Carmacks feasibility complete
A feasibility study states that the Carmacks copper project in the Yukon can produce 45 tons of copper per day during an 8.5-year mine life. Situated 25 miles northwest of Carmacks, Y.T., the project …
Articles by Northern Miner Staff
Moneta uncovers gold in Arizona
Timmins-based Moneta Porcupine Mines (TSE) has discovered gold near Wickenburg, Ariz. The discovery was made after sampling was carried out on an outcrop over an 80-metre length. Results from chip sam…
Ottawa prepared to move on environmental reviews
The federal government is moving to implement regulations on environmental reviews dealing with mining and other industrial projects. Speaking in the House of Commons, Environment Minister Sheila Copp…
Atlas options Gold Bar interest to Homestake
Under an agreement with Atlas (NYSE), San Francisco-based Homestake Mining (TSE) can earn a 60% interest in 450 claims on the southern portion of the Gold Bar property near Eureka, Nev. Homestake must…
TSE Short Positions (October 17, 1994)
Semi-monthly reports as of Sept 15, 1994 showed 252,996,914 shares of 872 issues compared with 277,080,927 shares of 904 issues on Aug 31, 1994. Larger individual positions included: Aber 108,040; Ade…
Canarc plans drill program for new zone at Polaris-Taku
Surface work on the Polaris-Taku property in northwestern British Columbia has identified a 5,000-ft. northerly strike extension of the property’s three main vein systems. Property owner Canarc Resour…
Bema raises US$33 million
To finance construction of the Refugio open-pit mine in Chile, Bema Gold (TSE) will raise US$33 million from a private placement of 330,000 special warrants. The units are exchangeable into 7.5% conve…
Commodity index rises slightly (October 17, 1994)
The commodity price index of the Bank of Nova Scotia rose by 0.6% in August, despite seasonally weak metal and agricultural prices. The all-items index is 11.2% higher than it was at this time last ye…
PEOPLE — IMPACT
Eric Cardy appointed vice-president.
PEOPLE — FOOTWALL
John Ma appointed director.
Hemlo to boost stake in Holloway venture
With the Holloway project being readied for production by Hemlo Gold Mines (TSE), junior partner Freewest Resources (TSE) was poised to make the transition from an exploration company to a gold produc…
Franc-Or surveys French Guiana
In French Guiana, Franc-Or Resources (ME) has completed a program of airborne geophysics as part of a gold exploration effort. The 1,850-line-km program consisted of magnetic and radiometric surveys o…