Homestake advances Ruby Hill
In just three short years, Homestake Mining (NYSE) has developed a geological inventory of about 1.6 million oz. gold within a district previously known for its silver and base metal mineralization. H…
Articles by Northern Miner Staff
TSE Indices (October 31, 1994)
— 1994 — Oct 25 Oct 24 Oct 21 Oct 20 Oct 19 High Low Composite”300″ 4242.77 4266.02 4285.13 4319.77 4320.79 4609.93 3518.31 Metals&Minerals 4159.84 4192.94 4254.27 4278.02 4242.97 4289.04 3273.56 In…
Denison receives trade approval
Since filing financial statements, Denison Mines (TSE) has been granted approval by securities commissions to have its common and preferred shares resume trading on the Toronto and Montreal stock exch…
Opawica options ground to Shamrock
Australian-based Golden Shamrock Mines can earn a 60% stake in the Enchi-Wiawso and Asankrangwa reconnaissance licences in Ghana. The properties are held by Opawica Explorations (TSE). The 1,500-sq.-k…
Digital dataset of China planned
The Aero Geophysical Survey and Remote Sensing Centre (AGS/RSC) of China’s Ministry of Geology and Mineral Resources has joined with Paterson, Grant & Watson of Toronto to produce a digital dataset of…
Namibia awards contracts for airborne survey work
Two companies have won contracts to acquire, process and market high-resolution airborne geophysical data over selected areas of Namibia. The Geological Survey of Namibia says the survey work by Compa…
STOCK MARKETS — VSE indexes in slide; gold moves sideways
A review of the trading activity on the Vancouver Stock Exchange for the period ended Oct. 25 reveals a string of negative signs as the market continues to retrench. The resource index lost almost 23 …
Fairfield program
With the completion of the 1994 open pit mining program at the Siwash North gold mine, near Merritt, B.C., Fairfield Minerals (TSE) will begin a $1.5 million underground program. Ore sales to the Asar…
New discovery at Taurus mine project
Drilling by International Taurus Resources (VSE) at the Taurus minesite in northern British Columbia is expanding a newly discovered zone of mineralization. The zone consists of quartz stockwork miner…
NEWS ROUNDUP — Canchrome, Bruneau sign agreement
Montreal-based Canchrome Mines (ME) intends to earn a 51% interest in two gold and base metal properties from Bruneau Minerals (ME). The Allard property consists of 76 contiguous claims in Desmazures …
NEWS ROUNDUP — Rio Narcea hits high-grade gold
Three diamond drill holes have intersected high-grade gold mineralization at the Spanish property known as El Valle-Boinas. Rio Narcea Gold Mines (TSE) reports that VAL-46, drilled to confirm previous…
Norcan exploring Venezuelan project
Upon completion of a proposed $2-million financing, Norcan Resources (VSE) should be in good financial shape to begin exploring the NCJ-La Trinidad project in Venezuela’s El Dorado district, in Boliva…