BOOK IN REVIEW — The mines of Red Lake
The Gold Mines of Red Lake, Ontario, Canada, written and published by D.F. Parrott, 204-120 South Cumberland St., Thunder Bay, Ont. P7B 5R7. Printed by Derksen Printers, Steinbach, Man. Hardcover, 256…
Articles by Northern Miner Staff
DIAMND NEWS ROUNDUP — Sampling results reported from
Vancouver-listed Trade Winds Resources has received initial diamond recovery results from limited sampling of three widely spaced drill holes on the Drybones Bay kimberlite pipe near Yellowknife, N.W….
STOCK MARKETS — Western markets take breather after diamond
Western markets cooled somewhat over the report period ended April. 11, following the recent diamond-related run-up. The Vancouver Stock Exchange resource index slipped 24.56 points to finish at 1,216…
Jordex teams with Barrick
A joint-venture agreement between Barrick Gold (TSE) and Jordex Resources (TSE) enables the former to earn a 60% interest in nine gold properties in eastern Bolivia. To do so, Barrick must spend up to…
Inco completes IP survey work
Drilling is under way at a gold-copper-zinc property in Quebec’s Casa Berardi Twp., Cross Lake Minerals (VSE) and East West Resource (VSE) report. The juniors say the exploration unit of Inco (TSE) co…
Orvana upgrades Central Inlier
Drilling on the Central Inlier property in Jamaica has returned significantly better gold grades than previous attempts. Orvana Minerals (TSE) drilled four test holes on the Bennet zone, using techniq…
TSE SHORTS (April 17, 1995)
Semi-monthly reports as of Mar. 31, 1995 showed 242,778,008 shares of 777 issues compared with 228,987,690 shares of 784 issues on Mar. 15, 1995. Larger individual positions included: Aber Res. 50,200…
Paramount advances projects
Exploration programs are planned for the mineral projects of Paramount Ventures & Finance (VSE) in the Northwest Territories and Argentina. The junior holds varying interests in joint ventures compris…
Geddes raises cash by offering
A rights offering is expected to raise $1.6 million for Geddes Resources (TSE). The company plans to use some of the proceeds to fund its working capital deficit. Shareholders will be able to buy one …
Viceroy sinks debt, focuses on Africa
With a prepaid shipment of gold from the Castle Mountain mine in northern California, Viceroy Resources (TSE) has eliminated its gold loan 14 months ahead of schedule. The shipment amounted to about 9…
Metallica closes mine purchase
The purchase of a Mexican company provides Metallica Resources (CDN) with exposure to the famous Cerro San Pedro mining district. The Toronto-based junior now holds options to buy 25 concessions, tota…
Partners boost Yanacocha stake
Following a court ruling in their favor, Newmont Gold (NYSE) and its Peru-based partner, Buenaventura, will increase their ownership of the Yanacocha gold mine. The move comes after an attempt by Bure…