Junior tests Quebec property
Exploration has begun on the Jeremie Twp. gold property in northern Quebec. The 195-claim property, owned by Canadian Golden Dragon Resources (VSE) and Cyprus Canada, is adjacent to, and west of, the …
News
Caledonia mining private placement nears completion
Toronto-listed Caledonia Mining reports a partial closing on the European portion of its private placement of unsecured convertible debentures. To date, $20.5 million of the planned $20.6-million plac…
GOLD FUNDS (February 20, 1995)
Gold Funds as of Feb. 6 BGR Central Net Value $16.02 $6.46 Price $12.75 $6.125 Discount 20.40% 5.2% Value $125,529,000 $110,858,213…
OPINION — The risks of staking claims over old Ontario mine
Part VII of the Mining Act of Ontario, which deals with matters relating to the environmental reclamation of mining lands, was proclaimed into force in 1991. The first important decision interpreting …
Hemlo posts earnings, makes exploration plans
Toronto-based Hemlo Gold Mines (TSE) made more money last year than at any other time in its 8-year life. The gold-producer boosted earnings by 40% over the previous year to $64.5 million (or 67 cents…
Emerald Isle and Stralak plan garnet production
VSE-listed Emerald Isle Resources and Stralak Resources have announced production plans for their high-grade almandine garnet project in Street Twp., about 24 miles from Sudbury, Ont. An all-weather r…
NEWS ROUNDUP — Ariel to build pilot plant
Faced with substantial quantities of lower-grade oxidized ore on its Costa Rican gold properties, Ariel Resources (TSE) has decided to construct a 150-ton-per-day pilot plant. A patented flow vat-leac…
Future of B.C. exploration in question
A much discussed topic at the 12th Annual Cordilleran Geology and Exploration Roundup was the role played by junior companies and by the Vancouver Stock Exchange in the discovery and development proce…
Dentonia eyes Mongolian interest
Under an agreement with Mongolrostsvetmet, a Mongolian-Russian joint venture, Dentonia Resources (VSE) can earn an initial 70% interest in the Asgat silver-copper property by placing it in production….
STOCK MARKETS — BQ losses in by-elections add grit to TSE
Recent Liberal wins in hotly contested federal by-elections were welcome news to investors, which helped the Toronto Stock Exchange post a modest gain during the 5-day report period ended Feb. 14. The…
Hemlo drilling Timmins area play
Project operator Hemlo Gold Mines’ (TSE) has resumed drilling on the Sewell-Reeves gold property southwest of Timmins, Ont. The property covers a 22-km-long portion of the Destor Porcupine fault zone …
High River options HudBay properties
Toronto-listed High River Gold Mines can acquire gold and silver production rights from certain properties in Manitoba held by Hudson Bay Mining & Smelting (TSE). The agreement covers 17 properties ad…