ODDS’N’SODS — Nova Scotia’s Meguma terrains
Many geologists who visit Nova Scotia scratch their heads over the great number of gold occurrences in the fold belts of Ordovician-age metasediments, known locally as Meguma terrains. They do so beca…
Articles by Northern Miner Staff
LAST BUT NOT LEAST — Caledonia sub on Luxembourg Exchange
Toronto-based Caledonia Mining (TSE) reports that its 31.6%-owned affiliate, Reunion Mining, has started trading on the Luxembourg Stock Exchange. The listing follows Reunion’s successful placement of…
LAST BUT NOT LEAST — Minprotech listed, eyes Indonesia
Having completed an initial public offering of units for gross proceeds of $550,000, Minprotech Mining has begun trading on the Alberta Stock Exchange. Each unit consists of one common share and a sha…
LAST BUT NOT LEAST — US$3.5-m placement for Crystallex
A US$3.5-million private placement will enable Crystallex International (VSE) to make option payments on and explore its Venezuelan gold projects. The 3-year convertible debenture will be convertible …
Wheaton River to raise $2 million
Wheaton River Minerals (TSE) is offering a private placement of 1 million special warrants at $2 each. Each warrant will entitle the holder to acquire one unit consisting of a common share and half a …
NEWS ROUNDUP — Rio Narcea gets TSE listing
Common shares and common share purchase warrants of Rio Narcea have begun trading on the Toronto Stock Exchange. Upon completion of the initial public offering, the company will have 16.3 million comm…
LAST BUT NOT LEAST — Sonora closes Jamestown mine
Mining has ceased at the Jamestown open-pit gold mine in California. The mine, wholly owned by Sonora Gold (TSE), produced 92,000 oz. in 1993, 129,200 oz. in 1992 and 132,400 oz. in 1991. Sonora origi…
LAST BUT NOT LEAST — W. Troy works Northern Ont. play
Western Troy Capital Resources (ASE) reports that work is continuing on its Wagg gold property in Menary Twp. near Nestor Falls, Ont. An open-cut designed to intersect the F, E and D zones has exposed…
Atapa explores Ontario plays
As part of an option agreement with Teck (TSE), CDN-listed Atapa Minerals has completed in-depth exploration of a portion of the former’s property in Ontario’s Catherine and Pacaud twps. The program t…
NEWS ROUNDUP — New-found gold for New Island
Alberta-listed New Island Minerals has discovered a new gold zone on its Glover Island property in western Newfoundland. The discovery, called the Lucky Smoke zone, is about 8 km north of the Lunch Po…
Berry awarded Wilson Medal
The Canadian Geophysical Union (CGU) recently awarded its Wilson Medal to Michael Berry of the Geological Survey of Canada (GSC). The medal, named for the late J. Tuzo Wilson, is awarded annually by C…
THE DIAMOND PAGE — De Beers’ rough diamond sales point to
De Beers’ Central Selling Organization (CSO) sold US$2.6 billion worth of rough diamonds in the first half of 1994. This figure is 1.5% higher than the same period last year and a healthy 41.5% higher…