Pan American, Equinox to swap
A proposed asset swap will give Pan American Minerals (TSE) a 60% interest in the Van Stone zinc-lead mine in Washington state, and Equinox Resources a 100% interest in the J&L gold property in Britis…
Articles by Northern Miner Staff
Canmine hits sulphide zone at Fer
A new zone of copper-zinc sulphide mineralization has been located on Canmine Resources’ (CDN) Fer property in northern Manitoba. The first hole into this zone returned a true width of 3.65 metres gra…
Reserves updated at Beta Vargas play
As part of a prefeasibility study, Lyon Lake Mines (ME) has recalculated reserves at the Beta Vargas property in Costa Rica. Three styles of mineralization have been outlined within a 450×150-metre ar…
Dayton gets bank loan for Chilean play
An underwriting commitment from Barclays Bank and Banque Paribas will help Dayton Mining (TSE) bring its Chilean gold project to production. The two banks agreed to lend the company US$50 million, sub…
Monarch Res. files prospectus
London-listed Monarch Resources has filed a preliminary prospectus for shares valued at $US30 million. About US$20 million will be offered to Canadians and the remainder will be offered to existing sh…
LATIN AMERICAN SPECIAL — Mining potential of Ecuador tested
Active in Ecuador since 1985, Ag Armeno Mines & Resources (VSE) is one of several companies keen on the country’s mining potential. Vancouver-based Armeno has interests in a number of projects, includ…
Aurex expanding Chile operations
The expansion of Cobrex’s copper-gold-silver project in Chile is well under way and Aurex Resources (VSE) expects to be operating at 650 tonnes per day by July. Aurex acquired a 70% interest in Cobrex…
Vauquelin increases stake in Ghanaian property
Montreal-listed Vauquelin Mines (ME) can earn an additional 27.5% interest in the 20-sq.-mile Toleku Bokaso gold property in Ghana. The company now has the option to earn a total undivided interest of…
Boleo drilling intersects copper-cobalt zone
Drilling on the Boleo copper-cobalt deposit in Baja California Sur, Mexico, has returned encouraging values from the Saturno open-pit target. Coeur d’Alene Mines (NYSE) is earning a half interest from…
OPAP discovery
A recent base metal discovery northeast of Thunder Bay is being credited to the Ontario Prospectors Assistance Program (OPAP). According to Bernard Schnieders, the government’s resident geologist for …
Manhattan adds to Mexican portfolio
Toronto-listed Manhattan Minerals has staked an 11-sq.-km gold property in Chihuahua state, Mexico. The land package comprises several large breccia zones hosted in andesite volcanics. One of the zone…
LATIN AMERICAN SPECIAL — Low-cost Escondida output
The cash cost of the expanding Escondida mine in Chile is in the mid-US40 cents per lb. range. Analysts for T. Hoare & Co. of London, in a recent report, estimate the above production cost for the pro…