Formation adds to Sunshine holdings
The acquisition of 68 claims in the Idaho cobalt belt expands the holdings of Formation Capital (VSE) at its Sunshine project. Three main target areas — Sunshine, Lion and Northfield — now combine t…
Articles by Northern Miner Staff
PEOPLE — CRYSTALLEX INT’L (March 13, 1995)
Marc Oppenheimer appointed president and chief executive officer; Douglas Newby and Stephen Goss appointed vice-presidents; and W. Zin appointed chief operating officer.
Murgor reports results from two more holes
Junior Murgor Resources (VSE) has reported results from two additional holes drilled on the Barry Twp. gold property in northwestern Quebec. Hole 95-2, collared 82 ft. south of hole 95-1, intersected …
Dona Lake faces charges in mill mishap at Pickle Lake
Former producer Dona Lake Gold Mine has been charged with three violations of Ontario’s Occupational Health and Safety Act in connection with a critical-injury accident in 1994 at its mill near Pickle…
Red Chris passes flotation tests
Metallurgical tests on four bulk samples from the Red Chris deposit in north-central British Columbia indicate the mineralization can be processed by standard flotation techniques. American Bullion Mi…
McLeese reopening helps Gibraltar’s quarterly profit
The reactivation of the McLeese Lake open-pit copper mine in British Columbia enabled Gibraltar Mines (TSE) to report a profit of $416,000 for the fourth quarter of 1994, on revenue of just over $13 m…
PEOPLE — AMAX GOLD (March 13, 1995)
Roger Kauffman appointed president and chief operating officer.
PEOPLE — DIAMOND FIELDS (March 13, 1995)
Edward Mercaldo appointed executive vice-president and chief financial officer.
Greenstone ups gold resource
Gold producer Greenstone Resources (TSE) has almost doubled the gold resource contained within the San Andres project in Honduras. The resource rose to 1 million oz. after completion of a 2,500-metre …
Corrections (March 13, 1995)
A preliminary economic evaluation on the Kabanga nickel-cobalt project in Tanzania estimates the yearly cash flow at US$115 million, not US$155 million as reported in our issue of Feb. 27. BHP Mineral…
Atna in option deal with YGC in Yukon
Under a joint-venture agreement, Atna Resources (VSE) has the option to earn from YGC Resources (VSE) a 65% interest in eight base metal properties in the Yukon. To do so, Atna must spend $1.5 million…
Caledonia and Holmer in Cuban joint venture
Two juniors, Caledonia Mining (TSE) and Holmer Gold Mines (ASE), have formed an alliance to explore mineral prospects in Cuba. Caledonia can acquire up to a 50% interest in Holmer’s Cuban properties b…