Soquem drilling cuts copper values
The first three holes have been completed by Soquem in its exploration program on Corner Bay Minerals’ (TSE) copper property near Chibougamau, Que. These are infill holes on the shear zone which hosts…
Articles by Northern Miner Staff
Aber to continue drilling High Lake
Vancouver-based Aber Resources (TSE) says it will complete 4,000 metres of drilling on the High Lake copper-zinc project in the Northwest Territories this year. The property, 65 km from the Arctic coa…
STOCK MARKETS — Market dips, gold rises after presidential
It’s amazing what effect a few words from a political leader can have on stock markets. When U.S. President Bill Clinton previewed his plans on national television to reduce his country’s deficit, the…
STOCK MARKETS — Gold discovery news fuels activity on
The gold potential of Venezuela and the gold and diamond potential of the Northwest Territories continued to drive investor interest on western markets during the period ended noon today, Feb. 17. But…
GOLD FUNDS (February 22, 1993)
BGR Central Net Value $8.83 $5.05 Price $6.88 $4.75 Discount 22.14% 5.9% Value $49,462,000 $79,915,425…
FINANCING (February 22, 1993)
Dryden Res. Corp. — 1,000,000 shs. with a minium subscription of 1,000,000 shs. @ 60 cents per sh. Stow Res. Ltd. — 700,000 shs. @ 80 cents per sh.
TORONTO STOCK EXCHANGE INDICES (February 22, 1993)
Composite”300″3410.50 3442.19 3445.55 3443.17 3442.09 4009.47 3009.91 Metals&Minerals 2889.89 2927.23 2931.90 2947.11 2950.35 3453.06 2502.63 Integrated Mines2961.95 3033.64 3040.35 3058.59 3066.52 36…
PRODUCER PRICES (February 22, 1993)
ALUMINUM: MW U.S. market US55-56 cents per lb. (Feb. 4, 1993). ANTIMONY: MW New York dealer US78-88 cents per lb. (July 30, 1992). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (June 11, 1992). CAD…
Canmine detects gravity anomaly
Canmine Resources (CDN) says a gravity anomaly recently detected on its Fer property in Manitoba suggests polymetallic mineralization intersected there last winter has a minimum strike length of 500 m…
More about diamonds (February 22, 1993)
Canadian mining companies are involved in the search for diamonds both at home and abroad: N.W.T. — Ashton Mining of Australia has elected to exercise the buyback clause in its joint venture agreemen…
Cameco to supply Ontario Hydro
Saskatoon-based Cameco (TSE) says it has secured a 7-year agreement to provide Ontario Hydro with more than 2.7 million lb. of U3O8. The company says the uranium, to be supplied from Cameco’s Saskatch…
Cream Silver loses appeal
The British Columbia Court of Appeal recently ruled that Cream Silver Mines (VSE) is not entitled to compensation for the loss of its rights to explore and develop mineral claims in Strathcona Park on…