Correction (January 03, 1994)
Contrary to reports published in the Vancouver Stock Market column of Dec. 20, 1993, the 47 million tons of mineralization reported by Hycroft from its Brimstone exploration program is additional to t…
Articles by Northern Miner Staff
Metals sub-index continued to fall in October, bank says
In October, the metal and mineral sub-index of The Bank of Nova Scotias commodity price index dropped to the lowest level since January, 1979. A plunge in copper and lower aluminum prices swamped any …
FREE MARKET (January 03, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date Dec. 28 Dec. 27 Dec. 24 Dec. 23 Dec. 22 Copper N/A N/A N/A 1773-1774 1779-1780 Lead N/A N/A N/A 464-465 474-475 Zinc N/A N/A N/A 976-977…
INSIDER TRADING — Barrick officers sell
Three officers of American Barrick Resources (TSE) sold shares in November and December. According to the Ontario Securities Commissions OSC Bulletin, senior officer G. C. Wilkins exercised 230,000 op…
NovaGold options Corner Bays Touquoy property
Corner Bay Minerals (TSE) has optioned its Touquoy gold property in Nova Scotia to NovaGold Resources (TSE). NovaGold will pay $5,000 cash and will have 12 months to complete a feasibility study of th…
Private placement to fund drilling
Junior Conquest Yellowknife Resources has completed a private placement of flow-through and common shares. Proceeds of $104,000 will finance follow-up drilling on a recently acquired, 32-claim propert…
Formosa closes Oregon mine
The Silver Butte mine, near Riddle, Ore., is being closed permanently because of environmental concerns and low copper and zinc prices. Formosa Resources (VSE) is carrying on discussions with state au…
New SAG mill for Applied Carbon
Producer Applied Carbon Technology (VSE), formerly Cal Graphite, is commissioning a semi-autogenous grinding (SAG) mill at its graphite operation in Kearney, Ont. Part of a $4-million capital improvem…
Oasis completes offering of units
A $600,000 private placement has attracted 40 subscribers, Consolidated Oasis Resources (ME) reports. The offering consisted of 600 units at $1,000 each; the units are composed of 2,125 flow-through s…
La Colorada up and running
The heapleach sprinklers have been turned on at La Colorada, a gold mine near Hermosillo, Mexico. Eldorado (TSE) is earning a 70% interest from Minera Sotula S.A. de C.V. by placing the project in pro…
Dakoro venture producing gold from Bolivian placers
The Dakoro joint venture is now producing gold from one of its six properties in Bolivia. Dakota Resources (ASE) owns a half interest in the venture through wholly owned subsidiary SGS Resources. Prod…
NEWS IN BRIEF (January 03, 1994)
Lansco Resource (LNS:VSE) has changed its name to Bomax Resource (BXS:VSE) on a 1-new-for-10-old-share basis.