TSE INDICES — Aug. 25 – 31, 1999
DateAug. 31Aug. 30Aug. 27Aug. 26Aug. 25HighLowCom…
Articles by Northern Miner Staff
NEWS ROUNDUP — Rift begins African drilling
A 2,000-metre drill program is under way at the Adi Nefas and Doop properties owned by Rift Resources (rif-v) in Eritrea.At Adi Nefas, a volcanogenic massive sulphide deposit, the company is attemptin…
NEWS ROUNDUP — South Malartic acquires past producer
South Malartic Exploration (MSU-M) has picked up a gold silver property 50 km northeast of Trois-Rivires, Que.Past exploration on the 765-ha property uncovered an indicated resource of 400,000 tonnes…
Agnico funds expansion
The planned expansion of the LaRonde gold-copper mine in northwestern Quebec moved one step closer to reality recently, with Agnico-Eagle Mines (AGE-T) entering into a revolving bank facility with Bar…
Echo Bay pulls in exploration reins to focus on mines
Gold producer Echo Bay Mines (ECO-X) intends to focus its limited exploration budget on North American projects viable at current low prices for the yellow metal.The strategy is aimed at acquiring ear…
Nuinsco drills at Lac Rocher (September 06, 1999)
Junior Nuinsco Resources (NWI-T) will drill-test 23 massive sulphide targets at its Lac Rocher nickel-copper property in Quebec. The anomalies were outlined by geophysical methods.At Confederation Lak…
Francisco extends El Sauzal
Francisco Gold (FGX-V) has completed a 9-month drill campaign at its El Sauzal project in Mexico’s Chihuahua state.Since November, the company has completed 64 core holes, bringing to 188 the total nu…
CORRECTION (September 06, 1999)
In our Aug. 9 issue, we erroneously referred to the Sleeping Giant mine as being 65% held by Cambior (CBJ-T). In fact, Cambior holds a 50% interest, with the remaining half owned by Aurizon Mines (ARZ…
Exall slips into the red
Lower production and the depressed price of gold contributed to a second-quarter loss for Exall Resources (EXL-T).For the three months ended June 30, the junior miner lost $678,159 (or 2 cents per sha…
Sunshine buys Mexican property
Sunshine Mining & Refining (SSC-N) has acquired the Juanicipio silver property in Zacatecas state, representing the company’s first foray into Mexico.The 28,000-ha concession is next to the Fresnillo …
Companies (September 06, 1999)
Acadia Uranium MinesAgnico-Eagle MinesAmbrex MiningAnglo AmericanArabian Shield DevelopmentAsarcoAshanti GoldfieldsAtacama MineralsAurado ExplorationAurizon MinesAvalon VenturesBear Explora…
Atacama boosts iodine resource
Additional exploration has increased the size of the iodine resource at the Aguas Blancas property, reports owner Atacama Minerals (AAM-V).The Aguas Blancas project comprises 22,000 ha in northern Chi…