Correction (September 05, 1994)
Junior Altai Resources (TSE) is earning a 60% interest in Peru’s La Brena copper-gold property, where mineralization with a surface expression of 1,500 by 300 metres has been exposed. An earlier descr…
Articles by Northern Miner Staff
Sudbury Contact strikes more gold at Victoria Creek
Toronto-listed Sudbury Contact has intersected additional gold mineralization at the Victoria Creek project in northeastern Ontario. Hole 25 hit 0.35 oz. gold per ton over 19.5 ft. associated with a h…
Nugget Pond gets green light
Development is proceeding at the the Nugget Pond gold project near Baie Verte, Nfld. Noveder (ME) of Rouyn-Noranda, Que., which hopes to have the project ready for production in early 1995, has obtain…
Seawest options Glen Auden ground
Field crews of Seawest Resources (VSE) are exploring an 89-claim property in northeastern Ontario’s Moody Twp. Seawest can acquire a 60% interest from owner Glen Auden Resources (CDN). Previous drilli…
Glen Auden drills Casa Berardi play
Junior Glen Auden Resources (CDN) is planning a drill program on a 142-claim property near Casa Berardi, Que., optioned from Noranda (TSE) and Hemlo Gold Mines (TSE). A series of holes, spaced at 50-1…
Asarco bids for Russian gold mine
A joint-venture company 25%-owned by Asarco (NYSE), Kamgold, has won a bid to develop a gold mine 50 miles west of Milkova on the Kamchatka Peninsula in northeastern Russia. By mid-1995, the company e…
NEWS IN BRIEF (September 05, 1994)
Golden Rainbow Resources (GRW:VSE) has changed its name to First Silver Reserve (FSR:VSE) on a share-for-share basis.
River Gold reports encouraging results
Early results from drilling at the Eagle River gold property confirms that the No. 8 zone consists of a series of closely spaced, high-grade, plunging lenses and that No. 6 is a continuous, high-grade…
Development under way at Nixon Fork
Exploration and development are in full swing at Consolidated Nevada Goldfields’ (TSE) Nixon Fork project in west-central Alaska. The company has completed about 1,800 ft. of advances on two declines …
Pan American acquiring silver project in Mexico
An agreement to acquire the Pedernalillo tailings project in Zacatecas, Mexico, gives Pan American Minerals (TSE) another potential silver producer. The purchase price was not released, although Presi…
Commodity index in seasonal decline
Commodity prices drifted seasonally lower in early summer and helped to pull down the Bank of Nova Scotia’s commodity price index by 2% in July. Gains in the metal-and-mineral and oil-and-gas sub-inde…
Viceroy reviewing ground in Argentine provinces
TSE-listed Viceroy Resource has sent its exploration team to Argentina to review prospective gold properties in five provinces covering more than 220,000 hectares. The move is in keeping with the comp…