Development plans for 543-S project
Joint-venture partners Great Lakes Minerals (TSE) and Brookline Minerals (VSE) will begin developing the 543-S copper project in Michigan’s Keweenaw Peninsula. Brookline will fund the $5.5-million, 3-…
Articles by Northern Miner Staff
Battle Mountain boosts earnings
New York-listed Battle Mountain Gold earned US$2 million in the fourth quarter of 1994, compared with a loss of US$400,000 for the same period in the previous year. This raises net income for the year…
Menora acquiring Czech royalty
Toronto-based Menora Resources (ME) plans to acquire a mill royalty and an option interest in a package of five gold properties in the Czech Republic. The junior will pay US$200,000 to the Harrison Gr…
IGR’s Bibiani play enhanced
Independent consultants estimate the Bibiani project in Ghana contains 1.8 million oz. gold, which includes measured and indicated resources from tailings, surface mine waste and the Main zone. Toront…
INVESTMENT COMMENTARY — MK Gold seen as undervalued
Brokerage house Robertson, Stephens & Co. recommends MK Gold (NASDAQ) as a buy, describing it as an “undervalued gold miner with a bright future.” And yet, despite this positive outlook, investors app…
Inco explores properties in Casa Berardi region
A program of line cutting, induced-polarization (IP) surveys and diamond drilling has begun on two properties held by Inco (TSE) in the Casa Berardi area of northern Quebec. In Casa Berardi Twp., Inco…
Mirage, partners drill testing Salvadoran play
Drilling on El Dorado, a gold project in El Salvador, has returned additional gold values for joint-venture partners Mirage Resources (VSE), Bethlehem Resources (TSE) and Dejour Mines (TSE). Bethlehem…
Emerald Isle and Stralak plan garnet production
VSE-listed Emerald Isle Resources and Stralak Resources have announced production plans for their high-grade almandine garnet project in Street Twp., about 24 miles from Sudbury, Ont. An all-weather r…
NEWS ROUNDUP — Ariel to build pilot plant
Faced with substantial quantities of lower-grade oxidized ore on its Costa Rican gold properties, Ariel Resources (TSE) has decided to construct a 150-ton-per-day pilot plant. A patented flow vat-leac…
NEWS ROUNDUP — Pacific Vangold adds to ground
The addition of two new exploration licences in Uganda increases Pacific Vangold Mines’ (VSE) holdings in that country to more than 9,600 sq. km. The newly acquired ground stretches along Uganda’s sou…
NEWS ROUNDUP — Noranda drilling Fancamp ground
The exploration division of Noranda (TSE) has completed a 4-hole, 5,000-ft. drill program on the Dileo Lake base metal property north of Chibougamau, Que. Although none of the holes returned significa…
Miramar takes over Athena
Gold producer Miramar Mining (TSE) has cleared the final hurdle for its acquisition of Athena Gold (VSE). Shareholders of Athena received one common share of Miramar for every 2.8 common shares held. …