Corner Bay acquires Arizona copper play
Corner Bay Minerals (TSE) is acquiring the Korn Kobb copper property in Arizona by making option and acquisition expenditures and paying a residual royalty on production to the vendor.Corner Bay has, …
Articles by Northern Miner Staff
Meetings (June 12, 1995)
MEETINGSJune 19, Canadian Mining — annual, generalJune 19, Cross Lake — annual, generalJune 19, Dalmatian — annualJune 19, DRC — annual, generalJune 19, Golden Dividend — annual, generalJune 19, …
Tombstone closes Honduran deal
The closing of an agreement to purchase a 100% interest in the Minas de Oro gold-copper property provides Tombstone Explorations (TSE) with a project in Honduras.The company paid 80-20 owners Kennecot…
U.S. silver industry continues growth
Activity in the U.S. silver market in 1994 continued the upward price trend that began to develop in early 1993 (although in that year, a near-20-year low of $3.54 per oz. was recorded).Volatility was…
Mine safety improves in Canada
The safety performance of Canada’s mining industry improved 75% between 1984 and 1994, according to statistics released by the Ontario Mining Association.The lost-time injury rate last year was 1.86 p…
LETTER TO THE EDITOR — Reserves misquoted for Battle zone
In the May 22 issue of The Northern Miner an article on Westmin’s 1995 first-quarter results mentions the Battle zone development in British Columbia but misquotes the reserves.Minable reserves at the…
NEWS IN BRIEF (June 12, 1995)
Manor Resources (MNO:ASE) has changed its name to American Manor (ANO:ASE) on a 1-new-for-10-old-share basis.
Sierra Nevada lands Mexican ground
A recent purchase agreement provides Sierra Nevada Gold (VSE) with control of the Promontorio gold-copper property in Chihuahua, Mexico.The company will pay US$50,000 on final signing, plus US$100,000…
Copperstone arranges financing
Funds generated by the arrangement of two private placements will be used by Copperstone Resources (VSE) to pay a portion of its existing debt and to make the required option payments for the Boleo co…
Royalstar expands ground position near Harp Lake
Royalstar Resources (VSE) has acquired 44,341 acres in the Harp Lake area of Labrador.The eight claim blocks are underlain by nickel, copper and cobalt lake sediment anomalies. Several magnetic anomal…
PRODUCER PRICES (June 12, 1995)
ALUMINUM: MW U.S. market US83.5-84.5 cents per lb. (May 19, 1995).ANTIMONY: MW New York dealer US$2.20-2.30 per lb. (March 31, 1995).BISMUTH: MW New York dealer US$3.55-3.65 per lb. (May 12, 1995).CAD…
IGR to increase interest in Bibiani
The Ministry of Mines and Energy for the Republic of Ghana has informed International Gold Resources (TSE) that it is prepared to sell its 18% contributory equity interest in the Bibiani gold project….