NEWS IN BRIEF (November 27, 1995)
Carissa Mining (CIA:VSE) has changed its name to Rockwell Ventures (RCW:VSE).
Articles by Northern Miner Staff
Resource outlined at Golden Ridge
Recent drilling has confirmed a resource containing 1 million oz. gold at Pangea Goldfields’ (TSE) Golden Ridge prospect in Tanzania.Results of the 19-hole, 1,200-metre program have also led the compa…
Denison OKs plan of arrangement
The board of directors of Denison Mines (TSE) has approved a plan of arrangement for the company whereby holders of preferred shares will receive 25 new common shares for each preferred share held, an…
Ladner Creek drilling returns gold
Drilling on the Ladner Creek mine project near Hope, B.C., is returning encouraging results for Athabaska Gold Resources (TSE).The company is working to boost the mining reserve accessible from existi…
Index (November 27, 1995)
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Gold City set to acquire Cyn-Tech
In a move to raise exploration funds for its projects in British Columbia, Gold City Mining (VSE) intends to issue a takeover bid for all the shares of Consolidated Cyn-Tech Ventures (VSE).The takeove…
NovaGold Res. restructures loan
An agreement has been reached between Nova Gold Resources (TSE) and its banker, National Bank of Canada, that will allow the former to restructure a $1.9-million loan.The loan was incurred by NovaGold…
Laminco tests Luz del Cobre
Junior Laminco Resources (TSE) is set to proceed with hydrogeological tests on the Luz del Cobre copper deposit at its San Antonio project in Mexico’s Sonora state.Plans for developing Luz del Cobre a…
Diamond Fields hits massive sulphides at Eastern Deeps area
The Eastern Deeps of Voisey Bay may be less accessible than the near-surface ovoid zone, but the mineralization now appears to be equally rich.Diamond Fields Resources (TSE) has passed the 200 mark in…
Lack of water halts NDT drilling
A lack of water has forced NDT Ventures (VSE) to suspend drilling on the Project 52 joint venture with Primero Industries (VSE), about 45 km southwest of Nain, Labrador. The first hole of a proposed 3…
PRODUCER PRICES (November 27, 1995)
ALUMINUM: MW U.S. market US76.5 cents-77.5 cents per lb. (Nov. 17, 1995).ANTIMONY: MW New York dealer US$2.30-2.50 per lb. (July 14, 1995).BISMUTH: MW New York dealer US$4.00-4.20 per lb. (Oct. 13, 19…
Hecla writes down Grouse Creek interest
The third-quarter operating results of Hecla Mining (NYSE) include a nonrecurring asset writedown of its entire 80% interest in the Grouse Creek gold mine in central Idaho.Great Lakes Minerals (TSE) o…