NEWS IN BRIEF (October 13, 1997)
Osito (OSV-V) has changed its name to Sennen Resources (SN-V).
Articles by Northern Miner Staff
Goldbelt outlines Kazakstani targets
Goldbelt Resources (GDB-V) has delineated four new drill targets on its exploration licences in northeastern Kazakstan.The discoveries, outlined below, resulted from a 47.2-line-km geophysical program…
St Andrew issues 1 million shares
St Andrew Goldfields (SAS-T) is proceeding with a private placement of 1 million flow-through shares priced at $2.65 each.The company will use the proceeds to explore its gold properties near Timmins,…
Great Central takes control of Eagle
Great Central Mines (GTCMY-Q) continues to shore up its land hondings in the Yandal mineral belt of Western Australia.The New York City-based company has acquired control of a Western Australia gold p…
Sparton drills gold at Hanover project in Timmins camp
A first phase of drilling by Sparton Resources (SPTN-C) has intersected multiple zones of gold mineralization on the Harrower property in Timmins, Ont.The program included 11 drill holes, comprising 2…
First Quantum to acquire International Ballater
Copper producer First Quantum Minerals (FM-V) will acquire junior gold producer International Ballater Resources (IBA-V).Under terms of the deal, which is expected to close in December, one Quantum sh…
Cambior, Golden Star boost reserves at Gross Rosebel — Resource figures climb at La Arena project
Once again, Cambior (CBJ-T) and partner Golden Star Resources (GSC-T) have increased the reserve estimate at their Gross Rosebel gold project in Suriname, South America, by almost one-third.The Gross …
World exploration salaries at comparable levels
A survey suggests that salaries for those employed in the upper levels of exploration are consistent throughout many countries that have a substantial mining industry.Salaries for exploration professi…
DIAMOND PAGE — SouthernEra confirms Marsfontein diamond grades
Assays of a bulk sample taken from the M-1 kimberlite pipe on the Marsfontein farm at the Klipspringer project in South Africa have confirmed earlier grade estimates, reports SouthernEra Resources (SU…
METAL PRICES (October 13, 1997)
Daily Metal PricesBASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateOct. 7Oct. 6Oct. 3…
NFX hits hot grades near Cheminis
Drilling near the past-producing Cheminis mine near Virginiatown, Ont., junior NFX Gold (NFXG-C) has hit significant gold grades.Three holes drilled from the 1,035-ft. level of the mine confirmed the …
Camnor tests for gold in Nevada
Drilling by Camnor Resources (CMB-V) will test three gold properties in Nevada.Work is already under way at the Alum and Raven properties. Alum is situated 60 km west of Tonopah, within the Walker Lan…