Borneo Gold completes drill phase in Indonesia
Toronto-based Borneo Gold (BNO-V) has intersected two styles of gold occurrence during an initial phase of drilling on the Bunut epithermal project in West Kalimantan, Indonesia.Gold mineralization oc…
1998
Canadian firms buy Australian explorer
Consortium of three juniors takes up 80% interest in Kinver Four Canadian companies have banded together to buy a majority interest in Australian firm Kinver Mining.The conglomerate — including Elles…
INDUSTRIAL MINERALS — Non-metallics making money coast to coast
Northern Miner StaffOften overshadowed by metals and hydrocarbons, the industrial minerals sector was a $3-billion business in 1997, providing about 15% of the value of Canada’s mineral production. Ad…
Aurizon sets production records
Thanks to improved operations at its half-owned Sleeping Giant and Beaufor gold mines in Quebec’s Abitibi region, Aurizon Mines (ARZ-T) has posted record gold production for the first three quarters o…
Careers (October 19, 1998)
Svedala Industries Canada Inc.
Canarc deals Mexican option to Noranda
Canarc Resource (CCM-T) has agreed to a $312,000 private placement financing with a major shareholder.The financing consists of 780,000 shares at 40 cents each and 390,000 warrants, exerciseable at 60…
Bresea merger on hold
A takeover offer from MacDonald Mines Exploration (MMP.A-A) that would have seen a merger with moribund Bresea Resources has been scotched by Bresea’s receiver, Pricewaterhouse Coopers.MacDonald offer…
MOST ACTIVE ISSUES (October 19, 1998)
ExchgVolume(000s)HighLowCloseChangePlacer DomeT19…
INDUSTRIAL MINERALS — Zemex pushes out stock dividend
Industrial minerals producer Zemex (ZMX-N) has declared a stock dividend.Shareholders of record on Oct. 19 will receive one additional share for every 50 shares held, payable on Nov. 2. Zemex has abou…
GOLD FUNDS (October 19, 1998)
Gold Funds as of October 8, 1998BGRCentralNet Value$14.606.25Price$11.80$…
LME WHSE LEVELS (October 19, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Oct. 13/98 (change from Oct. 6 in brackets):MetalStocks (tonnes)Change…
INDUSTRIAL MINERALS — Robex sells Upton barite deposit
East Coast drilling improves economics of eastern Quebec project Ten years of exploration at the Upton barite deposit near Montreal, Que., are beginning to bear fruit for owner Robex Resources (RBX-T)…