Echo Bay acquires stake in Fairmile
Gold producer Echo Bay Mines (eco-x) is expected to gain an 8% interest in Fairmile Gold (fla-a), which has an option to acquire the Buffalo Valley gold project in northern Nevada.Echo Bay will acquir…
Articles by Northern Miner Staff
Naneco begins drilling on property in South Dakota
In South Dakota, Naneco Minerals (nne-a) has begun drilling on a property it believes is geologically similar to the nearby Homestake gold mine.Drilling on the Cochrane property started in March, and …
Royal Gold reports reserves at Long Valley
Royal Gold (rgld-q) has proved up reserves at the Long Valley gold project in eastern California.In 1996, the company drilled 326 reverse-circulation holes in a program spanning 100,000 ft. Proven and…
First results show potential of Takatu
All but one of eight diamond drill holes at the Takatu gold project in Guyana have returned potentially economic grades over minable widths.Joint-venture partners Champion Resources (chl-v) and Toscan…
Menora begins drilling in Guyana
Toronto-based Menora Resources (men-m) has begun a shallow drilling program on its 3,817-ha Tassawini gold prospect in Guyana.The program will collar up to 700 core samples, drilled to depths of 6 to …
KWG confirms gold at Morne Bossa prospect
Drilling by Montreal-based KWG Resources (kwg-t) at its Morne Bossa prospect, south of Cap Haitien in northern Haiti, continues to return encouraging gold values.Recent highlights include: 37.5 metres…
Quantum eyes Zambian mines
The government of Zambia has offered First Quantum Minerals (fm-v) a seat at the negotiation table in talks related to the sale of state-owned mines and processing facilities.The Zambian Privatization…
Eastmain Res. to explore greenstone belt in Quebec
Toronto-based Eastmain Resources (er-t) is gearing up to explore 65,000 ha of the Eastmain greenstone belt, which is situated 800 km northwest of Montreal, Que.At the Lac Hudson gold prospect, Eastmai…
Addwest shelves plans to raise capital on Canadian market
In light of recent fluctuations in the Canadian financial market, Addwest Minerals (ala-v) has decided to postpone a fund-raising and stock rollback on the Vancouver Stock Exchange.The Denver-based co…
EXCHANGE RATES (Bank of Canada noon rate)
DateApr. 22Apr. 21Apr. 18Apr. 17Apr. 16U.S. Dollar1.39551.3976…
Mongolia Gold adds ground
Mongolia Gold Resources (mgr-v) has added to its holdings in Mongolia by acquiring an 80% interest in two exploration licences.The properties, which, combined, cover 5,000 sq. km of ground in the cent…
TORONTO STOCK EXCHANGE INDICES (April 28, 1997)
1997Apr 22Apr 21Apr 18Apr 17Apr 16HighLowComposit…