Placer Dome eyes Stockade Mountain
A recent letter of intent sets the stage for a wholly owned unit of Placer Dome (TSE) to earn up to a 70% working interest in Carlin Gold’s (ASE) Stockade Mountain gold property in Malheur Cty., Ore. …
Articles by Northern Miner Staff
Drill program planned for Alabama property
Joint venture partners Orvana Minerals (TSE) and the U.S. subsidiary of Placer Dome (TSE) recently approved a US$150,000 exploration program for the Alabama Gold project in eastern Alabama. Placer can…
Western Int’l. options Arizona copper play
Western International Explorations (CDN) has optioned the Stray Elephant copper property in the Oro Fino mining district of Arizona, near the California border. Under the agreement, the company has an…
Spot prices at a glance (February 15, 1993)
Week’s Price (US) Change Gold* $328.70 $0.90 Silver* $ 3.71 + $0.04 Platinum* $367.75 + $8.15 Nickel** $ 2.72 + $0.10 Lead** $ 0.19 $0.00 Copper $ 1.01 $0.00 Zinc $ 0.49 $0.01 Courtesy of Scotiabank. …
TORONTO STOCK EXCHANGE INDICES (February 15, 1993)
Feb.9 Feb.8 Feb.5 Feb.4 Feb.3 High Low Composite”300″ 3414.11 3394.83 3377.91 3366.40 3344.03 4009.47 3009.91 Metals&Minerals 2972.25 2927.82 2900.02 2862.59 2808.54 3453.06 2502.63 Integrated Mines30…
FINANCING (February 15, 1993)
Eaglecrest Expl. Ltd. — 1,500,000 shs. @ 28 cents per sh. Wayside Gold Mines Ltd. — 200,000 units. @ 95 cents per unit. Brigadier Res. Ltd. — 215,000 units. @ 95 cents per unit.
Work program at Ecudor project
A drilling program representing 5,000 ft. is under way on the Dufresnoy-Clericy property in Quebec’s Dufresnoy Twp., Societe Miniere Ecudor (ME) reports. An option agreement with Soquem, the Quebec Cr…
Leicester plant nears completion
Contrary to what was reported in the Feb. 8 issue of The Northern Miner, plant construction is nearing completion on the Leicester diamond project near Kimberley, South Africa. Stow Resources (VSE) an…
Kimberlite trio found by Crystal
With the discovery of three new kimberlites in late 1992, the number of kimberlite pipes intersected in the Lake Superior area of the U.S. (Michigan and Wisconsin) now totals 15, reports Australia-bas…
Redaurum lines up mine financing
The price is $5 million. The prize is a 50% stake in a producing diamond property in Zimbabwe and the surrounding 13,474-hectare exploration permit. When Cornerstone Investments, a private Australian …
Crown Butte re-calculates reserves at New World
After reviewing results from the 1992 drill program, Crown Butte Resources (TSE) re-calculated geological reserves for its New World project in Montana. The advanced project is in an alpine region nea…
Concern raised over title claim
After a due diligence review, Venezuelan Goldfields (VSE) has expressed “serious concerns” that its proposed joint venture partner International Kengate Ventures (VSE) may have title problems relating…