Mar-West to raise exploration funds
Mar-West Resources (MSR-V) has agreed to a brokered private placement of 1.5 million special warrants at $2 each for proceeds of $3 million.Proceeds will be used to acquire and explore projects in El …
Articles by Northern Miner Staff
American Mineral Fields augments zinc project
Through a wholly owned subsidiary, America Mineral Fields (AMZ-T) has set up an exploration office in Solwezi, Zambia, to explore a large concession in that country’s copper belt.The 1,400-sq.-km conc…
Tenke seeks copper, cobalt in Zaire
Tenke Mining (TNK-T) will carry out a 40,000-metre drill program in an area between the Tenke and Fungurume copper-cobalt deposits in the highlands of southeastern Zaire.The goal of the 12-month progr…
Production boosts Louvem’s revenues
ntreal-based Louvem Mines (LOV-T) has passed its first full year as a gold producer since startup, in January 1996, at the Beaufor mine, near Val d’Or, Que.e vein-type lode-gold mine is owned equally …
Auspex drills for gold in West Africa
Determined to outline economic gold mineralization at its Koulbaga concession in southwestern Niger, Auspex Minerals (APJ-V) has launched a 2,000-metre drill program.Over the past year, six gold anoma…
EDITORIAL PAGE — Avoiding conflicts
Last October, in the wake of the Cartaway Resources fiasco and other “controversial incidents” that shook investor confidence and cast a pall over otherwise buoyant equity markets, Canadian securities…
METAL PRICES — FREE MARKET (March 17, 1997)
London Metal ExchangeMidday bid-ask prices in $US per tonneDateMar. 11Mar. 10Mar. 7Mar. 6Mar. 5…
Ming terminates Strange Lake deal
Vancouver-based Ming Financial (MF-A) has decided against acquiring the Strange Lake yttrium property in northwestern Labrador from Iron Ore Co. of Canada (IOC).Ming says its decision was based on an …
First year proves golden for River Gold Mines
The first 12 months of production at the Eagle River gold mine, near Wawa, Ont., translated into a strong year for owner River Gold Mines (RIV-T).Earnings for 1996 amounted to $5.9 million (or 19 cent…
Chase expands zone at Archangel
Initial drilling by Chase Resource (CQS-T) at its Archangel gold-copper property in the Philippines has expanded the area of known mineralization.Flat-lying zones of sheeted quartz veins and intensely…
Roycefield to produce antimony at Beaver Brook mine this year
Junior Roycefield Resources (RYC-T) has confirmed plans to bring its Beaver Brook antimony mine, in central Newfoundland, into full production in mid-1997.The company reports progress on the following…
Silver Century hits copper in Quebec
Drilling by Silver Century Explorations (SVC-A) has intersected strong copper grades on the Stoke property, northeast of Sherbrooke, Que.The company’s interest in the property was obtained through its…