Audrey’s board OKs Cambior bid
The directors of Audrey Resources (TSE) have recommended that minority shareholders accept Cambior’s (TSE) offer to buy the 25% portion of shares that Cambior does not already own.Cambior is offering …
News
LETTER TO THE EDITOR — Voisey Bay story recalls Harp Lake exploration
Recent issues of The Northern Miner have made reference to copper-nickel discoveries by Kennco in the Harp Lake intrusion in the early 1970s. Readers may be interested in the extent of this early expl…
Mines ministers agree on need to reduce red tape
The 52nd annual conference of mines ministers, held recently in Saskatoon, Sask., bore uncommon fruit this year: agreement between the ministers and industry representatives on the need to cut regulat…
Golden Tag options Red Lake claims
Options on two blocks of claims near Red Lake, Ont., have been taken by Golden Tag Resources (VSE).The first, a block of eight claims in Dome Twp., covers the northern tip of McKenzie Island and the s…
Nelson Gold advancing Tajik project
For companies operating in the former Soviet Union, good advice is precious. Recognizing this, Nelson Gold (TSE) has engaged International Finance Corporation to provide financial consulting services …
Antares to mill Lady Lina ore
With positive results in hand from an initial feasibility study on its Lady Lina gold property in Zimbabwe, Antares Mining and Exploration (TSE) intends to begin processing ore at the adjacent Vubachi…
Lithos sees more reserve potential at Wrightbar
New reserve figures are likely to come from planned exploration drilling at the Wrightbar mine near Val d’Or, Que. Owner Lithos (ME), which dewatered the workings at the former producing mine last win…
Waddy Lake and Golden Rule agree on merger terms
The boards of directors of Waddy Lake Resources (TSE) and Golden Rule Resources (TSE) have agreed on a share exchange that will see the two companies merge.Golden Rule, through its wholly owned unit G…
La Teko lands partners for Ryan Lode mine
With an attractive reserve figure at the Ryan Lode gold mine near Fairbanks, Alaska, La Teko Resources (NASDAQ) has granted an option to two small companies in an effort to reopen the operation.The co…
DIAMOND NEWS ROUNDUP — Third kimberlite uncovered at Cross diamond joint venture
Exploration on the Cross property in the Northwest Territories has led to the identification of a third kimberlite pipe for partners Ashton Mining of Canada (TSE), Tenajon Resources (VSE) and Pure Gol…
Correction (September 25, 1995)
Assays on drill cores from the Box gold mine of Greater Lenora Resources (TSE) ranged from 0.79 gram gold per tonne over 35 metres to 4.32 grams over 38 metres. Incorrect information appeared in our S…
MARKET STORY — Rise in resource index reflects stronger western markets
Western markets gained ground over the report period ended Sept. 12, with the Vancouver Stock Exchange resource index adding more than 28 points to close at 1,385.87.The composite index ignored the mo…