Canadian Arrow explores in Ontario
Canadian Arrow Mines (CDN) is exploring two of its Ontario properties for gold mineralization.On the Hislop property, near Timmins, Ont., the company is evaluating results from an induced-polarization…
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Results in from Wrightbar mine
Early drill results are available from the Wrightbar gold mine property in Quebec’s Bourlamaque Twp.Lithos (ME) dewatered the workings at the former-producing mine early in 1995, and, by December, had…
Athabaska working to revive former-producing Carolin mine
The prospect of reviving a past-producing gold mine has lured Athabaska Gold Resources (TSE) to Ladner Creek in the Cascade Mountains, about 14 miles northeast of Hope, B.C.The company is in the midst…
Flanagan group to reduce debt by 3-way amalgamation
Three affiliated companies — Muscocho Explorations (TSE), Flanagan McAdam Resources (CDN) and McNellen Resources (TSE) — have reached an agreement with their principal creditor to restructure their …
INVESTMENT COMMENTARY — Interest in senior Canadian gold producers remains high
Over the past two years, the price of gold has hovered narrowly between US$375 to US$395 per oz. And yet investors remain keenly interested in senior Canadian gold-producing companies, some of which h…
Alta cuts high-grade at Olinghouse
In northern Nevada, Alta Gold (NASDAQ) has started its third phase of drilling on the Olinghouse gold project, where preliminary results have confirmed the presence of high-grade mineralization.The pr…
INMETCO opens reclamation plant
International Metals Reclamation Co. (INMETCO), a wholly owned subsidiary of Inco, has begun recovering cadmium metal from spent nickel-cadmium batteries in Ellwood City, Pa.The $5-million cadmium rec…
Waseco eyes Indonesian properties
Toronto-based junior Waseco Resources (CDN) has set its sights on the Tewah gold project in Kalimantan, Indonesia.The company is negotiating an option agreement that will allow it to earn an undivided…
Rio Narcea starts feasibility at Valle
Denver-based Rio Narcea Gold Mines (TSE) reports that most of the 1.9 million common share purchase warrants issued at the time of the company’s public offering have been exercised.At the time of expi…
Northfield options gold property in Ecuador
If all goes as planned, Northfield Minerals (TSE) will acquire its second gold property in Ecuador.The company has signed an agreement to gain a 65% interest in the Nambija Uno mining concession, whic…
Romarco and Uranerz work Nike project
Partners Romarco Minerals (CDN) and Uranerz USA are so encouraged by recent exploration of their Nike gold propety in Nevada that they are already planning follow-up work for 1996.The 315-claim proper…
INSIDER TRADING — Cumberland Res. executives sold shares in November
Officers and directors of Cumberland Resource (VSE) took advantage of the rise in value of the company’s stock and sold shares in November, 1995.According to the Ontario Securities Commission’s OSC Bu…