Juniors convert their royalties
Two juniors have entered into agreements with Placer Dome (TSE) related to royalties on a property in Quebec’s Bourlamaque Twp. Placer recently acquired the property, which adjoins its Sigma gold mine…
Articles by Northern Miner Staff
NEWS IN BRIEF (October 03, 1994)
PIC Prospectors International (PIK:VSE) has changed its name to Starx Resource (SXX:VSE) on a 1-new-for-4-old-share basis.
Campbell seeks more gold at Joe Mann
Having sold various non-core assets, Campbell Resources (TSE) is now focusing on improving production and profitability at the Joe Mann copper-gold mine, 38 miles south of Chibougamau, Que. The strate…
Las Cristinas gold resource on the rise
The mineral resource at the Las Cristinas gold property in southeastern Venezuela has risen to 8.6 million from 7.7 million oz. A feasibility study by 70%-owner Placer Dome (TSE) is due for completion…
La Teko drill programs on track at True North
Drilling continues on the True North deposit near here amid a blaze of autumn colors. With 190 reverse circulation drill holes now complete, La Teko Resources (NASDAQ) estimates the project’s proven a…
United Keno resumes drilling at Elsa
At the Silver King mine in the Yukon, United Keno Hill Mines (TSE) has confirmed the downdip continuation of mineralization previously mined in 1989. The drilling is part of a program designed to iden…
Correction (October 03, 1994)
Vancouver-listed Loumic Resources will not acquire a half interest in a cyanide mill nor the San Luis or Cayayi concessions in Venezuela, contrary to a report in our Sept. 26 issue (C section). In ear…
McLeese Lake back on track
The McLeese Lake open-pit copper mine in central British Columbia has resumed production. Owner Gibraltar Mines (TSE) closed the operation about 10 months ago in response to low copper prices. Over th…
Zapote resource
Drilling on the Zapote zone, at the Guadalupe project in western Mexico, puts the drill-indicated resource at 5.7 million tons grading 0.044 oz. gold per ton. Owner Northern Crown Resources (VSE) base…
Geomaque completes drilling at San Francisco project
A 75-hole, 6,000-metre program of definition drilling has been completed at Geomaque Explorations’ (TSE) San Francisco gold project in Mexico’s Sonora state. The program was designed to provide additi…
STOCK MARKETS — Majors benefit from bullion’s price rise
Gold took a couple of runs at the US$400-per-oz. level over the report period ended Sept. 27, settling in the area of US$397. The bullion action appeared to help major producers while the junior marke…
STOCK MARKETS — Gold sector outshines TSE composite index
A strengthening gold sector and stable U.S. interest rates did little to boost the Toronto Stock Exchange over the 5-day report period ended Sept. 27. The composite 300 index dropped 16.09 points to e…