Caledonia acquires Spanish gold mine
In a deal retroactive to Jan. 1, 1994, Caledonia Mining (TSE) has increased, to 83.2% from 24.8%, its interest in the Filon Sur gold mine in southern Spain. The mine, which employs 45 people, is in Hu…
Articles by Northern Miner Staff
INSIDER TRADING — Pure Gold officer exercises options and
The president of Pure Gold Resources (TSE) exercised options and sold shares in July. According to the Ontario Securities Commission’s OSC Bulletin, Donald Sheldon exercised 115,000 options at 33 cent…
MSV prepares Eastmain project for production
The owner of the Eastmain gold project in northern Quebec will receive a $3.4-million grant under a federal-provincial subsidiary agreement on mineral development. MSV Resources (ME) says the recently…
EDITORIAL PAGE — Whitehorse Initiative puts ball in
It is easy for the mining industry to be cynical about government’s willingness to take action to protect its future in Canada. And it is probably easy for environmentalists and labor groups to be cyn…
Gold Funds (September 19, 1994)
BGR Central Net Value $17.93 $6.94 Price $15.88 $7.50 Premium 8.1% Discount 11.47% Value $145,682,000 $135,744,750…
Court rejects Lac’s Lisheen claim
The Irish High Court has ruled against Lac Minerals (TSE) in the company’s legal action to block the sale of a majority interest in the Lisheen lead-zinc deposit in Ireland (T.N.M., Aug. 23/94). The c…
Breakwater transfers Estrades to Arimetco
By transferring its Estrades polymetallic mine to Arimetco International (TSE), Breakwater Resources (TSE) will wipe out a $4.5-million debt owed to the latter company. The transfer is one of the fina…
Drilling begins at Bralorne
Drilling is under way at the Bralorne property in the Bridge River area of southwestern British Columbia. Bralorne-Pioneer Mines (VSE) is earning a half interest in the property from Avino Mines (VSE)…
Republic acquires Mexican gold prospect
A 6,500-acre, gold-silver property in the Madera mining area of northern Mexico has been acquired by Republic Goldfields (VSE). The property is at the northern end of the Dolores Mining camp and is co…
Diesel spill at Windy Craggy
Diesel oil has spilled from a storage tank at the Windy Craggy property in northwestern British Columbia. Property owner Geddes Resources (TSE) was informed of the spill by the environmental protectio…
Governments sell Cameco shares
The two major shareholders of Cameco (TSE) intend to sell 2 million shares in a secondary issue. The governments of Canada and Saskatchewan say the shares will be sold at $25.50 each, on a bought-deal…
Heap leaching on west coast Golden Bear gold project on
A mountainous region of steep valleys is an unlikely location for a developing heap leach project. Nevertheless, North American Metals (VSE) is forging ahead with leaching plans here in northwestern B…