Financing (March 11, 1996)
Cambior — 8,000,000 shs @ $20.875 per sh.Golden Star Resources — 1,750,000 Units consisting of one Common Sh and one-half of one Common sh Purchase Wt @ $10.50 per Unit.Corriente Resources — 761,40…
Articles by Northern Miner Staff
Yukon Gold raises funds to explore land package in Yukon Territory
Junior Yukon Gold (VSE) has arranged a brokered private placement of 1.5 million special warrants at a price of $2 each.The special warrants will be exercisable into one common share and half a non-tr…
TSE approves Iamgold offering
In order to fund its exploration programs in West Africa, Iamgold has filed for a public offering of 10.4 million shares at $5.75 per share.The Toronto Stock Exchange has given conditional approval fo…
Royal Gold, High Desert form Crescent Valley JV
Another joint venture in the Crescent Valley of central Nevada is getting ready to explore for gold. Royal Gold (NASDAQ) and High Desert Mineral Resources (VSE) have formed a company, Royal High Deser…
Drilling expands Paron
An updated reserve estimate is being prepared for Arequipa Resources’ (TSE) Paron gold property in northern Peru.The recalculation follows infill and delineation drilling conducted on a tabular, outcr…
Drilling planned for Alliger West
Drills are about to turn at the Alliger West claim block, 75 km north of the Voisey’s Bay copper-nickel-cobalt discovery in Labrador.Ownership of the property is shared equally among Athabaska Gold Re…
Silver-tin deposit confirmed for Sunshine
Drilling is confirming the existence of a large, disseminated silver-tin deposit at the Pirquitas property in northwestern Argentina.Sunshine Mining & Refining (NYSE) reports that mineralization occur…
Tan Range set to explore in Ethiopia
The government of Ethiopia has granted Tan Range Exploration (TSE) the exclusive right to explore a 210-sq.-km mineral licence.The agreement covers exploration for gold on the Ilagere Mariam and Tulu …
Syndicate, Archon cancel agreement
The Slave Diamond Syndicate has terminated its agreement with Archon Minerals (VSE).Archon held the right, up until the end of 1995, to select potential kimberlite targets on claims owned by the Syndi…
Newmont Gold increases overall reserve base
One of America’s largest gold producers, Newmont Gold (NYSE), has increased its reserve base for the fifth consecutive year.The cumulative reserve base has grown 50% since 1990.Newmont ended 1995 with…
Nescor to join forces with Armada
Deal-maker Robert Friedland has struck again, this time combining an asset from a private company with one owned by Armada Gold (ASE).The result?A copper-gold mining company based in Central Asia.Arma…
Conductors outlined at Okak Bay property
A geophysical survey completed for Vancouver-listed partners Golden Trump Resources and Noront Resources has outlined three conductors on the Okak Bay 2381 property, 80 km north of Voisey’s Bay, Labra…