Madsen raises funds for Red Lake work
Madsen Gold (TSE) has raised more than $400,000 in two private placements.The placements comprise a total of 340,000 units, each of which consists of one common share and one common share purchase war…
News
World demand for platinum is expected to escalate sharply
Increased demand from the industrial and jewelry sectors is expected to boost worldwide demand for platinum in 1995 by 4% to a new high of 4.7 million oz.The estimate is contained in Platinum 1995: In…
San Andreas expands Prairie Creek
Drilling has expanded the in situ geological resource at the Prairie Creek project, 500 km west of Yellowknife, N.W.T.Owner San Andreas Resources (TSE) estimates the resource at 10.6 million tonnes gr…
Toronto Stock Exchange Indices (December 11, 1995)
1995 Dec 5Dec 4Dec 1Nov 30Nov 29HighLowComposite”300″4722.534711.874674.024661.184670.844718.273983.34Metals&Minerals5211.075144.655114.245148.155152.905276.123273.56Integrated Mi…
News Roundup — Excellon gains copper project
Junior Excellon Resources (VSE) has entered into an agreement with privately owned Columbia Metals Reactivation, allowing it to earn up to a 50% interest in the 12,000-acre Guerrero Ranch property in …
News Roundup — Golden Briar seeks prospects near Sudbury
Golden Briar Mines (ME) is acquiring 128 claims near Sudbury, Ont.The property lies within the Wanapitei gravity-magnetic anomaly, a gabbronorite complex being explored by several junior companies. Ju…
Pangea options Tanzanian property to Ashanti
Immediately south of the Bulyanhulu gold deposit in northwestern Tanzania, Pangea Goldfields (TSE) has optioned a 213-sq.-km exploration concession to Ashanti Goldfields.The option agreement will see …
Dakota bullish on Stibnite’s potential
Drilling has intersected gold mineralization at the Stibnite mine near Yellow Pine, Idaho.Dakota Mining (TSE) reports that 8,000 ft. of reverse-circulation drilling cut mineralization over a strike le…
Metallica sizes up Cerro San Pedro
The drills have stopped turning at the central Mendez zone of the Cerro San Pedro gold-silver deposit near San Luis Potosi, Mexico, allowing owner Metallica Resources (TSE) to estimate grade and tonna…
Indo Pacific readies PNG properties for drilling
Mineral occurrences at two exploration concessions in Papua New Guinea are being trenched and sampled as owner Indo Pacific Resources (ASE) moves ahead on planned diamond drilling.The company, which h…
Exploration extends gold zone at Red Lake
Exploratory drilling at the Red Lake mine in northwestern Ontario indicates that the size of the mine’s high-grade gold zone is larger than earlier forecast, says owner Goldcorp (TSE).Three holes sugg…
Production delays for Geomaque
Production delays have forced Geomaque Explorations (TSE) to lower its gold production forecast for the San Francisco mine.The mine, situated in Mexico’s Sonora state, was expected to produce 6,000 oz…