PEOPLE — CANADA TUNGSTEN
James Gill appointed president and chief executive officer; Wayne Lenton appointed chairman; Howard Stockford appointed vice-president of exploration; and David Libby appointed vice-president of minin…
Articles by Northern Miner Staff
Developments at Barrick, Noranda
Senior gold producer American Barrick Resources (TSE), which recently changed its name to Barrick Gold Corp., has announced that the planned sale of four gold properties — the Macassa and Golden Patr…
MacDonald cuts gold in Cuba
Diamond drilling has encountered high-grade, parallel mineralized zones at the Florencia Sector gold deposit near Camaguey, Cuba, reports project operator MacDonald Mines Exploration (CDN). Last fall,…
Corner Bay projects advance
Management of Corner Bay Minerals (TSE) has received encouraging results from two separate joint ventures near Chibougamau, Que. On the Group 1 “Inner Block” property, where copper reserves have been …
PEOPLE — CADRE
Page Chilcott and Stanley Sandner appointed directors.
NEWS IN BRIEF (January 23, 1995)
Noramco Mining (NNN:VSE) has changed its name to Quest Capital on a share-for-share basis.
Caledonia in Scotland
An agreement has been signed enabling Caledonia Mining (TSE) to acquire Scottish-based gold explorer Fynegold Exploration for US$4.25 million plus 500,000 Caledonia shares. Fynegold holds licences and…
New coal mine for Stellarton, N.S.
Nova Scotia’s natural resources ministry has given the green light to a surface coal-mining operation at the former Wimpey pit in Pictou Cty. The project, proposed by Pioneer Coal, was approved subjec…
Birim expands Ghanaian holdings
CDN-listed Birim Goldfields has expanded its Dunkwa prospecting licence in Ghana to more than 130 from 50 sq. km. The property lies between the Ashanti Goldfields gold mine and Gencor’s Bogosu gold mi…
INVESTMENT COMMENTARY — Queenstake seen as attractive
Buying out-of-favor stocks is seen by many as a good way of following the first part of the buy-low/sell-high rule. Yorkton Securities sees value in Queenstake Resources (TSE), which recently traded a…
Drilling returns gold values at Damoti Lake property
Assay results from the Damoti Lake property north of Yellowknife, N.W.T., continue to show high-grade gold values. Operator Consolidated Ramrod Gold (TSE) has released results from 11 holes of a recen…
Armistice sampling program continues
Bulk sampling under way at Armistice Resources’ (ME) gold property in Virginiatown, Ont., could lead to a small-scale mine. The junior, which remains committed to the idea of proving up reserves below…