Pangea to drill Tanzanian properties
CDN-listed Pangea Goldfields has received conditional approval to begin trading on the Toronto Stock Exchange, with final approval expected within the next four weeks. Also, the company has acquired m…
Articles by Northern Miner Staff
Flag drilling near Sudbury
Work is continuing on the 10,400-hectare property held by Flag Resources near Sudbury, Ont. A large magnetic body, thought to represent the western sector of the Wanapitei anomaly, was found near the …
GOLD FUNDS (August 15, 1994)
BGR Central Net Value $17.36 $6.68 Price $15.75 $7.250 Premium 8.5% Discount 9.28 Value $141,055,000 $131,219,925 \…
METALS PRICES — Spot prices at a glance
Week’s Price (US) Change Gold* $378.30 – $0.30 Silver* $ 5.16 – $0.05 Platinum* $412.50 – $2.00 Nickel** $ 2.59 – $0.16 Lead** $ 0.25 – $0.01 Copper $ 1.08 – $0.02 Zinc $ 0.42 – $0.01 Courtesy of Scot…
Green light for Kodiak project
Construction can now begin on the Kodiak heap-leach gold project at Golden Bear mine in northwestern British Columbia. North American Metals (VSE) received the required mine development certificate fr…
NEWS IN BRIEF (August 15, 1994)
Leader Mining Corporation (LMC:ASE) has changed its name to Leader Mining International Inc. (LMN:ASE) on a 1-new-sh-for-5-old-shs basis.
MSV increases quarterly output
Second-quarter production at the Copper Rand and Portage projects near Chibougamau, Que., increased by 45%, compared with the same period in 1993, MSV Resources (ME) reports. Quarterly output of 104,0…
Troilus contract to SNC-Lavalin
A contract for engineering and construction management of the concentrator, tailings storage and associated infrastructure at the Troilus gold project north of Chibougamau, Que., has been awarded to S…
DO-27 bulk-sample results disappointing
The junior partners of Kennecott Canada saw their DO-27 (Tli Kwi Cho) kimberlite project downgraded in early August from a development project to one of many exploration-stage projects in the Lac de G…
Porgera to resume operations
Management of the Porgera joint venture has started routine recommissioning procedures at the explosives plant at the Papua New Guinean mine site. Placer Dome (TSE), an 18.9% owner of the project, sai…
AMERICAS — New deposits fundamental to Falconbridge growth
Armed with a pile of cash from one of Canada’s largest corporate stock offerings, Falconbridge (TSE) can now proceed with two major base metal deposits which should fuel the company’s growth well into…
AMERICAS — NEWS IN BRIEF
Nautilus Resources (NUT:VSE) has changed its name to New Leather on a 1-new-for-3-old-share basis.