TSE INDICES (April 26, 1999)
1999Apr. 20Apr. 19Apr. 16Apr. 15Apr. 14HighLowCom…
Articles by Northern Miner Staff
Drilling begins at Doyle Lake
Five target areas in Blob Lake, at the Doyle Lake diamond project in the Northwest Territories, have been selected for drilling.Doyle Lake is a 60-40 joint venture between Gerle Gold (GGL-V) and Monop…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Royal Oak Mines slides into receivership
The bell finally tolled for Royal Oak Mines, as the civil court in Ontario withdrew the company’s protection from creditors and placed the company’s assets in the hands of a receiver. The receiver wil…
Nasdaq halts trading as Alta files for bankruptcy
With trading of its shares halted, Alta Gold (ALTA-Q) has filed for bankruptcy protection.The Nevada-based gold producer hopes to restructure US$29 million in outstanding debt as well as US$4 million …
Copper Ridge gains ground from Kinross
Copper Ridge Explorations (KRX-T) has entered into an agreement to acquire from Kinross Gold (K-T) five mineral properties in the Yukon, Alaska and Arizona.The Vancouver-based junior will lay claim to…
Westward to start program
An option deal will enable Westward Explorations (wwe-v) to earn from Cameco (CCO-T) a 51% interest in the Los Caballos property in Argentina.Cameco identified Los Caballos, which lies near the Chilea…
DIAMOND PAGE — Afridi Lake proves barren
Drilling by Pinewood Resources (PNW-V) at a property in the Afridi Lake area of the Northwest Territories has failed to encounter any kimberlite.Prior to drilling, the Vancouver-based junior evaluated…
GOLD FUNDS (April 26, 1999)
Gold Funds as of April 15, 1999BGRCentralNet Value$13.595.62Price$9.30$5.
LETTERS TO THE EDITOR — Band-Ore takes mines minister to task
Dear Chris Hodgson:The recent actions of the Ontario government with their “Lands For Life” policies appall me and my shareholders. The government has enacted a policy during the worst business cycle …
DIAMOND PAGE — NAME CHANGE (April 26, 1999)
Chandeleur Bay Production (CYJ-V) has changed its name to Golden Raven Resources (GVN-V) on a 1-new-for-7-old-share basis.
DIAMOND PAGE — Monopros discovers small pipe in NWT
Monopros has discovered a new kimberlite pipe between the 5034 and Hearne pipes on the AK property at Kennady Lake in the Northwest Territories.The Canadian exploration arm of De Beers Consolidated Mi…
Medinah buys properties
California-based Medinah Energy (MDIN-O) has acquired the Alto de Lipangue and Las Dos Marias gold properties, which comprise 5,000 ha in central Chile.The company paid US$10 million to the vendor, wh…