NEWS ROUNDUP — Pathfinder jumps for Joy
In addition to acquiring a listing on the Vancouver Stock Exchange, Pathfinder Resources has begun exploring the Joy copper-zinc property near Red Lake, Ont. The junior can earn a 25% stake in the pro…
Articles by Northern Miner Staff
Caledonia boosts stake in Spanish gold mine
Toronto-listed Caledonia Mining has bought an additional 15.2% interest in the Filon Sur gold mine in Spain for US$1.3 million. This raises to 98.4% the company’s ownership in the project. Since 1988,…
Mine yard scrap proves valuable
At the South mine of Inco near Sudbury, Ont., what began as scrap in the muck has evolved into big bucks in the backyard. Armed with only a suspicion and the co-operation of their fellow miners, suppl…
Zappa drills Ponce Enriquez in Ecuador
Drilling by Zappa Resources (VSE) has uncovered widespread, low-grade gold mineralization at the Ponce Enriquez project in southwestern Ecuador. Work to date has focussed on two gold zones, the Guadal…
Shareholder boosts stake in Nuinsco
Private Bahamian corporation Wincro has acquired an additional 600,000 shares of Nuinsco Resources (TSE) at 50 cents each. The purchase, from a group of Nuinsco shareholders, increases Wincro’s intere…
Band-Ore, partners drill property near Timmins
A new gold discovery has been reported by Band-Ore Resources (CDN) on its Thorne property, 10 km west of Timmins, Ont. The first drill hole intersected a 70-ft.-wide mineralized and altered zone which…
Study calls for for production at Nixon Fork
An updated feasibility study gives the thumbs-up to the Nixon Fork gold project in west-central Alaska. Consisting of a 60,000-oz.-per-year underground mine and a gravity-flotation mill, Nixon Fork is…
Summo sizes up Lisbon Valley
A feasibility study is under way on the Lisbon Valley copper project in southeastern Utah. Summo Minerals (VSE) has enlisted Salt Lake City-based Roberts & Schaefer to determine the economics of an op…
Virginia, Diabor active in Eastmain
Partners Virginia Gold Mines (ME) and Explorations Diabor (ME) have staked 92 claims in the Eastmain volcanic belt of northwestern Quebec. An area containing geochemical anomalies and gold showings ha…
Companies make deals near Lebel-sur-Quevillon
Several companies continue to make deals involving ground in the Lebel-sur-Quevillon camp of northwestern Quebec. Wiscan Resources (TSE) and Sharpe Energy & Resources (VSE) have jointly acquired 56 cl…
Bre-X forges ahead at Indonesian play
Results from recent drilling have prompted Bre-X Minerals (ASE) to persevere at its Busang gold project in East Kalimantan. A third phase of drilling, already under way, is aimed at delineating 5 mill…
EDITORIAL PAGE — A voice from the wilderness
Ontario is fortunate to have a vibrant prospecting community, one that has contributed significantly to many important discoveries in the province. And that is why political leaders should pull up a c…