Golden Star moves into Eritrea
In an agreement with the East African nation of Eritrea, Golden Star Resources (TSE) and its 60%-owned subsidiary, Pan African Resources (CDN), have acquired an exploration licence covering the Galla …
News
CIM pays homage to legendary editor of The Northern Miner
For his 43 years of reporting at The Northern Miner, M.R. (Mort) Brown will receive a lifetime achievement award.The presentation will be made at the Journalism Awards ceremony during the annual gener…
Juniors flock to site of recent Band-Ore find
Band-Ore Resources’ (CDN) gold discovery in Thorneloe Twp., west of Timmins, Ont., has junior companies taking notice of the potential for mineralization in pyritic quartz-sericite schist occurrences …
Strike closes TVX’s Casa Berardi mine
Production at TVX Gold’s Casa Berardi gold mine in northwestern Quebec has been halted following a walkout by 220 employees.Members of Casa Berardi Syndicat des Metallos d’Amerique union rejected the …
PEOPLE — BYG NATURAL RES. (May 06, 1996)
Michael Ross appointed director.
NEWS IN BRIEF (May 06, 1996)
Consolidated Manus (CMI: VSE) has changed its name to Westmount Resources (WTM:VSE) on a 1-new-for-5-old-share basis.
COMMENTARY — PDAC program teaches schoolchildren the basics of mining
Patricia Dillon is a senior geologist at Teck Exploration and chairman of the Education Committee of the Prospectors & Developers Association of Canada (PDAC). She has written the following article at…
Canada to help fund democratic initiatives in African nations
Canada will contribute $2.2 million to a fund established to support democratic development in Africa.The Democratic Development Fund, which is designed to provide election support, will be disbursed …
Charles Fipke eyes Yemen concessions
Charles Fipke, best known for discovering diamonds in Canada’s North, is now searching for gold in Nevada and investigating the mineral potential of Yemen.He is doing so in his new capacity as chairma…
Exploration picks up steam in Ontario’s Red Lake camp
Exploration in the Red Lake district of northwestern Ontario has not been restricted to the area around the two major producing mines east of town.While the western part of the belt is usually quieter…
Barrick aims to take top spot in gold production
The world’s top gold producer — that’s the title Barrick Gold (TSE) hopes to win in the years ahead through key acquisitions, worldwide exploration and a network of joint ventures.Chairman Peter Munk…
FINANCING (May 06, 1996)
Genesis Exploration — 3,000,000 shs @ $1.70 per sh.Westmin Resources — 10,300,000 Units, each unit consisting of one Common Sh and one-half of one Common Sh Purchase Wt @ $9.75 per Unit.