Queenston arranges placement in Western Copper
Queenston Mining (QMI-T) has sold 200,000 shares of Western Copper Holdings (WTC-T) at $7.25 each and, subject to regulatory approval, has arranged to purchase a 200,000-unit private placement at $7.2…
Articles by Northern Miner Staff
Guyana Goldfields acquires past producer
Guyana Goldfields (GGFI-C) has picked up the Aurora property in Guyana, the site of the country’s largest past-producing gold mine.In order to earn its interest in the 65-sq.-km property, the company …
Namco sells diamonds
London, England-based Namibian Minerals (NMR-T) has sold its first parcel of diamonds from its coastal operations in Namibia.The 5,093 carats of diamonds were sold in Antwerp, Belgium, for US$913,388,…
Anomalies defined at Kikerk Lake
With results in hand for all till samples collected during the 1997 program, partners Caledonia Mining (CAL-T) and Condor International Resources (COD-V) have defined a geochemical anomaly on the Hunt…
Fjordland set to begin Greenland diamond hunt
Fjordland Minerals (FML-V) is preparing to begin a helicopter-supported till-sampling program in Greenland.The Vancouver-based junior intends to focus on 24 areas where last year’s reconnaissance samp…
Diamond explorer deals for gold properties in NWT
Glenmore Highlands (GMH-A), known for its diamond exploration interests in the Northwest Territories, has struck a deal to acquire a controlling interest in a company that owns gold projects in northe…
Noranda takes over Refimet
Toronto-based major Noranda (NOR-T) has acquired all the shares of Fundicion Refimet that it did not already hold. The shares were acquired from Inversiones Mineras del Pacifico and Barrick Gold (ABX-…
Confirmation drilling under way at Kabolela copper project
Melkior Resources (MKR-M), has begun a confirmation drilling program on the Kabolela copper-cobalt deposit in the Democratic Republic of Congo.The Kabolela deposit is situated on the Likasi property, …
Tex-Sol hits gold in Timmins camp
Drilling by United Tex-Sol Mines (UTX.A-A) has identified additional mineralization at the Clavos property near Timmins, Ont.Drilling in hole 99, 30 metres north of the D horizon, intersected a quartz…
Companies (June 01, 1998)
Akrokeri-Ashanti Gold MinesAmerica Mineral FieldsAnatolia Minerals DevelopmentAsarcoAtna ResourcesAustralian Kimberley DiamondsBarrick GoldBig I DevelopmentsBolidenBrimstone GoldCaledonia MiningCameco…
Dakota’s Alaskan unit seeks creditor protection
Crumbling under a large debt load, Dakota Mining (DKT-T) operating subsidiary USMX of Alaska has filed for bankruptcy protection.After a 90-day interim financing facility provided by NM Rothschild & S…
Orezone expands Intiedougou
In hopes of replicating the success of its exploration of the Intiedougou gold property in Burkina Faso, Orezone Resources (ORZ-M) has optioned a 500-sq.-km parcel of land immediately to the south.Ore…