Zappa closes private placement
Zappa Resources (ZPA-V) has raised $1.5 million in a private placement with Cambior (CBJ-T). Proceeds will be used to explore the Papa Grande massive sulphide property in Ecuador.Zappa secured a major…
Articles by Northern Miner Staff
Noble Peak to resume drilling
A follow-up exploration program, including diamond drilling, will begin shortly at the Worcester mine project, a former producer in the Barberton gold belt of South Africa.Operator Noble Peak Resource…
Santa Catalina gets Colombian property
Santa Catalina (SLM-V) will earn a half interest in four concessions covering a major copper-gold porphyry system in northwestern Colombia.The remaining interest is held by Colorado-based Cyprus Amax …
EDITORIAL PAGE — Footprints over Voisey’s Bay
After meeting in Montreal to discuss their overlapping areas of aboriginal use and occupancy, the Labrador Metis Association and the Nunavik Inuit of northern Quebec formed a coalition to “protect the…
Avalon drills Dubenski project
A first phase of drilling by Avalon Ventures (AVL-V) is testing the resource potential of the Dubenksi gold project, 70 km southeast of Kenora, Ont.The property already contains a resource of 253,000 …
LITERATURE REVIEW — Santa Fe’s Nevada mines come of age
Having set a gold production record at its Nevada and California operations in 1996, Santa Fe Pacific Gold (GLD-N) says it is on track to join the 1-million-oz. club this year, climbing to a projected…
Cominco buys stake in Anvil Range
Base metal miner Cominco (CLT-T) has purchased 4.1 million shares of Anvil Range Mining (ARO-T) at $2.30 per share through a recent private placement.Gross proceeds of $9.4 million were paid to Anvil …
KWG adds to Russian portfolio
Montreal-based KWG Resources (KWG-T) can earn up to an 80% interest in seven gold properties held by Buccaneer Mining in the Magadan region of Far Eastern Russia.The agreement also covers three Russia…
Int’l Pursuit pursues Dayak
Determined to become a bigger player in Kalimantan, Indonesia, junior gold explorer International Pursuit (IPJ-T) is attempting a takeover of its partner, Dayak Goldfields (DAYK-C).Pursuit has offered…
Virginia discovers zone at Auclair
Quebec City-based Virginia Gold Mines (VIA-M) has discovered a new zone of gold mineralization at its Auclair property, in the James Bay area of northern Quebec.The zone is hosted in iron formation an…
Correction (February 17, 1997)
The Koktasjal deposit of Ursa Major International (FFR-M) lies in the Koktasjal licence area, not in the Nirinsk licence area. Also, the Nirinsk licence area is 210 km northwest, not northeast, of Kar…
NEWS IN BRIEF (February 17, 1997)
River Gold Mines (RIV-T) has bought the Magnacon mill near Wawa, Ont., from Golden Goose Resources (GGR-T), Windarra Minerals (WRA-T) and Westward Explorations (WWE-V). In return, Golden Goose will re…