Viceroy sinks debt, focuses on Africa
With a prepaid shipment of gold from the Castle Mountain mine in northern California, Viceroy Resources (TSE) has eliminated its gold loan 14 months ahead of schedule. The shipment amounted to about 9…
Articles by Northern Miner Staff
Geddes raises cash by offering
A rights offering is expected to raise $1.6 million for Geddes Resources (TSE). The company plans to use some of the proceeds to fund its working capital deficit. Shareholders will be able to buy one …
Paramount advances projects
Exploration programs are planned for the mineral projects of Paramount Ventures & Finance (VSE) in the Northwest Territories and Argentina. The junior holds varying interests in joint ventures compris…
TSE SHORTS (April 17, 1995)
Semi-monthly reports as of Mar. 31, 1995 showed 242,778,008 shares of 777 issues compared with 228,987,690 shares of 784 issues on Mar. 15, 1995. Larger individual positions included: Aber Res. 50,200…
Orvana upgrades Central Inlier
Drilling on the Central Inlier property in Jamaica has returned significantly better gold grades than previous attempts. Orvana Minerals (TSE) drilled four test holes on the Bennet zone, using techniq…
Inco completes IP survey work
Drilling is under way at a gold-copper-zinc property in Quebec’s Casa Berardi Twp., Cross Lake Minerals (VSE) and East West Resource (VSE) report. The juniors say the exploration unit of Inco (TSE) co…
Jordex teams with Barrick
A joint-venture agreement between Barrick Gold (TSE) and Jordex Resources (TSE) enables the former to earn a 60% interest in nine gold properties in eastern Bolivia. To do so, Barrick must spend up to…
STOCK MARKETS — Western markets take breather after diamond
Western markets cooled somewhat over the report period ended April. 11, following the recent diamond-related run-up. The Vancouver Stock Exchange resource index slipped 24.56 points to finish at 1,216…
DIAMND NEWS ROUNDUP — Sampling results reported from
Vancouver-listed Trade Winds Resources has received initial diamond recovery results from limited sampling of three widely spaced drill holes on the Drybones Bay kimberlite pipe near Yellowknife, N.W….
BOOK IN REVIEW — The mines of Red Lake
The Gold Mines of Red Lake, Ontario, Canada, written and published by D.F. Parrott, 204-120 South Cumberland St., Thunder Bay, Ont. P7B 5R7. Printed by Derksen Printers, Steinbach, Man. Hardcover, 256…
BHP, Canyon in Montana
NASDAQ-listed Canyon Resources will allow BHP Minerals International Exploration (NYSE) to explore some 900,000 acres of its properties in western Montana. BHP can earn a 51% interest in the propertie…
Gibraltar Mines president speaking at CIM luncheon
The president of Gibraltar Mines, William Myckatyn, will provide an update on his company’s activities at an April 28 luncheon presented by the Canadian Institute of Mining, Metallurgy and Petroleum. …