Rio Algom buying Alcan division
Copper producer Rio Algom (TSE) is acquiring Alcan Aluminum’s Metals Goods distribution business. Metals Goods operates a network of 39 facilities throughout the U.S. which sells and distributes stain…
Articles by Northern Miner Staff
Minorca eyeing Espalau assets
Junior Minorca Resources (ME) intends to acquire a half interest in the dormant Bachelor Lake gold mine from Espalau Mining (ME). The company would do so by funding $4.5 million of exploration and dev…
Adrian uncovers new gold zone
At the Petaquilla property in Panama, stepout drilling has confirmed an additional near-surface gold zone for Adrian Resources (TSE). Associated with the Molejon deposit, the new zone is estimated to …
Newmont building mine in Indonesia
Construction is under way at the Minahasa gold project on the northern Indonesian island of Sulawesi. Newmont Gold (NYSE), which owns 80% of the venture, expects to begin production in early 1996 at a…
Eight new members enter Mining Hall of Fame
Eight members of Canada’s mining industry were inducted into the Canadian Mining Hall of Fame at a gala dinner and awards ceremony held recently in Toronto. The Hall now boasts a total membership of 6…
Mispec financing
Nova Scotia-based Mispec Resources (ME) has completed a private placement of 1.5 million units priced at 25 cents each. Maximum proceeds of $375,000 will be used to finance winter drilling on the Cape…
PEOPLE — NORTH AMERICAN METALS (January 16, 1995)
Thomas Kelly appointed president and chief operating officer.
Marshall hits gold west of Timmins
Recently noted for its exploration efforts in Ivory Coast, Marshall Minerals (TSE) has intersected gold on its 251-claim Sangold property near Timmins, Ont. The junior carried out a 15-hole program to…
Conference to focus on African mining
The Institution of Mining and Metallurgy (IMM) of London is organizing African Mining ’95 for Windhoek, Namibia, on June 7-9. The conference will deal with exploration, exploitation, treatment and fin…
Canmine drilling FER project
A 13,500-metre drill program has begun on Canmine Resources’ (ASE) FER base metal project near Flin Flon, Man. The program will test the Island zone, which is interpreted to consist of massive sulphid…
More gold found at La Colorada
Development drilling on the Mexican operation known as La Colorada is continuing to intercept thick zones of oxide gold mineralization. Eldorado (TSE) is carrying out 100,000 ft. of reverse-circulatio…
Peruvian expands ground position
If applications for an additional 21 mining claims in Peru are accepted, Peruvian Gold (VSE) will increase its land holdings in the country substantially. The junior would see its holdings expanded by…