Fortune options more N.W.T. land
Fortune Minerals NWT, a unit of Fortune Minerals (CDN), has entered into an option agreement with Noranda (TSE) to earn a half interest in the Sue-Dianne copper-silver deposit in the Northwest Territo…
Articles by Northern Miner Staff
DIAMOND NEWS ROUNDUP — Mink buys Niaouleni from Viceroy
The purchase of a 51% interest in the Niaouleni concession in Mali from Viceroy Resources (TSE) will give Mink Mineral Resources (VSE) full ownership of the property.Viceroy completed the earn-in of t…
DIAMOND NEWS ROUNDUP — Partners hunt indicator mineral source
Further diamond exploration is planned for the northern portion of the WO claim block, near Lac de Gras in the Northwest Territories.The claims are held 40% by Kennecott Canada, 15% by Aber Resources …
COMMENTARY — Activity in Alaska heats up
Alaskan exploration expenditures in 1994 were reported as US$31.1 million, up slightly from US$30.3 million in 1993. Although more exploration expenditures were reported in the southeastern region of …
FreeGold reports Golden Summit holes
VSE-listed International FreeGold Mineral Development has completed a second round of drilling on the Dolphin zone at its 26,000-acre Golden Summit project, 20 miles northeast of Fairbanks, Alaska.Fre…
Diamonds found in French Guiana
Toronto-listed Guyanor Ressources has discovered diamonds in a metamorphosed ultramafic rock within its Dachine permit area in French Guiana.Guyanor, which is 70% owned by Golden Star Resources (TSE),…
Guyana Gold aims to expand Sabi
Production from the Sabi gold mine in Zimbabwe is being expanded.Since it acquired a 55% interest in the mine 10 months ago, Guyana Gold (TSE) has extracted 10,071 oz. from the mine at a cash cost of …
Sharpe gains Labrador claims
CDN-listed Sharpe Energy & Resources has acquired a 35% interest in 400 claims in southern Labrador.The claims, which cover the 100-km-long Kyfanan Lake intrusion, are jointly held by Peruvian Gold (V…
Adex makes gains at Mount Pleasant
The financing necessary to put New Brunswick’s Mount Pleasant polymetallic mine back into production may be forthcoming, Adex Mining (TSE) reports.Discussions include both equity and debt arrangements…
Minco gains stake in Chinese property
An agreement with Pacific Canada Resources (PCR), a private, arm’s-length company, gives Minco Mining & Metals (VSE) the right to acquire an interest in a portfolio of Chinese base and precious metal …
INSIDER TRADING — Cornucopia execs exercise options
Since December 1995, several senior officers of Cornucopia Resources (TSE) exercised options and acquired shares, which were later sold.According to the Ontario Securities Commission’s OSC Bulletin, D…
INVESTMENT COMMENTARY — Exposure to foreign projects boosts High River Gold’s potential
A new gold mine in Manitoba and a growing roster of international projects have enhanced the growth potential of High River Gold Mines (TSE).Mining analyst David James of Canaccord Capital describes t…