Nuinsco offering raises $2.8 million
A rights offering to shareholders of Nuinsco Resources (TSE) has raised $2.8 million. The bulk of funds will be used to advance development of the Cameron Lake gold deposit and explore the Rainy Lake …
Articles by Northern Miner Staff
INSIDER TRADING — Aber executives active
Two senior officers of Aber Resources (TSE) exercised options and bought and sold shares in August. According to the Ontario Securities Commission’s OSC Bulletin, senior officer Robert Hindson exercis…
Joutel set to drill three Cuban gold discoveries
Drilling is scheduled to begin shortly in Cuba on three new gold discoveries belonging to Joutel Resources (TSE). The first discovery, La Zona Barita, is on the Sierra Maestra concession in the southe…
Triton boosts reserves at Nicaraguan mine
Toronto-listed Triton Mining has announced a 58% increase in reserves at the Limon gold mine in Nicaragua. Proven and probable minable reserves have risen to 375,700 oz. from 238,000 oz. and are deriv…
NEWS ROUNDUP — Copperstone expands Mexican ground
Junior Copperstone Resources (VSE) has acquired an interest in five additional exploration concessions in Baja California Sur, Mexico. Two of these adjoin the company’s existing concession interests, …
Spot prices at a glance (October 03, 1994)
Week’s Price (US) Change Gold* $397.50 + $2.70 Silver* $5.70 + $0.03 Platinum* $419.40 – $0.60 Nickel** $2.92 $0.00 Lead** $0.28 $0.00 Copper{ $1.16 + $0.02 Zinc{{ $0.46 + $0.01 Courtesy of Scotiabank…
ODDS’N’SODS — A man, a burro and a vulture
Henry Wickenburg followed the lure of gold from his native Austria to the wild west of the U.S. For 10 years, he searched for the elusive vein that would make him rich. Somehow it was always just beyo…
Russian Far East the focus of two west-coast studies
The British Columbia Trade Development Corporation has undertaken a study entitled Review and Potential Opportunities of the Mining Industry of the Russian Far East Region. The study by the Crown corp…
Mineral facts now available on FactsLine
Information about Canada’s mineral resources is now available by an automated fax delivery system from Natural Resources Canada in Ottawa. The federal ministry’s FactsLine offers profiles, and the out…
PRODUCER PRICES (October 03, 1994)
ALUMINUM: MW U.S. market US78.5-78.5 per lb. (Sept. 22, 1994). ANTIMONY: MW New York dealer US$2.60-2.75 per lb. (Sept. 22, 1994). BISMUTH: MW New York dealer US$3.75-4.25 per lb. (July 28, 1993). CAD…
DIAMOND PAGE — Redaurum acquires Namibian prospect
Canadian diamond producer Redaurum (TSE) is set to acquire an alluvial diamond prospect on the Konkiep River in Namibia. The property is 25 km north of the prolific diamond region around the lower sec…
Cachet options nickel project
Junior Cachet Enterprises (VSE) can earn a half interest in the Canalask nickel property in southwestern Yukon from Expatriate Resources (VSE). It can do so by spending $250,000 in 1994, $375,000 in 1…