Canyon extends date for warrants
Junior Canyon Resources has extended the expiration date of warrants for buying stock.The extension, to Sept. 30 from June 30, applies to 3.9 million warrants exercisable at US$3.50 per share.Startup …
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Morrison Knudsen picked for Fort Knox
Contractor Morrison Knudsen (NYSE) has been selected to construct facilities for the Fort Knox gold mine, north of Fairbanks, Alaska.Fairbanks Gold Mining, a wholly-owned subsidiary of Amax Gold (NYSE…
Hecla Mining moves closer to turnaround
Despite a considerable improvement over the same period of 1994, Hecla Mining’s (NYSE) report for the recent first quarter was marred with red ink.A US$10-million rise in revenue to US$37 million did …
Santa Fe reinterprets Springpole
Exploration at the Springpole project, 71 miles east of Red Lake, Ont., will return to the basics this summer as Santa Fe Pacific Gold (NYSE) attempts to reinterpret the property’s geology.Santa Fe, w…
Channel to make rights offering
A planned rights offering by Channel Resources (VSE) will enable the junior to continue exploring its gold concessions in Burkina Faso, West Africa.Channel, which has 19 million shares outstanding, wi…
Toronto Stock Exchange joins top 10 list
The Toronto Stock Exchange has joined the top 10 list of world stock exchanges.Record trading values of US$133.4 billion catapulted the TSE to a new plateau; it now ranks 10th amongst the world’s elit…
ODDS’N’SODS — From rags to riches to rags
Prospector Samuel Hawkins Napier grew up in Bathurst, N.B., where the Nepisiguit River flows into Chaleur Bay.Upon leaving public school, he got a job working in a local saw mill. His elder brother, C…
Inter-Rock and Rayrock advancing Daisy project
Shareholders attending the recent annual meeting of Inter-Rock Gold (ME) were told that the Daisy gold project in Nevada should be up and running by late 1996.Engineering work and permitting are under…
COMMENTARY — Worldwide gold exploration prospects
The Mining Investment Service of Tucson, Ariz., has compiled a study based on 434 gold exploration deposits throughout the world. And although these projects exist at various stages of exploration, su…
Louvicourt adds to Novicourt earnings
Junior Novicourt (ME) generated $11.9 million in revenue during the first quarter.The revenue was derived from the company’s 45% interest in the Louvicourt base metal mine near Val d’Or, Que.The Louvi…
Gold Reserve works Km 88 play
With three rigs operating and 40 more holes planned for the current phase of drilling, Gold Reserve (TSE) continues to receive encouraging results from its Las Brisas property.Situated within the Kilo…
Low Canadian dollar benefits Ontario mining industry
Metallic commodities are priced in U.S. dollars and, because of this, monetary exchange rates have a significant impact on the revenues generated by Ontario mining operations.The mineral sector analys…