NEWS IN BRIEF — Cornucopia Res. receives funds
The New York branch of Dresdner Bank AG will provide Cornucopia Resources (CNP-T) with US$22.5 million in financing for the Mineral Ridge gold deposit in Esmeralda Cty., Nev.The loan will be combined …
Articles by Northern Miner Staff
Orvana continues drilling at Pederson
A 10,000-metre program of reverse-circulation drilling on the Pederson gold project in Bolivia is nearing completion, reports Orvana Minerals (ORV-T).Although assays have been received for only eight …
NEWS IN BRIEF — Britannia options Mexican ground
The Mexican subsidiary of Britannia Gold (BGP-V) will option two concessions covering 1,050 acres in Mexico’s Oaxaca state.The acquisition is subject to a 3% net smelter return royalty and requires th…
NEWS IN BRIEF — Newhawk acquires Table Mountain
Kennecott Exploration will option its 20-claim Table Mountain project in Nevada to Newhawk Gold Mines (NHG-T).Table Mountain lies 30 miles south of Winnemucca, between Newhawk’s Pronto Plata property …
NEWS IN BRIEF — Normabec in Chile
With mapping and geophysical surveying under way at its Laguna del Alto gold-copper property in Chile, Normabec Mining Resources (NMB-M) is beginning to prepare for drilling.To fund the work, Normabec…
Joe Mann’s reserves on the rise
The Joe Mann mine, 40 miles south of here, has taken fortune’s buffets and rewards over its 40-year career. Now, under the management of Campbell Resources (CCH-T), it has enjoyed almost a decade of s…
NEWS IN BRIEF (October 07, 1996)
Consolidated Ramrod Gold (CYN-T) has changed its name to Quest International (QIX-T) (QIXXF-Q).
Bre-X may sell all or part of Busang
Following consultation with Republic National Bank of New York and J.P.Morgan & Co., Bre-X Minerals (BXM-T) may be willing to sell part or all of its Busang deposit in Indonesia.Bre-X announced it wou…
Richmont ups Francoeur reserves
Underground exploration has expanded reserves at the Francoeur gold mine in northwestern Quebec.Mine owner Richmont Mines (RIC-T) says the $1.05-million drifting and drilling program added 276,000 ton…
Dayton Mining nixes merger with Pegasus Gold
Pegasus Gold (PGU-T) has been rebuffed following its US$390-million proposal to merge with Vancouver-based Dayton Mining (DAY-T).Dayton management, which controls 20% of the company’s stock, supported…
PEOPLE — ORO BELLE (October 07, 1996)
George Young appointed director, president and chief operating officer.
PEOPLE — MILL CITY
Lawrence Revitt appointed vice-president/general counsel and director.