GOLD FUNDS (October 10, 1994)
BGR Central Net Value $18.41 $6.90 Price $16.00 $7.00 Premium 1.4 Discount 13.09% Value $149,568,000 $126,695,100…
Articles by Northern Miner Staff
Placer to spend US$35 million at Campbell gold mine
A US$35-million project to deepen the shaft at the Campbell gold mine in Balmertown, Ont., should sustain annual production of 300,000 oz. beyond the year 2000. Beginning in January, owner Placer Dome…
Platinova receives positive results from Greenland
Toronto-based Platinova A/S (TSE) has encountered zinc mineralization at its Peary Land zinc project in northeastern Greenland. Forty-three holes totaling 9,600 metres were drilled at 300-metre centre…
Metallica defines Cuyuni targets
CDN-listed Metallica Resources is preparing to drill 10 holes on a target outlined at its Cuyuni gold property in Venezuela. The target is one of five that were outlined in a program which recovered 3…
Newmont exercising pre-emptive rights
Denver-based Newmont Gold (NYSE) and a Peruvian-based company intend to take whatever steps may be necessary to pre-empt a proposed transfer of another partner’s interest in the Minera Yanacocha prope…
METALS COMMENTARY — Physical demand buoys metal prices
Supported by steadily improving physical demand, metal prices are bubbling near the highest levels seen in years. Investors continue to believe that shortages and higher prices will inevitably result …
Cambior takes major writedown at Valdez Creek
Mining operations at the A8 pit of the Valdez Creek placer gold mine in Anchorage, Alaska, indicate the average grade is 30% lower than expected. Consequently, owner Cambior (TSE) has reduced the net …
NEWS ROUNDUP — Patrician hits mineralized horizon
Initial drilling by Patrician Gold Mines (ASE) on its Ikungu Peninsula property in northwestern Tanzania has intersected gold mineralization. Hole 1 intersected the Forest Reef, a thick exhalite horiz…
NEWS ROUNDUP — Black Hawk raises drilling funds
Junior Black Hawk Mining (TSE) has completed a private placement of 1 million flow-through common shares. Proceeds will be $600,000, some of which will finance drilling at the Redstone mine, south of …
Cyprus drills Noble Peak gold property
Drilling at the Southwin project in the Northwest Territories has resulted in several intersections of high-grade gold. The project, situated in the Keewatin district, is a joint venture between Cypru…
Titan secures land in Java, Indonesia
In two separate transactions, Titan Empire (CDN) has acquired eight concessions on the Indonesian island of Java. Titan recently acquired a 90% interest in the Indonesian company PT Kelsel Asri, which…
NEWS ROUNDUP — Aquaterre traces shear zone
Geological mapping and sampling on the Pilldolla property, 55 miles northwest of here, is outlining a mineralized shear zone. Aquaterre Mineral Development (VSE) acquired the property to follow up the…