IN BRIEF — Cameco continues Trev option
Having finished a $225,000 exploration program, Cameco (TSE) has elected to continue its option agreement with Trev (ASE) in the Stewart camp of northwestern British Columbia. Cameco will continue to …
Articles by Northern Miner Staff
Cyprus-Lac partnership wins bid for El Abra project
In the largest foreign investment project in Chile’s history, joint-venture partners Lac Minerals (TSE) and Cyprus Minerals (NYSE) have beat out eight competitors for the right to buy a 51% stake in t…
TSE SHORT POSITIONS (October 18, 1993)
Semi-monthly reports as of Sept 30, showed 82,769,360 shares of 773 issues compared with 76,538,373 shares of 760 issues on Sept 15. Larger individual positions included: Aber 135,000; Agnico-Eagle 10…
Princeton clears $3.6-m legal tangle
Beleaguered Princeton Mining (TSE) has been released from a potential $6.3-million claim by the trustee for Cassiar Mining. The claim relates to a previous financial transaction between Princeton and …
Willingdon to drill Sioux Narrows bet
Toronto-based junior Willingdon Resources (CDN) plans more drilling on its gold property near Sioux Narrows, Ont. Last winter’s program extended the mineralized zone out under Lake of the Woods. The c…
NEWS IN BRIEF (October 18, 1993)
Wind River Resources (WID:VSE) has changed its name to Richlode Investments (RLI:VSE) with a consolidation of capital on a 1-new-for-3-old-share basis. Montreal Trust is the transfer agent.
Takla Star earns interest
Alberta-listed Takla Star Resources has entered two agreements with Uranerz U.S.A. (a unit of Uranerz Exploration & Mining) to explore the Slaven Canyon gold projects in Lander Cty., Nev. The projects…
`We’ll hit the motherlode,’ says president — Persistence
It has turned into a rough year for Western Quebec Mines (TSE), but the company, with a small producing gold property near here, is not about to throw in the towel. The junior was hoping to increase p…
FirstMiss goes underground at Getchell gold operation
Underground developers are gearing up at the Getchell mine in Humboldt Cty., Nev. FirstMiss Gold (NASDAQ) started open-pit, heap-leach operations in 1985 and constructed a mill to process open-pit, su…
Inco announces production cutbacks
Market conditions have forced Inco (TSE) to reduce nickel production at its Canadian operations by 60 million lb. The cutbacks at the Ontario and Manitoba divisions will occur during the December, 199…
Investors ride the wind as LME speculation grows
The whirlwind of base metals prices is as wild as ever, owing to the sales policies of producers over recent years. Those policies consist of selling all output at the best price the market can provid…
NEWS ROUNDUP — MinVen now Dakota Mining
With its corporate restructuring now complete, MinVen Gold is now known as Dakota Mining (TSE). The company eliminated its debt with a US$11-million private placement, leaving about US$7 million in ca…