Cypress Amax OKs Refugio
A technical review of the Refugio gold project in Chile is in agreement with the conclusions of the previous feasibility study. The review was carried out by Cypress Amax Minerals (NYSE), the parent o…
Articles by Northern Miner Staff
Card Lake to make share consolidation
Junior Card Lake Resources (CDN) is set to consolidate its shares and change its name. If shareholders approve the move, 10 shares of the company will be exchanged for one share of Franc-Or Resources….
LATIN AMERICAN SPECIAL — Argentina touted as South America’s
With a new mining law and a geological setting similar to that which hosts most of the major copper and precious metal deposits in northern Chile, Argentina is being touted as South America’s “last mi…
Lac continues work at Red Mountain
The Red Mountain gold-silver project near Stewart, B.C., is the best prospect in Canada for Lac Minerals (TSE), according to Michael Bates of Lac North America. The project was the scene of considerab…
Minera gets prospectus receipt
The Ontario Securities Commission has issued a receipt for a final prospectus of 8 million special warrants of Minera Rayrock (TSE). Proceeds from the sale will be about $20 million, which Minera will…
Consolidated Nevada issue
Financing for the Nixon Fork gold project in west-central Alaska is close at hand. Consolidated Nevada Goldfields (NASDAQ) plans to offer a private placement of up to $25 million in convertible debent…
Roycefield drills antimony-gold bet
Drilling by Roycefield Resources (ASE) on the Central zone of the Beaver Brook antimony-gold prospect in central Newfoundland has delineated reserves of 134,000 tons averaging 5.76% antimony and minor…
Minefinders options five prospects
Toronto-listed Minefinders has optioned from Equinox Resources (TSE) a 51% interest in each of five gold properties in the western U.S. Four properties are in north-central Nevada and encompass 3,800 …
TVI issues special warrants
To finance exploration of its holdings in the Philippines, TVI Copper (ASE) will issue 3.75 million special warrants at 80 cents each for gross proceeds of $3 million. Yorkton Securities will act as t…
EDITORIAL PAGE — Down but not out
At times, it seems as if practically the whole of the Canadian exploration fraternity has packed its bags for Chile or Mexico or Peru or some other distant land. But in spite of the serious barriers e…
ODDS’N’SODS — Sandy’s Red Lake secret
Prospector Sandy McIntyre, who discovered and staked the McIntyre Porcupine mine in Timmins, Ont., in 1909, joined the Red Lake gold rush in 1926. He came with the McIntyre mine crew to work claims th…
Getty develops oxide copper
Leach tests on core from last year’s diamond drilling program on the Getty North property has returned positive results. The property, owned by Getty Copper (VSE) and situated in the Highland Valley o…