EXPLORATION ’94 — Bulk sample for Armistice
A bulk-sampling program is planned by Armistice Resources (ME) for its gold property adjoining the old Kerr Addison property at Virginiatown, Ont. The 11-month, $1.7-million program will involve the e…
Articles by Northern Miner Staff
Teck boosts stake in Cominco (March 07, 1994)
Companies heavily dependent on zinc operations have not fared well in recent years, and Cominco (TSE) is no exception. The major posted a loss of $113.2 million for 1993, which follows a loss of $30.2…
Savanna increases Baffin Island holdings
Alberta-listed Savanna Resources has been granted an additional six prospecting permits in the Foxe fold belt of central Baffin Island. This brings its total number of permits to 10. Noranda Explorati…
NEWS ROUNDUP — Soquem hits new zone on Vior land
A new gold zone has been intersected on the Douay North-West property near Joutel, Que. Soquem is earning a 60% interest from Societe d’exploration miniere Vior (ME) by completing a drill program. The…
PEOPLE — AMERICAN MINING CONGRESS (March 07, 1994)
Richard Osborne elected chairman; Allen Born elected vice-chairman; Douglas Yearley elected vice-chairman and chairman of the financial committee; David Eckert, J. Harvey, Werner Nennecker and Richard…
PEOPLE — AARON OIL (March 07, 1994)
Peter Kreutzer appointed chief executive officer and Andrew Hyslop appointed chairman and director.
THE DIAMOND PAGE — Canadian junior increases stake in South
Vancouver-listed junior Diamond Fields Resources will assume total ownership of the Loxton Dal and Frank Smith mines in South Africa. Chairman Jean-Raymond Boulle has announced plans to acquire an out…
STOCK MARKETS — Precious metals indexes rise
Gold bullion prices were again weaker, but the slide was at least minor compared with that of last week. Spot prices were off US$1.05 per oz., closing at US$376.45. In spite of bullion weakness, the T…
BGR Precious nets $42.6 million
Toronto-listed BGR Precious Metals has raised $42.6 million. The funds are from the sale of 2.5 million units at $17.85 per unit. Each unit consists of one Class A share and a Class A share purchase w…
Financing (March 07, 1994)
Bamco Minerals — 1 million shs @ 20 cents per sh. Blackpool Exploration — 2.2 million shs @ 15 cents per sh. Dalton Res. — 2 million shs @ 10 cents per sh. Early Res. — 1.5 million shs @ 10 cents …
T&H interested in cement plant
Junior T&H Resources (TSE) is negotiating with Michael Zhang for the right to acquire up to a 60% interest in a cement plant, near Changchun in southeastern China. By way of a private placement, Zhang…
Hemlo lawsuit back in courts
The battle for riches from Ontario’s famous Hemlo gold camp is back in the courts. Three motions are to be heard this week in the Ontario Court, General Division, regarding the 7-year-old lawsuit brou…