Meetings (June 08, 1998)
June 8, DalmationJune 8, Grange GoldJune 8, Int’l CapriJune 8, Rio Narcea.June 9, Big BearJune 9, BijouJune 9, Crown ButteJune 9, Mineral ResourcesJune 9, Newhawk Gold.June 9, NearyJune 9, ProfcoJune …
Articles by Northern Miner Staff
St Andrew hits high-grade mineralization
Junior St Andrew Goldfields (SAS-T) has completed a program of wedge drilling at its Taylor gold property in the Matheson area of northeastern Ontario.The program’s purpose was to test the continuity …
NovaGold extends Murray Brook zone
Junior NovaGold Resources (NRI-T) has drilled another five new holes at its Murray Brook polymetallic property in northern New Brunswick.Each hole was collared to test the down-plunge extension of a l…
AMF completes Idas purchase
Texas-based America Mineral Fields (AMZ-T) has completed its previously announced purchase of Idas Resources, a private company with a 50% interest in two large diamond concessions in Angola.The revis…
Canabrava drills for diamonds
Canabrava Diamond (CNB-V) is set to begin a first-phase drill program to test newly discovered kimberlites on the company’s Whitefish Lake property, 25 km northeast of Wawa, Ont.The property consists …
Diamonds recovered from Tuzo — Summer program planned for neighboring Doyle Lake project
The Tuzo kimberlite pipe on the AK property in the Northwest Territories has returned positive mini-bulk sampling results.De Beers Consolidated Mines (DBRS-Q) subsidiary Monopros recovered 108 carats …
FINANCINGS — New Claymore funds Buffalo Hills exploration
New Claymore Resources (NCS-V) has agreed to a brokered private placement of up to 1 million units at $1.60 each, for gross proceeds of up to $1.6 million.Each unit will consist of one common share an…
Rayrock Yellowknife wraps up takeover of Minera Rayrock
Rayrock Yellowknife Resources (RAY-T) has succeeded in its bid to take over affiliate Minera Rayrock (MRN-T).Rayrock, a Toronto-based gold and copper producer, had held a 37.5% interest (19.1 million …
William Resources sinks deeper into red
Despite having boosted overall gold production in 1997, William Resources (WIM-T) ended up deeper in the red.The mid-tier gold producer lost $77.5 million (or $1.58 per share) on revenue of $94 millio…
Discovery made in Peru — Juniors buoyed by “trespass” drilling
It isn’t often that a junior company is pleased when a major company trespasses on its property to drill a few holes.But Nicholas Tintor, president of New Inca Gold (NIGL-C), says he is “extremely ple…
First Dynasty sells Armenian gold
Singapore-based First Dynasty Mines (FDM-T) has exported its first shipment of gold dorefrom the Ararat tailings project in western Armenia.A total of 312 oz. gold was sent to a refinery in the United…
DiamondWorks to return to Koidu
With pro-government forces now in control of the area surrounding the Koidu diamond concession in eastern Sierra Leone, DiamondWorks (DMW-T) is planning its return.At an annual meeting held recently i…