Toscana Res. plans to drill in Guyana
A private placement of 700,000 units at 25 cents each will enable Toscana Resources (VSE) to finance drilling of its 80%-owned Monosse property in Guyana.The company will carry out a 50-hole program o…
1995
BHP, Francisco net opper at Coahuila
Initial drilling on the Coahuila project in northeastern Mexico is returning copper-silver values for Francisco Gold (VSE) and BHP Minerals.Copper-silver mineralization at Coahuila is stratiform and s…
More high-grade results reported at Siwash
Deep drilling at the Siwash gold mine property in southern British Columbia has returned multi-ounce values for Fairfield Minerals (TSE).The program included five holes that tested an area where earli…
Drilling at Third Portage zone should boost gold resources
Drilling has wound down on the Third Portage zone of the Meadowbank property in the eastern Northwest Territories. The property is shared by Cumberland Resources (TSE) and Comaplex Minerals (TSE), whi…
LETTER TO THE EDITOR — Is this supposed to depict mining?
In the October 16th issue of The Northern Miner, a cartoon appeared on the editorial page, which prompts the question: Is this supposed to depict mining?The Northern Miner, of all publishing houses, s…
GREATEST VALUE TRADED (October 30, 1995)
BRE-X Mnrl A161891$593043+13 3/4Placer Dome T148734$31 5/83030 7/8-3/8Inco Ltd T121693$45 1/840 3/442 7/8-2 1/4Barrick Gold T113729$33 5/831 7/832 3/4-1/4Potash Corp T7596…
STOCK MARKETS — Rise of Bre-X stock bodes well for Indonesian project
Referendum jitters made for an unsettled week for western markets over the report period ended Oct. 24.The Vancouver Stock Exchange composite index lost 29.95 points to close at 775.80, while the reso…
STOCK MARKETS — Separatist fears pummel volatile market
The Toronto Stock Exchange was lower this week on fears that the upcoming Quebec referendum might back the separatist cause. The TSE 300 fell a total of 163.41 points in the five trading days ended Oc…
GOLD FUNDS (October 30, 1995)
Gold Funds as of October 19BGRCentralNet Value$17.38$6.51Price$13.38$6.375Discount23.02%2.1%Value$135,846,000$115,383,038…
Shareholders approve Royal Oak acquisitions
Shareholders of Geddes Resources (TSE), El Condor Resources (VSE) and St. Philips Resources (VSE) separately approved a previously announced plan of arrangement which will result in Royal Oak Mines’ (…
FMC Gold may go on the market
New York-listed FMC Gold has recruited investment banker Wood Gundy to act as its financial adviser for the possible sale of the company.The company, which is 80%-owned by FMC (NYSE), has as its prima…
Eldorado completes earn-in
A feasibility study for La Trinidad, a gold project in Mexico’s Sinaloa state, has been delivered to Almaden Resources (VSE).The study was the final requirement for Eldorado (TSE) to earn a 51% intere…