Companies (February 12, 1996)
INDEXAfrican MineralAkiko GoldAlberta EnergyAlta GoldAltai Res.Arequipa Res.Armistice Res.Asquith Res.Aur ResourcesAvalon VenturesBarrick GoldBHP MineralsBlack Hawk M’gBoron ChemicalsBreX MineralsBrea…
News
Oglebay Norton exits taconite operations
Oglebay Norton (NASDAQ) will not extend its contract as manager and employer at the Eveleth Mines taconite operation in northeastern Minnesota.After years of disagreement on how the project should be …
Chief beefs up deposit in Utah
If the latest assays are any indication, Chief Consolidated Mining (NASDAQ) will be increasing its reserve estimates for the New Burgin deposit in Utah.Five holes, drilled underground, encountered hig…
Avalon, Starcore nab five N.W.T. properties
Avalon Ventures (VSE) and Starcore Resources (VSE) have acquired five additional mineral properties between them in the Mazenod Lake area of the Northwest Territories.The companies have agreed in prin…
Pentland ponders underground programs in Hoyle Twp.
With three gold properties taking shape near the Bell Creek mine in northeastern Ontario, Pentland Firth Ventures (TSE) is formulating underground programs, to be implemented in the third quarter.Gold…
Ore outlined at Cerro San Pedro
A prefeasibility study on the Cerro San Pedro heap-leach gold-silver project in central Mexico has outlined nearly 2 million oz. gold-equivalent.Owner Metallica Resources (TSE) estimates a preliminary…
CaribGold surveys Cuban properties
In search of drill targets, CaribGold Resources (TSE) is conducting geophysical surveys on its most advanced properties in Cuba.An induced-polarization (IP) survey exceeding 50 line km is being carrie…
Black Hawk Mining to put Redstone on hold
Preferring to sell at higher prices, Black Hawk Mining (TSE) has delayed production at its Redstone nickel deposit in northeastern Ontario. The mine will be closed until the nickel market improves.The…
Cons. Professor gives in to takeover by Royal Oak
Several large shareholders in Consolidated Professor Mines (TSE) have agreed to an 80 cents-per-share takeover offer from Royal Oak Mines (TSE). For its part, Royal Oak will be looking at production p…
Inter-Rock funds development at Daisy
Montreal-listed Inter-Rock Gold will raise $3.5 million to finance development at the Daisy gold project near Beatty, Nev.The funds will be raised by offering units, the price of which will be establi…
Kinross closes new transactions
A group consisting of Nesbitt Burns, Midland Walwyn Capital, Scotia-McLeod, CIBC Wood Gundy, First Marathon Securities, Richardson Greenshields of Canada and Goepel Shields and partners has acquired 7…
Altai adds to Asian portfolio
Altai Resources (TSE) has acquired a 40% working interest, plus a 10% net smelter return, on a nickel-cobalt property in the Philippines, and plans to carry out a feasibility study this year.The 17-sq…