New deals for Major General
In acquiring an option to buy into the Brass Buckle gold property near Springdale, Nfld., Major General Resources (VSE) has expanded its portfolio of Canadian exploration projects. A 70% interest is a…
Articles by Northern Miner Staff
TSE SHORT POSITIONS (January 23, 1995)
Semi-monthly reports as of Dec 15, 1994 showed 255,885,020 shares of 813 issues compared with 252,151,713 shares of 818 issues on Nov 30, 1994. Larger individual positions included: Aber 57,140; Agnic…
EDITORIAL PAGE — Reserves and resources
Over the years, certain groups and individuals within Canada’s mining fraternity have advocated that steps be taken to set standards for reporting mineral resources and reserves. The need for such sta…
ODDS’N’SODS — A busy little drill bit
When the Helen mine at Wawa, Ont., first underwent an underground stope development program, a series of diamond drill holes was required to locate the F.W. contact over a rather large area. Using the…
Centenario gives boost to Dom. Republic mining
The discovery, in recent years, of the Centenario gold deposit “has been one of the outstanding events” for the mining industry of the Caribbean island of Hispaniola, writes correspondent Gerald Ellis…
INSIDER TRADING — Caledonia execs sell shares
Three senior officers of Caledonia Mining (TSE) exercised options and sold shares in November. According to the Ontario Securities Commission’s OSC Bulletin, senior officer and director Frederick Harv…
PRODUCER PRICES (January 23, 1995)
ALUMINUM: MW U.S. market US93.5 cents-94.5 per lb. (Dec. 30, 1994). ANTIMONY: MW New York dealer US$2.80-2.90 per lb. (Dec. 2, 1994). BISMUTH: MW New York dealer US$3.90-4.10 per lb. (Dec. 23, 1994). …
Goldcorp buys an interest in Britannia
In addition to buying an interest in Britannia Gold (TSE), Toronto-listed Goldcorp will acquire the right to joint-venture ground held by Britannia’s subsidiary. Goldcorp will buy 812,500 Britannia un…
Bearish outlook for gold
The outlook for gold is bearish, according to The Bank Credit Analyst Research Group of Montreal, which expects gold prices to drift lower in 1995. “Prices seem more likely to erode than fall sharply,…
X-Cal encouraged
Recent work by X-Cal Resources (TSE) has defined three new areas for drilling on the Sleeper Extension gold project in Humbolt Cty., Nev. The junior reported a new discovery under 14 ft. of overburden…
Latin American focus for Golden News
To reflect its commitment to Latin American exploration, Golden News Resources (TSE) has changed its name to Laminco Resources. The company has completed a 56-hole, 15,000-ft. reverse-circulation dril…
Adex to fund work at Mt. Pleasant mine
Under a credit-option agreement, Adex Mining (TSE) will fund a $525,000 program of exploration and metallurgical research on Piskahegan Resources’ Mt. Pleasant mine in New Brunswick. The program, to b…