Mining opportunities in Latin America featured
The mood was bullish at the third annual “Investing in the Americas” conference, which brings together the mining sectors of North, Central and South America. The 5-day show, staged at an ocean-side h…
Articles by Northern Miner Staff
Lac drops Chilean El Abra project
Lac Minerals (TSE) has opted to discontinue participation with Cyprus-Amax Minerals (NYSE) in development of the Chilean copper project known as El Abra. Based on technical work carried out by Cyprus …
Deak ups reserves as Cyprus drops option
An option agreement between Cyprus Canada and Deak Resources (TSE) concerning three zones — the Kerr Mill, “G” and South — near Virginiatown, Ont., has been terminated. Deak and its subsidiaries wil…
NEWS ROUNDUP — Echo Bay goes to U.S., Canadian markets
Toronto-listed Echo Bay Mines has filed a shelf registration that will allow it to sell up to $US200 million in debt and equity securities from time to time. In Canada, the company is filing one shelf…
Aurex works Pascualas copper play in Chile
Drilling is set to begin on the Chilean project known as Las Pascualas, in which Aurex Resources (VSE) can acquire a 90% interest by paying US$2.1 million over seven years. A 3,500-metre surface and u…
IPC assay results pending from TSE
The Toronto Stock Exchange is still awaiting fire assay results from samples taken on International Platinum’s (IPC) ground in Arizona. The samples were taken to laboratories in Canada in an attempt t…
Caribgold drilling Cuban project
Drilling has begun on Caribgold Resources’ (TSE) Descanso-Melonera gold project near the city of Santa Clara in west-central Cuba. Previous work by Cuban geologists outlined a high-grade gold vein sys…
EDITORIAL PAGE — Babbitt vs. Barrick
In each of the years between 1980 and 1992, the U.S. Department of the Interior had issued, after proper review, between 28 and 94 mineral patents. Strangely, early in March of last year, the flow of …
LAST BUT NOT LEAST — Fairfield chalks up earnings
Sales of about 13,000 oz. gold in 1993 netted Fairfield Minerals (TSE) an after-tax income of $1.59 million or about 24 cents per share. The production came from bulk sampling programs at the company’…
Record price for Nymex seat (April 18, 1994)
A seat on the New York Mercantile Exchange (Nymex) has sold for a record US$425,000. The previous high of US$400,000 was set in December. The commodity exchange, a major dealer in oil futures and opti…
Damoti Lake results mixed
Drilling results from the high-grade Bif Island area of the Damoti Lake property north of Yellowknife, N.W.T., indicate the northerly extension of the zone may be limited. Partners Athabaska Gold (TSE…
NEWS IN BRIEF (April 18, 1994)
Mineral Park Mining (MPK:VSE) has changed its name to IMP Industrial Mineral Park Mining (IME:VSE) on a 1-new-for-4.5-old-share basis. The transfer agent is Pacific Corporate Trust Co.