Agnico companies buy Legacy shares
Affiliated companies Mentor Exploration and Development (TSE) and Long Shots have, through the open market, acquired almost 250,000 common shares of Legacy Explorations (CDN). Together with Agnico-Eag…
Articles by Northern Miner Staff
Caldera government imposes strict economic measures
Venezuelan Financial Affairs Secretary Luis Raul Matos has defended the strict economic measures taken recently to overcome the country’s financial crisis, saying the government was taking a “pragmati…
Gold Vessel drilling in El Callao district
A second phase of drilling has been completed on the Choco-6 property in Venezuela’s El Callao district. Gold Vessel Resources (VSE) is earning a half interest in the property from a private Venezuela…
Kinross ups reserves at Candelaria project
Toronto-based Kinross Gold (TSE) has delineated more underground and open-pit reserves at its Candelaria gold-silver mine near Hawthorne, Nev. At the Northern Belle pit, drilling confirmed minable res…
Greenstone plans to raise $10 million in financing
Toronto-listed Greenstone Resources, together with the Emerging Markets Gold Fund, plans to raise US$10 million to fund work at its gold projects in Nicaragua and Honduras. The funding will consist of…
Gregor to drill Hemlo area bet
An 8-week drill program will begin shortly on Gregor Goldfields’ (CDN) gold property near Hemlo, Ont. This program will test two targets — the South Lake and North Hill areas — which are about 1,600…
American active at San Gregorio
With development permits in hand, American Resource (USOTC) is proceeding with engineering work on its San Gregorio gold project in Uruguay. The contract will entail fine-tuning the open-pit plan, dev…
Canarc drilling in Venezuela
Drilling is under way on the Aurora property in Venezuela. Canarc Resource (VSE) is funding the work under a 50-50 joint-venture agreement with Tombstone Explorations (VSE). Surface exploration over t…
Rio acquires 25% royalty in Polaris lead-zinc mine
Metals producer Rio Algom (TSE) has bought all the shares in NCO Mines, which holds a royalty interest in production from the Polaris lead-zinc mine. NCO, a wholly owned subsidiary of North Canadian O…
PEOPLE — LUCKY BREAK
Jiri Strnad appointed advisor.
Queen’s seminar set for December
The department of geological sciences at Queen’s University in Kingston, Ont., will present a seminar Dec. 4-10 on “economic guidelines for mineral exploration.” Led by Brian Mckenzie, the seminar is …
PRODUCER PRICES (September 19, 1994)
ALUMINUM: MW U.S. market US71.5-72.5 cents per lb. (Aug. 25, 1994). ANTIMONY: MW New York dealer US$2.35-2.50 per lb. (July 21, 1994). BISMUTH: MW New York dealer US$3.75-4.25 per lb. (July 28, 1993)….