronto Stock Exchange Indices (December 11, 1995)
1995 Dec 5Dec 4Dec 1Nov 30Nov 29HighLowComposite”300″4722.534711.874674.024661.184670.844718.273983.34Metals&Minerals5211.075144.655114.245148.155152.905276.123273.56Integrated Mi…