The World’s Heavyweight Gold Producers
A successful takeover of Lac Minerals by American Barrick would vault Barrick to third spot in world gold producers. A Royal Oak takeover means Barrick would be eighth in line, one spot back of a Roya…
Articles by Northern Miner Staff
THE DIAMOND PAGE — DHK merger back on track as three juniors
The three junior companies that jointly own DHK Resources have agreed to begin negotiations for a merger. The wheels were set in motion by way of a letter-of-intent agreement signed by Horseshoe Gold …
Cache, MSV set to acquire Inner Block
Partners Cache Explorations (ME) and MSV Resources (TSE) can acquire the Inner Block property, currently owned 70% by Corner Bay Minerals (TSE) and 30% by Quebec Crown corporation Societe Quebecoise d…
LAST BUT NOT LEAST — Nora, Fairstar buy Ghana gold play
Two Montreal-listed juniors — Fairstar Explorations and Nora Exploration — are acquiring a gold concession in Ghana, West Africa. The 150-sq.-km Benso prospect is on the eastern side of the Ashanti …
PEOPLE — AREQUIPA
Chet Idziszek appointed president and chief executive officer.
Cambiex offering to raise $10 million
Montreal-listed Cambiex has filed a final prospectus for a public offering of 12.5 million units at 80 cents each. A unit consists of one common share and one half common share purchase warrant. Each …
Further Meliadine drilling planned
A second phase of drilling on the Meliadine project near Rankin Inlet, N.W.T., is expected to get under way shortly. Partners Comaplex Minerals (TSE) and Cumberland Resources (VSE) recently completed …
Skip slips at Inco mine
An ore-hoisting device known as a skip has plummeted to the bottom of the main T-1 mine shaft in Thompson, Man. No one was injured, according to a report by Inco (TSE), as the incident occurred July 1…
Waddy awaiting sample results
Results of Waddy Lake Resources’ (TSE) evaluation of its Komis deposit at La Ronge, Sask., should be available by the end of July, as sample concentrate undergoes the last phase of testing. The $5.6-m…
THE LATIN BEAT — Peruvian Gold expands ground
Encouraging preliminary results from exploration of the Mont Dor leases in southern Peru have prompted Peruvian Gold to apply for a further 13,000 hectares in the area. The company’s current lease are…
THE LATIN BEAT — TVX options Brazilian gold play
TVX Gold (TSE) can acquire the Natividade gold property 550 km north of Brasilia, the capital of Brazil. The property comprises 230,000 hectares and hosts numerous gold occurrences that have been work…
Rea Gold to spend $3m to revive Bissett gold mine
Rea Gold (TSE) will spend $3 million in an effort to add 1 million tons of reserves to the existing 1.5-million-ton mineral inventory at the Bissett gold mine project in Manitoba. Between 1932 and 196…