Thunderwood sets to work at Radar property
Toronto-based juniors Thunderwood Resources (THS-T) and Consolidated Abitibi Resources (CAQ-M) have launched their 1997 exploration program at the 3,378-ha copper-zinc-gold Radar prospect near Flin Fl…
Articles by Northern Miner Staff
MacDonald starts drilling at Golden Hill in Cuba
While exploration continues on its Florencia concession in Cuba, MacDonald Mines Exploration (MMP.A-A) has begun drilling its nearby Golden Hill property in order to calculate a resource estimate for …
Altavista finds new gold zone at Santa Anna property
Junior Altavista Mines (AIA-M) has discovered another gold-bearing structure at its Santa Anna property, 15 km southwest of La Sarre in northwestern Quebec.The new discovery, called Zone 10, is 100 me…
Keylock Res. gets nod for foreign venture
The Alberta Stock Exchange has given its conditional approval for Keylock Resources (KL-A) to acquire all the shares of Centramining, a private company with interests in four gold projects in Kazaksta…
LITERATURE REVIEW — NEWS ROUNDUP — Great Lakes restructures
At a special meeting in late January, more than 98% of the shareholders of Great Lakes Minerals (GKM-T) approved the sale of the company’s Mexican assets to a wholly owned subsidiary, Newmex Mining.Th…
“We found too much gold” — Freeport-McMoRan to develop Busang, Bre-X retains 45% interest
The open bidding process had been going on all the time.Freeport-McMoRan Copper & Gold (FCX-N) will be the developer of the Busang gold project in northeastern Kalimantan, Indonesia, following an agre…
LITERATURE REVIEW — NEWS ROUNDUP — Verena seeks Rainbow jewels
A bulk-sampling program by Verena Minerals (VMCO-C) will test alexandrite and emerald deposits at the Rainbow project in Brazil. The junior controls more than 1.2 million ha of prospective gold and ge…
LITERATURE REVIEW — NEWS IN BRIEF
International Pursuit (IPJ-T) has reversed its decision to purchase shares of Western America Resources (WAR-A), after closing conditions for the purchase agreement between the two companies were not …
LITERATURE REVIEW — Dayton announces debenture
A financing proposal has been accepted by Dayton Mining (DAY-T) whereby the company will issue unsecured convertible debentures in the aggregate amount of US$60 million.This amount can be increased to…
LITERATURE REVIEW — NEWS ROUNDUP — Richmont files issuer bid
In the belief that its shares are undervalued, Richmont Mines (RIC-T) has filed notice that it intends to make a normal course issuer bid to buy its shares on the Montreal and Toronto exchanges.Up to …
LITERATURE REVIEW — NEWS ROUNDUP — Red metal keeps Asarco in black
New York-based Asarco (AR-N) reported net earnings of US$24.3 million for the fourth quarter of 1996, compared with a net loss of US$11.3 in the same period of the previous year.For the full year, the…
LITERATURE REVIEW — Potash Corp. posts sixth straight year of increased profits
Launched as a public company in 1990, Potash Corporation of Saskatchewan (POT-T) last year marked its sixth straight year of improved profits.As the company progressed through the year, each quarter p…