Metal prices boost index (November 14, 1994)
A surge in the metal and mineral sub-index in September helped to push the Bank of Nova Scotia’s commodity price index higher. The all-items index rose 0.6% in September from August; it sits 10.4% hig…
Articles by Northern Miner Staff
Northgate owns Chilean mine
TSE-listed Northgate Exploration has assumed complete ownership of the Choquelimpie gold property in northern Chile. It increased its interest to 100% from 35% by acquiring the interests of its joint-…
Government funds for Satterly lab
A geological laboratory at the Royal Ontario Museum in Toronto will receive $160,000 from the provincial government to continue its research in the age-dating of rocks and minerals. The Jack Satterly …
Noranda to drill Aurizon prospect
In Quebec’s Louvicourt Twp., Noranda Exploration will drill-test a base metal prospect belonging to Aurizon Mines (TSE). The 900-metre program is part of a program which will see Noranda spend $2.4 mi…
Teck purchases Powderhorn play
A wholly owned subsidiary of Teck (TSE) has acquired the Powderhorn titanium project near Gunnison, Colo. With its estimated reserve of 450 million tonnes grading 11.5% titanium dioxide, the Powderhor…
NEWS ROUNDUP — Treminco selling Sandon assets
A recent agreement sets the stage for Treminco Resources (TSE) to sell its Silvana silver-lead-zinc mine and mill in Sandon, B.C. The property consists of 100 crown grants, mineral claims, and a 125-t…
Producer Prices (November 14, 1994)
ALUMINUM: MW U.S. market US85.5 cents-87.5 per lb. (Oct. 27, 1994). ANTIMONY: MW New York dealer US$2.80-2.90 per lb. (Sept. 29, 1994). BISMUTH: MW New York dealer US$3.90-4.20 per lb. (Oct. 27, 1994)…
Amarado to buy African company
A recent agreement sets the stage for Amarado Resources (VSE) to acquire a private South African company whose assets include diamond exploration projects in Botswana and South Africa. The private com…
USMX drills Alaskan property
At the Illinois Creek property in Alaska’s interior, drilling by USMX (TSE) has confirmed the presence of the gold-silver resource previously calculated. The property, situated within 62,480 acres of …
Golden Star subsidiary acquires French Guiana gold company
A subsidiary of Golden Star Resources (TSE) is set to acquire all the outstanding shares of a French company based in French Guiana. Guyanor Ressources S.A. will pay US$4.1 million — and assume US$1….
GeoNova confirms gold zone in Quebec
At GeoNova Explorations’ (ME) Gander project in northwestern Quebec, stripping and channel sampling have confirmed the presence of two new gold zones. The first zone was the site of a discovery made e…
Cominco unveils Yukon discovery
Details of a much-talked-about polymetallic discovery in southeastern Yukon are now available. Cominco (TSE), owner of the property, estimates the project’s inferred resource at 13 million tonnes grad…