Diamond Fields raises $5 million
A brokered private placement of 1.5 million special warrants at $3.40 each will net Diamond Fields Resources (VSE) just under $5 million. The issue replaces a financing which the company was forced to…
News
Deep extension possible: MSV
Drilling by MSV Resources (ME) on its Copper Rand property near Chibougamou, Que., indicates a deep extension of the gold-copper mineralization. The company says “interesting gold and copper values” w…
STOCK MARKETS — Gold remains stable amidst more Russian
One might have expected rather dramatic rumblings in the gold market this report week, when Russian President Boris Yeltsin’s tanks blasted holes in the Russian parliament buildings to end a week-old …
ODDS’N’SODS — The Ringsleben-Lakes connection
I first met Bill Ringsleben and Harold Lakes at the Emerald mine at Salmo, B.C., in the 1940s. Canadian Exploration had recently bought the Iron Mountain holdings from War-Time Metals and was anxious …
ELECTION ’93 — MINING FOR ANSWERS — Tough environmental
In preparation for the Oct. 25 federal election, The Northern Miner asked representatives of four of the main political parties to respond to a series of questions pertaining to mining. All representa…
Flag continues drilling in Sudbury
A second hole is under way at Flag Resources’ Mackelcan Twp. gold property northeast of Sudbury, Ont. The hole is being drilled to test a mineralized breccia zone which the company says contains “sign…
Altai confirms surficial gold zones at Peru deposit
A field program by Altai Resources (TSE) on its Rio de Oro property in north-central Peru has confirmed the presence of a high-grade surficial gold deposit amenable to open-pit mining. Four gold-beari…
NEWS ROUNDUP — Aurizon, Cambiex detect anomaly
An anomaly has been detected on the east-central part of the Dormex gold property of Aurizon Mines (TSE) and Cambiex Exploration (ME) which surrounds the Sleeping Giant mine near Amos, Que. Close to b…
PRODUCER PRICES (October 11, 1993)
ALUMINUM: MW U.S. market US51.75-52.75 cents per lb. (Sept. 23, 1993). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.65 per lb. (Sept. 23, 1…
TORONTO STOCK EXCHANGE INDICES (October 11, 1993)
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Noranda Minerals spins off advanced materials company
A new business unit known as Noranda Advanced Materials has been opened in Ville Saint-Laurent, Que. The company is an offshoot of Noranda Minerals, itself a subsidiary of Noranda (TSE). It will produ…
TSE SHORT POSITIONS (October 11, 1993)
Semi-monthly reports as of Sept 15 showed 76,538,373 shares of 760 issues compared with 75,759,200 shares of 729 issues on Aug 31. Larger individual positions included: Aber 134,000; Agnico-Eagle 91,1…