Nuinsco offering raises $2.8 million
A rights offering to shareholders of Nuinsco Resources (TSE) has raised $2.8 million. The bulk of funds will be used to advance development of the Cameron Lake gold deposit and explore the Rainy Lake …
News
LETTER TO THE EDITOR — Peripheral players slow diamond play
The discovery of diamonds in the Northwest Territories, while old news in Canada, is virtually unheralded in the U.S. This development will change within a few weeks when Dia Met Minerals begins tradi…
TORONTO STOCK EXCHANGE INDICES (October 03, 1994)
Sep 27 Sep 26 Sep 23 Sep 22 Sep 21 High Low Composite”300″4360.78 4341.42 4367.54 4362.65 4358.62 4609.93 3518.31 Metals&Minerals 4155.56 4167.28 4172.70 4136.99 4153.55 4270.14 3273.56 Integrated Min…
Juneau to host 1995 conference
The Alaska Miners Association will host a 3-day conference in Juneau next year focusing on mining in the future. The theme of Conference Juneau 1995, scheduled for April 19-21, will be “From the Klond…
Geomaque completes drilling at San Francisco project
A 75-hole, 6,000-metre program of definition drilling has been completed at Geomaque Explorations’ (TSE) San Francisco gold project in Mexico’s Sonora state. The program was designed to provide additi…
STOCK MARKETS — Gold sector outshines TSE composite index
A strengthening gold sector and stable U.S. interest rates did little to boost the Toronto Stock Exchange over the 5-day report period ended Sept. 27. The composite 300 index dropped 16.09 points to e…
STOCK MARKETS — Majors benefit from bullion’s price rise
Gold took a couple of runs at the US$400-per-oz. level over the report period ended Sept. 27, settling in the area of US$397. The bullion action appeared to help major producers while the junior marke…
Zapote resource
Drilling on the Zapote zone, at the Guadalupe project in western Mexico, puts the drill-indicated resource at 5.7 million tons grading 0.044 oz. gold per ton. Owner Northern Crown Resources (VSE) base…
Correction (October 03, 1994)
Vancouver-listed Loumic Resources will not acquire a half interest in a cyanide mill nor the San Luis or Cayayi concessions in Venezuela, contrary to a report in our Sept. 26 issue (C section). In ear…
United Keno resumes drilling at Elsa
At the Silver King mine in the Yukon, United Keno Hill Mines (TSE) has confirmed the downdip continuation of mineralization previously mined in 1989. The drilling is part of a program designed to iden…
Las Cristinas gold resource on the rise
The mineral resource at the Las Cristinas gold property in southeastern Venezuela has risen to 8.6 million from 7.7 million oz. A feasibility study by 70%-owner Placer Dome (TSE) is due for completion…
Campbell seeks more gold at Joe Mann
Having sold various non-core assets, Campbell Resources (TSE) is now focusing on improving production and profitability at the Joe Mann copper-gold mine, 38 miles south of Chibougamau, Que. The strate…