Exall Resources raises financing
In northeastern Ontario, development work continues on schedule at the Hislop Twp. gold project of Exall Resources (EXL-T) and Glimmer Resources (GME-V).The former has reached an agreement in principl…
Articles by Northern Miner Staff
NEWS IN BRIEF (September 09, 1996)
Jackpine Mining (JPM-V) has changed its name to USV Telemanagement (UVT-V).
SouthernEra work yields 2,000 carats
A bulk-sampling program at SouthernEra Resources’ (SUF-T) Klipspringer diamond project in South Africa has yielded more than 2,000 carats.A valuation on the first 1,753 diamonds in the parcel, most of…
Imperial agrees to buy Regional
Junior Imperial Metals (IPM-T) is offering either 0.8 of a share or $1 cash for all the outstanding shares of Regional Resources (RGL-T).Regional’s main asset is an 82.15% interest in the Midway proje…
World Wide bullish on Kazakhstani uranium project
The preliminary due diligence report on the first phase of a uranium mining project in Kazakhstan has produced positive results.The property is owned by Tselinny, a state-owned company centred on uran…
Orvana to explore Don Mario at depth
In its next phase of drilling on the Don Mario deposit in Bolivia, Orvana Minerals (ORV-T) will focus on the structure’s down-plunge extension.In the first phase, the company intersected an average tr…
Placer Dome intersects gold at property near Detour Lake
Drill holes on two projects in the Detour Lake area of northeastern Ontario have intersected gold mineralization.Placer Dome (PDG-T), drilling on a property it holds under option from Gowest Amalgamat…
Ellios explores in Greenland
A total of 228 heavy mineral concentrate samples have been collected from stream sediments downstream of circular-shaped lakes on ground held by Ellios Resources (EOR-V) in Greenland.The company acqui…
NEWS ROUNDUP — Santa Cruz finds zone at Magistral
Junior Santa Cruz Gold (SCG-T) has intersected a new zone following drilling at its Magistral gold project in Sinaloa state, Mexico.Infill hole MDH-281, drilled to test the updip potential of the San …
NEWS ROUNDUP — Globex has chance at Quebec deposit
Junior Globex Mining (GMX-M) has reached an agreement to earn a 50% interest in the Wood gold deposit near Cadillac, Que., once Amblin Resources acquires full ownership of the deposit.Under the agreem…
Misty Mountain adds to Harmony deposit
Drill results from the Harmony gold project in British Columbia’s Queen Charlotte Islands continue to impress owner Misty Mountain Gold (MGL-T).Misty is systematically drilling the Specogna deposit on…
Financing arranged for Lomas Bayas
Debt financing to the tune of US$140 million has been arranged for development of the Lomas Bayas oxide copper mine project in northern Chile.The project has been delayed since early July, when Gibral…