News Roundup — Comaplex completes financing
A previously announced private placement of 2 million Comaplex Minerals (TSE) units has been fully subscribed.A unit is priced at $1.10 and consists of one common share and half of a common share purc…
Articles by Northern Miner Staff
Canadian States finishes drill program
Drilling at the Labrador property of Canadian States Resources (CDN) is finished for the season, with work expected to resume in the spring.Results from three drill holes have been released, showing m…
News Roundup — Cabot Creek lists on CDN
Cabot Creek Mineral Corporation, newly listed on the Canadian Dealing Network, has raised more than $200,000 in its initial public offering.The funds will be used to explore and develop a gold prospec…
News Roundup — High River talks with Russians
A Russian gold mining company and High River Gold (TSE) are putting the final touches on an agreement that will see High River acquire a significant interest in the Russian company.The company being a…
Jonpol buys into Mexican company
Canadian junior Jonpol Explorations (TSE) will gain a 49% interest in Mexican-based Minera Y Metalurgica de Pozuelos.To do so, it will spend US$150,000 on exploration.Together, the companies will atte…
News Roundup — Yamana drills property
Reverse-circulation drilling is under way on Yamana Resources’ (TSE) Microonda property in Argentina’s Santa Cruz province.Seventy-five drill targets have been established in a 4-sq.-km area, and a dr…
STOCK MARKETS — Stronger resource index bodes well for western markets
Western markets perked up over the report period ended Dec. 5, with the Vancouver Stock Exchange resource index closing up almost 20 points at 1,270.62. The composite index also gained ground, notchin…
TSE Short Positions (December 11, 1995)
Short positions outstanding at November 15, 1995Larger individual positions included: Barrick Gold 2,731,254; Agnico-Eagle 119,293; Bema Gold 1,437,700; BGR Precious Metals 152,350; Caledonia M’g 291,…
Index (December 11, 1995)
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Takla extends Bolivian gold program
Preliminary exploration work on the Orko Pina project in Bolivia has prompted Takla Star Resources (ASE) to plan additional work.Exploration work outlined a 2.2-sq.-km soil, stream sediment, alluvial …
Cameco options Hungarian project
Cameco (TSE) will be earning a 60% interest in the Lahoca gold property, 90 km northeast of Budapest, Hungary.The company will fund a feasibility study, to include a mineral reserve estimate and metal…
Laguna works Costa Rican project
The first phase of drilling has been completed at the Rio Chiquito gold project in Costa Rica, and a feasibility study is in the works.Laguna Gold, a division of Mallon Resources (NASDAQ), estimates t…