Canmine calculates tonnage
Following a summer drill program, Canmine Resources (ASE) has calculated a reserve figure for the Island zone on its Fer polymetallic property near Flin Flon, Man. Based on an area of influence of 50 …
News
Chase drilling T’Boli prospect
A first phase of drilling is under way at the T’Boli gold prospect on the Philippine island of Mindanao. Chase Resource (TSE) has a 40% interest in the company that owns the project, and holds an opti…
NEWS ROUNDUP — Canarc adds to Guyana holdings
By acquiring the 2,800-hectare Baramita gold property, Canarc Resource (VSE) can increase substantially its holdings in the Guyana Shield. To do so, it must spend $700,000 exploring the property, situ…
INSIDER TRADING — Senior Golden Star officers granted
Six senior officers of Golden Star Resources (TSE) were granted options in September. According to the Ontario Securities Commission’s OSC Bulletin, senior officer Carlos Bertoni was granted 25,000 op…
NEWS ROUNDUP — Jordex expands Brazilian holdings
Toronto-listed Jordex Resources has augmented its South American holdings by acquiring, through a wholly owned subsidiary, two concessions in the central Brazilian Shield. The Pontes E Lacerda concess…
Inco develops nickel foam
Nickel giant Inco has a new value-added product: nickel foam. In the research phase for the past two years, nickel foam has been under development at Inco’s Copper Cliff refining nickel circuit in nor…
NEWS ROUNDUP — Argosy, Fleck in joint venture
In an attempt to diversify, Argosy Mining (VSE) has formed a joint venture with Fleck Resources (VSE) to acquire a 60% interest in the Dunka Road copper-nickel deposit in Minnesota. To do so, Argosy m…
STOCK MARKETS — Higher bond yields drag down TSE
Strengthening bond markets had a negative impact on the Toronto Stock Exchange over the 5-day reporting period ended Oct. 25. The composite 300 index dropped 73.19 points to end the week at 4,242.77. …
NEWS ROUNDUP — Birim acquires private Exroy
CDN-listed Birim Goldfields has taken over Exroy Resources, a private company. The shareholders of Birim exchanged all their securities in the company for treasury common shares and warrants of Exroy….
Homestake advances Ruby Hill
In just three short years, Homestake Mining (NYSE) has developed a geological inventory of about 1.6 million oz. gold within a district previously known for its silver and base metal mineralization. H…
TSE Indices (October 31, 1994)
— 1994 — Oct 25 Oct 24 Oct 21 Oct 20 Oct 19 High Low Composite”300″ 4242.77 4266.02 4285.13 4319.77 4320.79 4609.93 3518.31 Metals&Minerals 4159.84 4192.94 4254.27 4278.02 4242.97 4289.04 3273.56 In…
Denison receives trade approval
Since filing financial statements, Denison Mines (TSE) has been granted approval by securities commissions to have its common and preferred shares resume trading on the Toronto and Montreal stock exch…