Champion Bear to drill Dryden property
About 3,600 metres will be drilled at the Plomp Farm property of Champion Bear Resources (ASE), 18 km west of Dryden, Ont. The work will test shear-zone gold mineralization.The company has performed g…
News
Hemlo to re-open Golden Giant
Production at the Golden Giant mine near Marathon, Ont., will resume by mid-December, says owner Hemlo Gold Mines (TSE).Production at the mine was halted in late October after monitoring systems indic…
DIAMOND NEWS ROUNDUP — Redaurum buys majority stake in South African producer
The largest Canadian-based diamond producer, Redaurum (TSE), is about to get larger.The company has entered into an agreement to buy an 80% interest in a producing alluvial diamond mine in South Afric…
Armistice aims to boost reserves
Interim results of underground drilling at the Sheldon-Larder property suggest there is potential to increase re-serves substantially, says owner Armistice Resources (ME).So far, about 8,000 ft. have …
Ontario plans amendments to Mining Act to reduce red tape
Proposed amendments to Ontario’s Mining Act will simplify and streamline the process of mine closure in the province, the Ministry of Northern Development and Mines promises.Changes include the replac…
Orvana expands in Bolivia
Orvana Minerals (TSE) has acquired a gold-copper project in eastern Bolivia, which it believes could enter production by 1997.The company recently reached an agreement to acquire the Don Mario gold-co…
Drilling at Copper Rand mine is expected to boost reserves
Exploration drilling between the 3800 and 5000 levels of the the Copper Rand mine in Chibougamau, Que., could lead to a substantial increase in reserves.MSV Resources (ME) recently drilled nine holes …
Sunshine Mining moves to prop up its common stock
Silver producer Sunshine Mining & Refining (NYSE) plans to do away with its preferred stock and merge with a subsidiary in an effort to bolster the stock price.The company reached an agreement with th…
METAL PRICES — FREE MARKET (November 20, 1995)
London Metal ExchangeSpot closing prices in $US per tonneDateNov. 14Nov. 13Nov. 10Nov. 9Nov. 8Copper3018-3023 3032-3037 2947-2952 2990-29952967-2972Lead684-685 684-685 688-689 679-680 671-6…
Partners focus on Rainy River
Two companies with substantial land positions in the Rainy River area of northwestern Ontario have signed an agreement that will see each hold a 4.9% working interest in the other’s properties.Nuinsco…
Newmont Gold files complaint against Barrick Gold over land use
A complaint has been filed by Newmont Gold (NYSE) and its subsidiary, Elko Land & Livestock, against Barrick Gold (TSE) and its wholly owned subsidiary, Barrick Goldstrike Mines.The complaint stems fr…
GREATEST VALUE TRADED (November 20, 1995)
Sherritt T173569$20 1/81819 7/8+1 7/8Inco Ltd T113437$47 5/845 5/847+3/8Barrick Gold T112343$35 1/833 1/233 1/2-3/8Placer Dome T101288$33 1/231 5/831 3/4-3/4Kinross Gld T…