NEWS ROUNDUP — Cambiex plans share offering
Junior Cambiex Exploration has filed a preliminary prospectus with the Quebec Securities Commission for an offering of 5,000 units at $1,000 per unit. Each unit consists of 800 flow-through shares and…
Articles by Northern Miner Staff
BHP options New Brunswick properties
In return for a production royalty and advanced royalty payments, BHP Minerals Canada has leased PGE Resource’s (ASE) Bill’s Lake and Mechanic Settlement properties in New Brunswick. The Bill’s Lake c…
NEWS ROUNDUP — Orleans drilling for wollastonite
Drilling at the wollastonite property of Ressources Orleans (ME) in St-Onge Twp. in the Lac St-Jean area of Quebec has outlined a preliminary reserve of 8.7 million tonnes. President Jean-Guy Masse sa…
Placer acquires additional interest in Musselwhite
Gold producer Placer Dome (TSE) is paying $5 million cash for Homestake Canada’s 25% interest in the Musselwhite gold property, 80 miles north of Pickle Lake, Ont. Homestake will retain a 5% net proce…
Pezim case to highest court
Mining promoter Murray Pezim isn’t off the hook yet. The Supreme Court of Canada will hear an appeal in which the British Columbia Securities Commission will try to overturn a lower court ruling which…
Exploration workshop at Queen’s
A course on the exploration of convergent plate margins (CPMs) is to be held at Queen’s University on June 2-4. The course, a follow-up to last year’s workshop on giant ore deposits, is being held on …
COMMENTARY — Mobile miners making moves
From a recent edition of the Northwest Mining Association’s Bulletin: Today’s mining companies aren’t just planning for the new world of minerals. They’re also anticipating how that world will affect …
Russian diamond tour organized
Toronto consulting firm Watts, Griffis & McOuat and its Russian partner, Almazy Rossia-Sakha, will tour the Russian diamond region of Sakha (formerly Yakutia) from May 23 to June 2. Seminars, case stu…
Strong proposes overhauling Ontario Hydro
Ontario Hydro Chairman Maurice Strong, who recently announced a major overhaul of the provincial utility, will speak at the April 29 luncheon of the Toronto branch of the Canadian Institute of Mining,…
Challenger conducts EM survey at Marshall Lake property
A surface pulse electromagnetic (EM) survey is under way on Challenger Minerals’ (TSE) Marshall Lake base metal property, 160 miles northeast of Thunder Bay, Ont. The survey is searching for the down-…
INSIDER TRADING — Rhonda insider buys on drilling
About the time Rhonda Mining (ASE) resumed drilling in the Fort a la Corne diamond area of Saskatchewan, Chairman John Alston raised his stake in the junior by 35%. According to the Ontario Securities…
STOCK MARKETS — Investors remain attracted to Kilometre 88
The Vancouver Stock Exchange resource and composite indices slowed their advances during the week ended March 16, 1993. Since the start of the year, the resource index has gained more than 25% at its …