Rio Narcea starts feasibility at Valle
Denver-based Rio Narcea Gold Mines (TSE) reports that most of the 1.9 million common share purchase warrants issued at the time of the company’s public offering have been exercised.At the time of expi…
News
Northfield options gold property in Ecuador
If all goes as planned, Northfield Minerals (TSE) will acquire its second gold property in Ecuador.The company has signed an agreement to gain a 65% interest in the Nambija Uno mining concession, whic…
Romarco and Uranerz work Nike project
Partners Romarco Minerals (CDN) and Uranerz USA are so encouraged by recent exploration of their Nike gold propety in Nevada that they are already planning follow-up work for 1996.The 315-claim proper…
INSIDER TRADING — Cumberland Res. executives sold shares in November
Officers and directors of Cumberland Resource (VSE) took advantage of the rise in value of the company’s stock and sold shares in November, 1995.According to the Ontario Securities Commission’s OSC Bu…
Horsham issues debt convertible into Barrick shares
Horsham Corp., the largest single shareholder of Barrick Gold (TSE), will complete a 25-year, convertible debenture financing for gross proceeds of US$250 million.In addition, the company has granted …
Meetings (January 22, 1996)
MEETINGSJan. 29, Cons. Redding Jan. 29, Vulcan Minerals Jan. 30, Excellon Jan. 30, Fenway Jan. 30, Sargon Jan. 30, Texas T Jan. 30, VenCan Gold Jan. 30, Wild River Jan. 31, Acadia Jan. 31, Aries Res. …
P.T. Inco starts mine expansion
Now that an agreement to extend the contract of work has been signed, P.T. International Nickel Indonesia, a 58.7%-owned subsidiary of nickel giant Inco (TSE), will begin a major expansion program des…
Copperstone to resume drilling of Boleo project
Drilling will resume this month at the Boleo copper-cobalt project in Baja California Sur, Mexico.Copperstone Resources (VSE), which is earning an 80% interest from Island-Arc Resources (VSE), plans t…
Barrick to finance Yamana’s Indonesian acquisition
With several projects well under way in Argentina, Yamana Resources (TSE) has shifted its focus 6,000 miles to the east and acquired ground in Indonesia.The junior was awarded the first right to acqui…
High River picks up Russian gold producer
Another Canadian company has found a ready market for its financing experience in the former Soviet Union. High River Gold (TSE) acquired 22.9% of Buryatzoloto, a Russian joint stock company with two …
Farallon satisfied with Minera Summit agreement
Ownership of the Mexican mineral concessions Campo Morado and La Alina, already under option to Farallon Resources (VSE), is being sought by Summex Mines (VSE).In October 1995, Farallon signed a deal …
COMMENTARY — Deep River wants waste facility
The citizens of Deep River, Ont., want to play host to Canada’s first low-level radioactive waste disposal facility. More than 70% of voters in a September, 1995, referendum were in favor of locating …