BP Canada Inc. raising funds for capital use
BP Canada Inc. has filed a preliminary prospectus for an offering in Canada of 3,000,000 common shares at a price of $36.625 per share. The underwriters for the issue are Wood Gundy Inc. and McLeod Yo…
Articles by Northern Miner Staff
Canper drilling in Larder Lake LD
A 4,200-ft drilling program is continuing at Canper Resources’ Katrine-Ossian Twp. gold property in the Larder Lake area of northeastern Ontario, known formerly as the Walsh-Katrine mine. To date, gol…
Perrex to probe three properties
Perrex Resources plans to spend $475,000 on exploration of the company’s 103-claim property in Harker and Elliott twps., Ont. Located north of Kirkland Lake, Ont., the properties cover structures beli…
Toronto Stock Exchange TSE short positions
Semi-monthly report as of Dec 15 showed 15,239,477 shares of 626 issues compared with 15,703,337 shares of 632 issues on Nov 30. Larger individual positions include: Amer. Barrick 33,500; Asamera 82,6…
Lakeshore placement
Lakeshore Minerals says it recently completed a private placement of 100,000 units, each unit consisting of three Lakeshore common shares and one warrant good to purchase a single common share for $1,…
Cons. Five Star acquires Chaffinch
Consolidated Five Star Resources says it has acquired all of the outstanding shares of Chaffinch Ltd., a private corporation, for a total consideration of $10,750,000. Five Star says included in the a…
Masst B.C. bet
Further drill results have been reported by Masst Resources on its mineral claims in the Quesnel mining division of British Columbia. The company, which last week reported two holes with intersections…
ATLANTIC REPORT Teck enters Nova Scotia gold scene
Vancouver-based Teck Corp. has entered the Nova Scotia gold play by optioning 208 contiguous claims near the Beaver Dam gold district in Halifax Cty. from Dartmouth businessman Trenholme Lodge. The cl…
New zone drilled by Highland-Crow
A new gold-bearing zone has been discovered on the large property held by Highland-Crow Resources. Located northeast of Pickle Lake, Ont., the property includes the former producing Patricia Crow mine…
Gunnar, City Gold to give Dassen gold bet option
Gunnar Gold Inc. says an agreement has been entered into with Dassen Gold Resources for an option to earn an undivided 50% working interest in the Normetal South property located in Desmeloizes and Cl…
N.S. Chamber Annual Meeting
The Chamber of Mineral Resources of Nova Scotia will hold its annual meeting on Feb 5 and 6 at the Lord Nelson Hotel in Halifax. There will be an opening reception on Thursday evening Feb 5 with the a…
$9.8 million earmarked for Broulan property
A $9.8-million exploration program, most of it earmarked for underground work, is scheduled by Belmoral Mines over the next 14 months for the area between the old Reef and Hallnor mines in Timmins, gr…