FINANCING (October 30, 1995)
Artina Resources Ltd. — 300,000 shs @ 50 cents per sh.
News
NEWS IN BRIEF (October 30, 1995)
Feather Gold Resources (FG:VSE) has changed its name to Sovereign Chief Ventures (SCV:VSE) on a 1-new-for-4.7-old-share basis.
Cartaway finances drilling
A $4-million private placement provides Cartaway Resources (VSE) with funds for exploration work on its property interests in the Voisey Bay region of Labrador.The company is carrying out drilling on …
Refugio mine on track for production
When the Refugio mine pours its first gold late this year or in early 1996, it will become one of the largest open-pit, heap-leach mines in the world, with projected gold production of 233,000 oz. ann…
Northgate sells NorthWest Gold
Toronto-based Northgate Exploration (TSE) has sold wholly owned subsidiary NorthWest Gold to Kinloch Holdings. NorthWest’s only asset is a 42% interest in Sonora Gold (TSE).Northgate will be relieved …
Feasibility completed for Greater Lenora’s Goldfields
Final feasibility work on the Goldfields project, near Uranium City, Sask., suggests that production from the project’s Box and Athona deposits will have an operating cost of US$212 per oz.Owner Great…
Partners drill holes at Whistle Lake
Partners Cumberland Resources (TSE) and International Vestor Resources (VSE) have drilled four holes in a 3,390-ft. program on the Whistle Lake polymetallic property north of Thunder Bay, Ont.The prop…
Summo hopes to prove copper play is a champ
Drilling will soon begin at the Champion copper oxide property in Taos Cty., N.M.Summo Minerals (VSE) plans to complete a 12-hole program of reverse-circulation drilling to test an area around, and al…
Ascot hits gold near Harp Lake
Exploration work in the Harp Lake area of Labrador has turned up gold mineralization for Ascot Resources (VSE).The company made the discovery within a diorite sill on its wholly owned claims near Shap…
GSC colloquium will shed light on Canadian types of mineral deposits
The next Minerals Colloquium of the Geological Survey of Canada, scheduled for Jan. 22-24, 1996, will focus on current concepts of Canadian mineral deposit types.The theme is expounded in the compendi…
ODDS’N’SODS — Manitoba’s mining past
A good way to start an argument with a prospector is to tell him you are certain as to when the first mine in a province was discovered. Nine times out of 10, there will be a difference of opinion. Vi…
Zinc sales to be reviewed by U.S. Congress
The U.S. Congress has called for a review of sales of zinc from the National Defense Stockpile, reports the American Zinc Association (AZA).Representative Herbert Bateman, chairman of the House subcom…