Sherritt restructures into two entities
Toronto-listed Sherritt has raised $341 million through a rights offering in spinoff company Sherritt International.Shareholders received one transferable right for each Sherritt share held. One trans…
Articles by Northern Miner Staff
Sheridan and Northern Platinum file claim
Junior Northern Platinum (VSE) and J.P. Sheridan, a director of the company, have filed a statement of claim in an Ontario court for damages amounting to $25 million.The claim relates to an agreement …
Spot prices at a glance (January 08, 1996)
Wednesday, January 3, 1996Week’s Price (US)ChangeGold*$390.50+$3.15Silver*$ 5.35+$0.19Platinum*$406.00-$1.00Nickel**$ 3.34-$0.32Lead**$ 0.31-$0.02Copper$ 1.25-$0.04Zinc$ 0….
Cold weather forces NDT Ventures to suspend winter drill program
Drilling on Project 10 in the Staghorn Lake area, 80 km northwest of Nain, Labrador, has been suspended until weather conditions improve.NDT Ventures (VSE) has completed four holes in a program aimed …
Cartaway, Peruvian drill-test property
Drilling is under way on the Peruvian “B” property, 200 km northwest of Goose Bay, Labrador.Cartaway Container (ASE) is funding the program under an option that enables it to earn a half interest from…
Arimetco buys Paradise Peak operation
Arimetco International (TSE) has acquired the Paradise Peak operation from FMC Gold (NYSE). The operation, situated near Gabbs, Nev., comes complete with a gold processing plant.Arimetco paid FMC US$2…
Arequipa unveils drilling results
Peruvian explorer Arequipa Resources (TSE) has revealed some encouraging drill results from its copper prospect known as Los Calatos.Situated in the southern part of the country, the property spans 8,…
Venezuela pushes for mining reforms
The Venezuelan government is determined to improve the opportunities for investment in the mining sector, says Dr. Oswaldo Ruiz, director of mining and geology for the country’s Ministry of Energy and…
Sierra Nevada drills Promontorio property
Drilling is under way on the Promontorio property in Mexico’s Chihuahua state.Sierra Nevada Gold (VSE) has thus far drilled two holes on the Mina Vieja zone.Hole P95-01 returned 140 ft. of 0.46% coppe…
Anglo Minerals options the Indin Lake gold property
A joint-venture agreement with Globaltex Industries (VSE) gives Anglo Minerals (ASE) the right to earn a half interest in the Indin Lake gold property, 130 air miles northwest of Yellowknife, N.W.T.To…
West African extends program
Trenching results suggest the Anwia anomaly on the Teleku-Bokazo property in western Ghana has widespread gold mineralization.West Africa Mining Exploration (CDN) reports that two trenches, dug on the…
Battle Mountain advances Aussie deposit
Delineation work is progressing at a high-grade, underground target at the Pajingo mine in Queensland, Australia.Battle Mountain Gold (NYSE) reports that its Vera deposit has the potential to contain …