Drilling planned at Bend deposit
The joint venture of Sharpe Energy & Resources (CDN), Freewest Resources Canada (TSE) and Cyprus Amax Minerals (NYSE) will drill an electromagnetic (EM) anomaly 3.7 km northeast of the Bend massive su…
Articles by Northern Miner Staff
METAL PRICES (February 12, 1996)
London Metal ExchangeSpot closing prices in $US per tonneDateFeb. 5Feb. 4 Feb. 2Feb. 1Jan. 31Copper2685.5-2670.52562-2564 2576-25782589-25912564-2566Lead759-761 767.8-768.5 768-769777.5-…
Moneta completes private placement
Moneta Porcupine Mines (TSE) has placed 2.4 million units, consisting of two shares and one purchase warrant each, with European institutions, for gross proceeds of $2.9 million.The warrants are exerc…
METALS AND MINERALS — Coal industry gears up for second export boom
Coal is a mineral commodity that rarely captures the interest of investors and mining analysts. That perception may change now that the outlook coal markets is improving in response to economic activi…
Index (February 12, 1996)
REGULAR DEPTS.CareersClassified AdvertisingCommentaryDiamond DrillersEditorialsMetal PricesMetals and MineralsOdds `n’ SodsPeopleProfessional DirectoryStock MarketsSubscriber Service…
Pentland ponders underground programs in Hoyle Twp.
With three gold properties taking shape near the Bell Creek mine in northeastern Ontario, Pentland Firth Ventures (TSE) is formulating underground programs, to be implemented in the third quarter.Gold…
Ore outlined at Cerro San Pedro
A prefeasibility study on the Cerro San Pedro heap-leach gold-silver project in central Mexico has outlined nearly 2 million oz. gold-equivalent.Owner Metallica Resources (TSE) estimates a preliminary…
CaribGold surveys Cuban properties
In search of drill targets, CaribGold Resources (TSE) is conducting geophysical surveys on its most advanced properties in Cuba.An induced-polarization (IP) survey exceeding 50 line km is being carrie…
Cons. Professor gives in to takeover by Royal Oak
Several large shareholders in Consolidated Professor Mines (TSE) have agreed to an 80 cents-per-share takeover offer from Royal Oak Mines (TSE). For its part, Royal Oak will be looking at production p…
PRODUCER PRICES (February 12, 1996)
ALUMINUM: MW U.S. market US72.5 cents-73.5 cents per lb. (Jan. 26, 1996).ANTIMONY: MW New York dealer US$2.00-2.20 per lb. (Dec. 8, 1995).BISMUTH: MW New York dealer US$4.10-4.30 per lb. (Dec. 8, 1995…
Newminex drills Newfoundland base metal property
Newfoundland Mining & Exploration (or Newminex) has hit base-metal mineralization in three of seven holes drilled at its property near past-producing mines in central Newfoundland.Results from the thr…
PEOPLE — RIO ALGOM (February 12, 1996)
L. Reinertson to be appointed president and chief exectutive officer.