Tacaza drilling returns copper
Kookaburra Resources (TSE) is encouraged by initial results from drilling on the Tacaza copper project in southeastern Peru. The company received results from the first five holes of a 175-hole revers…
Articles by Northern Miner Staff
PRODUCER PRICES (July 18, 1994)
ALUMINUM: MW U.S. market US69.5-70.5 cents per lb. (June 23, 1994). ANTIMONY: MW New York dealer US$1.90-2.25 per lb. (June 30, 1994). BISMUTH: MW New York dealer US$2.35-2.65 per lb. (Sept. 23, 1993)…
STOCK MARKETS — TSE continues to gain some ground
With Parliament in summer recess and worries about Quebec on hold for the time being, the TSE continued its mid-summer rally this past week. On July 12, the 300 index jumped 27.78 points to close the …
Central Crude plans drill work
The new owner of Central Crude (TSE) plans to spend about $500,000 on a definition and exploration drilling program at its Eagle River gold property near Wawa, Ont. At the annual meeting, President Co…
Gold Fund invests in Greenstone
The Emerging Market Gold Fund (EMGF) intends to buy US$5 million worth of Greenstone Resources’ (TSE) convertible preferred shares and will be granted warrants to buy US$5 million of that company’s co…
BHP cuts sulphide mineralization near productive Matagami
Early indications suggest that BHP Minerals Canada has made a significant base metal discovery 35 km southwest of Matagami, Que. Three holes recently drilled by BHP on Southern Africa Minerals’ (ASE) …
Disbelief turns to support for Witte’s bold move
Stunned disbelief is probably the best way to describe the early reaction to Royal Oak Mines’ (TSE) hostile takeover bid for Lac Minerals (TSE). “Impossible,” said some Toronto-based mining analysts, …
B.C. opportunities attract Aquaterre
Three properties on British Columbia’s coast will be explored this season by Aquaterre Mineral Development, a junior soon to be trading on the Vancouver Stock Exchange. Aquaterre is headed by Thomas W…
Skyline drilling Aztec property
Drills are turning on the Aztec property in the northeastern Mexican state of Coahuila. International Skyline Gold (VSE), 70% owner, says the first hole of the planned 4,500-ft., 14-hole program confi…
Monarch pours first gold
At its annual meeting, Monarch Resources (TSE) revealed that it has already begun pouring gold at the Camorra mine in Venezuela’s El Dorado region. The mine, which has probable reserves of more than 4…
EDITORIAL PAGE — Shark!
Following last week’s surprise announcement that mid-tier gold producer Royal Oak Mines had launched a takeover bid for senior gold miner Lac Minerals, news reports likened Margaret Witte, the formida…
ODDS’N’SODS — Geco’s canoe-barge service
The Peterborough freight canoe served many purposes over the years and was a sturdy, adaptable craft used by mining operations throughout Canada. The Geco mine in Ontario was isolated in the early exp…