Madsen Gold buys Dona Lake site
The Dona Lake mine site near Pickle Lake, Ont., has been sold. Madsen Gold (TSE) is buying the operation (excluding headframe and underground workings) for $816,000. Current owners Ross Finlay (85%) a…
Articles by Northern Miner Staff
PRODUCER PRICES (December 05, 1994)
ALUMINUM: MW U.S. market US90.5 cents-93.5 per lb. (Nov. 18, 1994). ANTIMONY: MW New York dealer US$2.80-2.90 per lb. (Sept. 29, 1994). BISMUTH: MW New York dealer US$3.90-4.20 per lb. (Oct. 27, 1994)…
NEWS ROUNDUP — New Dynacor gold zone
Montreal-listed Mines Dynacor has uncovered a near-surface gold zone at its Siscoe project near Val d’Or, Que. The zone, lying west of the Main vein, was discovered by drilling to a depth of 150 ft. T…
NEWS ROUNDUP — Armeno closes San Bartolome
Continuing operating losses at the San Bartolome mine in Ecuador have prompted owner Ag Armeno Mines & Minerals (VSE) to wind up the operation. The mine is held by a wholly owned subsidiary of the com…
Black Hawk cuts nickel at Redstone
The first diamond drill hole at Black Hawk Mining’s (TSE) Redstone nickel property south of Timmins, Ont., has intersected significant values. Hole BH 94-1 intersected 6.79% nickel over 8 ft. from 1,0…
Adrian sells Eskay Creek stake
By purchasing the IKS 1 and 2 claims, Prime Resources (TSE) will gain an undivided 100% interest in the rich Eskay Creek polymetallic orebody in northeastern British Columbia. Prime, which has a 50% i…
Trillion drills Jena mines complex
The Jena Mines complex in Zimbabwe has undergone the first phase of a 16,000-metre program of surface drilling. Trillion Resources (TSE) says 15 holes, totaling 4,460 metres, have extended the Stump o…
Diabior, Garde find more gold
Montreal-listed partners Explorations Diabior and Garde, Societe d’Exploration Miniere have uncovered additional gold mineralization on their La Grande property in the James Bay Lowlands of Quebec. Tr…
The project, 60 miles north of Yellowknife, is estimated to
Not content to rest on past successes, Monarch Resources (TSE) continues to increase gold production. The company recently began producing gold at La Camorra mine and also increased production at its …
Greater powers for OSC in works
The Ontario Securities Commission (OSC) will receive greater powers to protect investors under a bill introduced by Ontario Finance Minister Floyd Laughren in the legislature. The Securities Amendment…
THE DIAMOND PAGE — Redbird evaluates Czech gold plays
Alberta-listed Redbird Gold is almost finished evaluating its optioned gold deposits in the Czech Republic. The due diligence is being carried out by Toronto-based Watts, Griffis and McOuat, and final…
EDITORIAL PAGE — Turning the tables
Canada’s Maurice Strong may not think of himself as an environmental extremist, but the $1-a-year chairman of Ontario Hydro sure has the folks at People for the West! worried. The Denver-based grassro…