Antares bails out of Rappa Holdings
Toronto-based Antares Mining & Exploration (ANZ-T) is selling its 25% indirect interest in South Africa-based Rappa Holdings.Rappa specializes in recovering gold and other precious metals from a varie…
Articles by Northern Miner Staff
Companies (July 06, 1998)
Altius MineralsAntares Mining and ExplorationAscot ResourcesAshton MiningAteba MinesAur ResourcesBema GoldBreakwater ResourcesCampbell ResourcesCanabrava DiamondChannel ResourcesComaplex MineralsCumbe…
Partners resume program
Partners Prospectors Alliance (PALL-C) (with privately held co-venturer Explorers Alliance), Falconbridge (F-T) and the exploration arm of Minorco (MNRC-Q) subsidiary Hudson Bay Mining and Smelting, h…
Minroc eyes magnesium potential at Cassiar
Junior Minroc Mines (MN-T) is attempting to gain a foothold in the magnesium industry through its producing Cassiar asbestos tailings project in northern British Columbia.The company, formerly known a…
Western Copper advances projects
The latest results from a series of eight infill holes continue to confirm the continuity and grade of the San Nicolas polymetallic deposit in the central Mexican state of Zacatecas.The holes were com…
SPOT PRICES (July 06, 1998)
Tuesday June 30, 1998Price (US)Week’s ChangeGold*$295.75+ $1.85Silver*$ 5.36…
Intrepid and High River find silver at El Zapote
Partners Intrepid Minerals (IAU-A) and High River Gold Mines (HRG-T) have uncovered silver mineralization at their El Zapote property in western El Salvador.Six trenches dug in the Cerro Colorado III …
GOLD FUNDS (July 06, 1998)
Gold Funds as of June 25, 1998BGRCentralNet Value$13.65$5.93Price$10.05$5…
DIAMOND PAGE — Poplar, partner to develop past producer
Poplar Resources (PPX-V) and its partner have been granted a mining permit to begin operations at the Aardvark diamond projectin South Africa’s Orange Free State.The permit, which was granted to Popla…
Aur holds steady despite weak metals market
Earnings of Aur Resources (AUR-T) fell during the first quarter, but the company managed to post a profit despite slumping base metal prices.Aur earned $400,000 (or 1 cents per share) on revenue of $2…
MINING MARKETS & INVESTMENT NEWS — Bema Gold and Arian Res. close merger agreement
The recent takeover of Arian Resources by Bema Gold (BGO-T) has given the latter firm a majority interest in Omsukchansk Mining and Geological, which owns the Julietta gold-silver deposit in Russia’s …
MINING MARKETS & INVESTMENT NEWS — New Altius properties get boost from financing
Proceeds from a private placement by Altius Minerals (ALS-A) will enable the company to fund work programs at several gold properties in Newfoundland.The St. John’s, Nfld.-based company raised $210,00…