BHP eyes porphyry target
The Chilean subsidiary of Australia’s Broken Hill Proprietary (BHP-N) has signed a letter-of-intent to acquire the Elvira copper porphyry prospect in the Atacama Desert.BHP can purchase the 110-sq. km…
Articles by Northern Miner Staff
Affiliates Wheaton, Kit propose marriage
Merger mania has taken hold of Wheaton River Minerals (WRM-T) and Kit Resources (KIT-T).An agreement-in-principal calls for Kit shareholders to exchange each of their shares for 0.408 share of the mer…
EVENTS (December 06, 1999)
Jan. 23-24 Cambridge House Int’l — “Vancouver Investment Conference.” Hotel Vancouver, Vancouver, B.C. Tel: (614) 888 227-7722.Jan. 25-28 B.C. and Yukon Chamber of Mines — “Cordilleran Geology and E…
Correction (December 06, 1999)
In our Nov. 29 issue, we incorrectly stated that Phelps Dodge (PD-N) had spent US$9.6 million on the Alamo claims surrounding Azco Mining’s (AZC-T) Adelita silver project in Mexico’s Sonora state.The …
Dianor grabs gold, copper near James Bay
Prospecting by Dianor Resources (DOR-M) has turned up three new showings at its MEP 1404, Yasinski and Yasinski North properties, about 45 km southeast of the town of Radisson near James Bay, Que.Grab…
Cambiex helps fund acquisition
Cambiex Exploration (CBX-T) has signed a letter-of-intent with Dynamic QSSP Fund for a private placement worth at least $2.5 million.The company, an affiliate of Cambior (CBJ-T), will apply the procee…
Exchange Rates (December 06, 1999)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateNov. 30Nov. 29Nov. 26Nov. 25Nov. 24…
No Headline (December 06, 1999)
Canadian Venture Exchange loses ground in first days
The new Canadian Venture Exchange, formed by the merger of the Vancouver and Alberta exchanges, came to life on Nov. 29. The exchange, dubbed CDNX, was launched with just under 2,500 stock listings an…
Gammon plans open pit
A second phase of drilling at the Ocampo gold-silver property in Chihuahua state, Mexico, has intersected more near-surface mineralization for Gammon Lake Resources (GAML-C).Six core holes returned be…
Producer and Dealer Prices (December 06, 1999)
Antimony: Mid-mkt US$1,105/t.Bismuth: Mid-mkt US$4.55/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Mid-mkt ores US$62.50/t.Cobalt: Recent trades US$13.50-15.50/lb.Copper: Comex Mar. US$0.818/lb.Indium: In…
The Northern Miner — North American Mining Index (December 06, 1999)
91.85 (-1.60)(Sept. 30/98 = 100)…