NEWS ROUNDUP — Franco buys 2% Lenora NSR
Royalty-holder Franco-Nevada Mining (TSE) has bought a 2% net smelter return royalty (NSR) in the Goldfields project from Greater Lenora Resources (TSE). The price: $2 million. The northern Saskatchew…
Articles by Northern Miner Staff
European Ventures hits Man. sulphides
A new base metal zone has been outlined on the Wekusko Lake project near Snow Lake, Man. European Ventures (VSE) reports that nine holes, totaling 1,309 metres, were drilled to test seven targets. One…
Pegasus to assist Goldbelt financially
Satisfied with its due diligence review, Pegasus Gold (TSE) has agreed to lend US$3 million to Goldbelt Resources (VSE) to help it secure financing for its Leninogorsk gold-silver tailings project in …
ODDS’N’SODS — West coast mining school
On reading recently of the passing of Jack White, I was flooded with memories of the development of the British Columbia Mining School and of that rewarding chapter of my life, filled with the warmth,…
Western mineral database available in on-line form
The mineral occurrences database of the British Columbia government, MINFILE/pc Version 3.0, is available in an on-line form. Users may gain access to MINFILE/online by dialing INFO-DATA Online Bullet…
LETTER TO THE EDITOR — Fenton Formula revived
The article “Timely proposal: a new gold standard” (T.N.M., March 7/94) is of interest to me. My article “The Fenton formula,” published in 1984, is much better than “Timely proposal” and is practical…
TSE Short Positions (April 04, 1994)
Semi-monthly reports as of Feb 28, 1994 showed 66,356,166 shares of 807 issues compared with 68,492,494 shares of 808 issues on Feb 15, 1994. Larger individual positions included: Aber 192,700; Adrian…
World Wide to drill Nevada gold play
Drilling is scheduled to begin soon on the Easter gold project, 180 km north of Las Vegas, Nev. World Wide Minerals (TSE) reports that the primary vein structure extends beyond 7,000 ft. The initial t…
THE DIAMOND PAGE — Ashton Mining drills kimberlite body near
Three holes drilled by Ashton Mining of Canada (TSE) intersected kimberlite breccia at the Cross property in the Humpy Lake region, 100 km west of Lac de Gras, N.W.T. Samples were submitted for labora…
American Bullion cancels funding
Junior American Bullion Minerals (VSE) has shelved plans for a brokered private placement of 2.5 million units at $2 each, pending completion of independent engineering reports and improved market con…
Rabbit Lake gets federal OK
Uranium miner Cameco (TSE) has been given the green light to bring three new deposits into production at its Rabbit Lake operation, 420 km north of La Ronge, Sask. The federal natural resources minist…
Gibraltar adds to copper interests
An expanding Gibraltar Mines (TSE) intends to acquire the Lomas Bayas copper property in Chile. The decision — part of a corporate thrust to become a multi-mine copper producer — follows a joint-ven…