NEWS ROUNDUP — Platinova active in Greenland
In Greenland, exploration has begun on two base metals properties in which Platinova A/S (TSE) holds interests. Two drills have been sent to the northern peninsula of Peary Land to explore the company…
1994
LETTER TO THE EDITOR — Manitoba extends welcome to new
Your editorial “Exodus” (T.N.M., June 6/94) suggests a number of reasons for a decline in exploration in Canada and, to your credit, some potential solutions. My concern is your reference to junior ex…
The environment and management
Environmental concerns will be the focus of the Mining Environmental Management Conference at Reno, Nev., Oct. 16-19. The conference and accompanying exhibition are aimed at executive and technical ma…
Tri Origin exploring projects in Ontario
Toronto-based Tri Origin Exploration (TSE) has started work on its four Ontario gold projects. A 2,500-metre drill program will be carried out on the Sault project, 90 km north of Sault Ste. Marie. Pr…
LAST BUT NOT LEAST — Correction (June 27, 1994)
The tonnage figure for the Troilus project of Metall Mining (TSE) was incorrectly reported in T.N.M., June 20/94. The correct figure is 54.2 million tons.
Philippines lowers taxes on minerals
Philippine President Fidel Ramos recently signed a law reducing taxes on minerals, which he described as a rescue package that would attract foreign investors to his country’s ailing mining industry. …
LAST BUT NOT LEAST — Electra boosts earnings
A half interest in the Aurora Partnership gold mine enabled Electra Mining Consolidated (VSE) to earn $382,462 (14 cents per share) in the first quarter. This compares with a loss of $42,416 for the s…
LAST BUT NOT LEAST — HMC options ground in east
CDN-listed Hendricks Minerals Canada can earn a 75% interest in three properties in New Brunswick and Nova Scotia. The agreement covers gold geochemical and geophysical anomalies in Paleozoic volcanic…
LAST BUT NOT LEAST — Hardrock arranges private placement
Toronto-based Hardrock Extension (TSE) and a private investor have arranged a private placement of more than 740,000 shares at 20 cents each. Proceeds will be used this summer to explore a property in…
Rio buying Polaris production royalty
Toronto-based Rio Algom (TSE) has agreed to buy a 25% royalty interest in the production proceeds from the Polaris mine on Little Cornwallis Island, N.W.T. The royalty interest is the main asset of NC…
NEWS ROUNDUP — Madsen to sell units
Toronto-based Madsen Gold (TSE) has proposed a private placement of 80-100 units at $12,350 each. A unit will consist of 9,000 flow-through common shares at $1.25 each and 1,000 common share purchase …
Gold demand on the rise in Pacific Rim markets
Gold demand in major developing markets in the Pacific Rim rose 10% to a record 98.4 tonnes during the first quarter of 1994 — a 10% rise over the same quarter last year, the World Gold Council repor…