NEWS ROUNDUP — Rio Narcea gets TSE listing
Common shares and common share purchase warrants of Rio Narcea have begun trading on the Toronto Stock Exchange. Upon completion of the initial public offering, the company will have 16.3 million comm…
News
LAST BUT NOT LEAST — Sonora closes Jamestown mine
Mining has ceased at the Jamestown open-pit gold mine in California. The mine, wholly owned by Sonora Gold (TSE), produced 92,000 oz. in 1993, 129,200 oz. in 1992 and 132,400 oz. in 1991. Sonora origi…
LAST BUT NOT LEAST — W. Troy works Northern Ont. play
Western Troy Capital Resources (ASE) reports that work is continuing on its Wagg gold property in Menary Twp. near Nestor Falls, Ont. An open-cut designed to intersect the F, E and D zones has exposed…
Atapa explores Ontario plays
As part of an option agreement with Teck (TSE), CDN-listed Atapa Minerals has completed in-depth exploration of a portion of the former’s property in Ontario’s Catherine and Pacaud twps. The program t…
NEWS ROUNDUP — New-found gold for New Island
Alberta-listed New Island Minerals has discovered a new gold zone on its Glover Island property in western Newfoundland. The discovery, called the Lucky Smoke zone, is about 8 km north of the Lunch Po…
Berry awarded Wilson Medal
The Canadian Geophysical Union (CGU) recently awarded its Wilson Medal to Michael Berry of the Geological Survey of Canada (GSC). The medal, named for the late J. Tuzo Wilson, is awarded annually by C…
THE DIAMOND PAGE — De Beers’ rough diamond sales point to
De Beers’ Central Selling Organization (CSO) sold US$2.6 billion worth of rough diamonds in the first half of 1994. This figure is 1.5% higher than the same period last year and a healthy 41.5% higher…
Strong new powers recommended for OSC
A task force studying the Ontario Securities Commission (OSC) is recommending broadening the regulator’s powers. The changes would allow the OSC, which oversees Canada’s largest securities market, to …
Princeton set to resume operations at Similco mine
The Similco copper mine near Princeton, B.C., will resume production in early August. The decision by owner Princeton Mining (TSE) reflects a 40 cents-per-lb. increase in the price of copper since ope…
Southern Pacific stakes Mexican copper
Southern Pacific Copper (VSE) has acquired the Toliman porphyry copper prospect in Mexico’s Chiapas state. It acquired the 3,600-hectare concession by staking after it was released from the federal re…
Starcore exploring platinum project
Drilling is expected to begin later this summer on the Goodnews Bay platinum project 420 miles southwest of Anchorage, Alaska. The program will be managed by Starcore Resources (VSE), a Murray Pezim-c…
Ft. MacKay deal nixed by Lac and Tintina
Three TSE-listed companies — Lac Minerals, Tintina Mines and NSR Resources — have ceased negotiations to pool land and jointly develop a gold exploration program in the Fort MacKay area of northeast…