Radisson to drill Quebec projects
Montreal-listed Radisson Mining Resources plans to drill three of its gold properties in northern Quebec later this winter. At the O’Brien property, in Cadillac Twp., a 13,000-ft. program will test se…
News
Public participation funding awarded
The federal government will provide $61,600 worth of assistance under the Participant Funding Program, to help individuals and groups participate in the environmental assessment review of the decommis…
SGS Open House, Manitoba convention draw delegates
More than 300 representatives of industry, government and universities attended the 25th anniversary Open House of the Saskatchewan Geological Society (SGS) in Saskatoon. In Winnipeg, the 1994 Manitob…
NEWS ROUNDUP — Cliff negotiates bridge loan
Strategic Industry Investments will lend $6 million to Cliff Resources (TSE) so that it can meet its obligations to Mineral Development. The latter is owned equally by Cliff and Strategic. Also, Cliff…
NEWS ROUNDUP — Major potash sale to China
Potash producers in Saskatchewan are selling 800,000 tonnes of their product to China. The sale by Canpotex, the producers’ offshore sales agency, is the single largest order ever sent to China and wi…
NEWS ROUNDUP — Bell Moly, Adanac plan merger
The rising price of molybdenum has prompted two Vancouver-listed companies — Bell Molybdenum Mines and Adanac Mining & Exploration — to amalgamate. Shareholders and regulators have yet to approve th…
NEWS IN BRIEF (December 19, 1994)
Goldpark Mines & Investments (GKT:TSE) has changed its name to Goldpark China on a share-for-share basis.
NEWS ROUNDUP — Dynacor uncovers new gold zone
Montreal-listed Mines Dynacor has uncovered a new near-surface gold zone at its Siscoe gold mining project near Val d’Or, Que. Lying west of the Main vein, the zone was discovered as a result of drill…
GOLD FUNDS (December 19, 1994)
Gold Funds as of Dec 12 BGR Central Net Value $16.81 $6.36 Price $13.38 6.375 Discount 20.44% Premium 0.2% Value $133,778,000 $115,383,038…
Toronto Stock Exchange Indices (December 19, 1994)
— 1994 — Dec 13 Dec 12 Dec 9 Dec 8 Dec 7 High Low Composite”300″ 4044.41 4045.09 4034.33 4046.57 4079.78 4609.93 3518.31 Metals&Minerals 3894.53 3948.92 3953.73 3960.50 4021.40 4289.04 3273.56 Integ…
Tan Range options Nigel gold mine
Alberta-listed Tan Range Exploration (ASE) has an option to buy the Nigel gold mine in South Africa’s Witwatersrand district. Up to its closure in 1991, the mine produced more than 3.3 million oz. gol…
Princeton expands Similco reserves
A drilling program has boosted the reserve base of the Similco mine project in southwestern British Columbia. Princeton Mining (TSE) says minable reserves at the Ingerbelle deposit have risen to 56.6 …