Oro merges with Minpro
Junior explorer Oro Blanco Resources (ORBL-C) and privately owned Minpro, a mining and waste management company, are merging to form a new company named Amalco.Under the proposal, which is still subje…
Articles by Northern Miner Staff
Tombstone acquiring Grassy Mtn.
Tombstone Explorations (TSO-T) is acquiring the Grassy Mountain gold project in southeastern Oregon from Atlas (AZ-N).The hot springs-style gold deposit is estimated to contain a measured and indicate…
McWatters buys East Amphi project
McWatters Mining (MCW-T) is paying Breakwater Resources (BWR-T) $3 million and a 1.5% net smelter return royalty for its stake in the East Amphi gold property, 2 km northwest of Malartic, Que.The 1,16…
MOST ACTIVE ISSUES, Dec. 10-16, 1997
ExchgVolume(000s)CloseWestmin ResT125205.50Lionore MngT…
TSE Short Positions (December 22, 1997)
Short position outstanding at November 30, 1997Larger individual positions include: Athabaska Gold 125,000, up 125,000; Barrick Gold 11,179,390, down 551,576; Campbell Resources 4,168,578; Echo Bay 85…
Altavista raises funds for Santa Anna drilling
Altavista Mines (AIA-M) has raised a total of $829,000 to finance the latest phase of drilling at its Santa Anna gold project in northwestern Quebec.Altavista closed on an initial $429,000 of a $650,0…
Miner reps to speak at CIM student night
The Bre-X Minerals fraud will be the topic of discussion at a special meeting of the Canadian Institute of Mining, Metallurgy and Petroleum, to be held Jan. 15 at Toronto’s Ontario Club.The discussion…
Cobalt conference set for early 1998
A conference focusing on cobalt will be held from Jan. 26-28 at the Palm Beach Hilton Hotel in Palm Beach, Fla.Entitled “Cobalt ’98: The Outlook for Cobalt in an Era of New Sources of Supply, New High…
LETTER TO THE EDITOR — Ruling based on cash paid, not incurred costs
In an otherwise accurate account of Exall Resources’ promising exploration results at the Glimmer mine in northeastern Ontario (T.N.M., Nov. 17/97), The Northern Miner may have misrepresented the effe…
Teck, MM Gold pull out of Masao 13 NEWS IN BRIEF
Teck (TEK-T) and Australian producer MM Gold have scrapped a proposal to explore jointly the Masao gold project of South Pacific Resources (SHF-A) in Kalimantan, Indonesia.Teck and MM Gold decided aga…
Terrorists bomb Greek government office — Protest against TVX Olympias project injures police officer
Saying it was protesting plans by TVX Gold (TVX-T) to develop the Olympias gold project in northern Greece, a terrorist faction called the Fighting Guerrilla Formation exploded a bomb at the office of…
Cominco cans Sa Dena Hes
Plans by Cominco (CLT-T) to reopen the Sa Dena Hes zinc-lead mine in southeastern Yukon have been cancelled following the deterioration of market conditions.Cominco, the operator, has a 25% interest i…