Sunshine to open Peruvian office
Idaho-based Sunshine Mining (NYSE) will open an exploration office in Lima, Peru. The company has commissioned a study of Peruvian mine concentrates to determine their compatibility with Sunshine’s hy…
Articles by Northern Miner Staff
McChip buys back 5% of issued shares
Junior McChip Resources (TSE) will make a normal course issuer bid. The bid will allow McChip to make purchases not to exceed 250,954 common shares, representing 5% of the outstanding common shares in…
Shiningtree acquires Beardmore area play
Alberta-listed Shiningtree Resources has acquired nine claims in Irwin Twp., near Beardmore, Ont., where previous work uncovered several gold-bearing veins. (Toronto-listed Metalore Mines is exploring…
LAST BUT NOT LEAST — Applied Carbon closes plant
Graphite producer Applied Carbon Technology (VSE) is closing its mine and mill near Kearney, Ont. President W.C. Esterly cited financing difficulties and soft graphite prices as the prime reasons, add…
LAST BUT NOT LEAST — Lac options Matheson area play
Lac North America, a unit of Lac Minerals (TSE), has optioned a 179-claim property southwest of Matheson, Ont., from Glen Auden Resources (TSE). Lac can earn a 60% interest in the Timmins and Michie T…
LAST BUT NOT LEAST — Regal acquires Kirkland Lake property
CDN-listed Regal Goldfields has acquired 14 mining claims near Kirkland Lake, Ont. In return, it must pay $15,000 cash immediately, spend $25,000 on exploration within one year, deliver 6,000 shares o…
Maude reacquires interest in properties
Junior Maude Lake Gold Mines (CDN) is acquiring a 20% interest in properties near Matheson, Ont., previously optioned by Maude to Hecla Mining (NYSE) and Technigen. In return, Maude will issue more th…
Musto drilling
Australian base metal miner MIM and its partner International Musto Explorations (TSE) report that 8,000 metres of core drilling has begun on their Bajo de la Alumbrera porphyry gold-copper deposit in…
Surprise takeover bid is winning converts — Royal Oak offers
In a classic case of David taking on Goliath, middle-tier gold producer Royal Oak Mines (TSE) has launched an aggressive takeover bid for senior gold miner Lac Minerals (TSE). A successful takeover wo…
Diamond studies confirm potential at Lac de Gras
Shareholders of Dia Met Minerals (TSE) have been told that the latest bulk-sampling programs, involving several kimberlites, are providing encouraging results which may lead to development of Canada’s…
WWF calls halt to diamond hunt
Concerned about the environmental consequences of mining in the central Arctic, World Wildlife Fund Canada (WWF) has called for a halt to diamond exploration and mine development in the Northwest Terr…
Smith, Willson featured speakers
The presidents of two large international gold producers will speak at the 1994 Canadian Mining Symposium scheduled for Sept. 22 and 23 in Toronto. American Barrick Resources’ Robert Smith will speak …