NEWS ROUNDUP — Altai adds to Peruvian holdings
Toronto-based Altai Resources (TSE) has acquired two more gold properties in western Peru. The Rio Colorado covers 2,000 acres in Ferrenate province, north of Chimbote City. Selected grab samples retu…
Articles by Northern Miner Staff
NEWS ROUNDUP — Glamis options Mexican gold
A wholly owned Mexican subsidiary of Glamis Gold (TSE) is acquiring the property known as El Rosario, in Chihuahua state. An initial payment of US$60,000 has been submitted, with a signed letter of in…
International Gold Fund formed
A new venture capital fund has been formed for the purpose of acquiring direct equity and equity-related investments in gold mining companies or foreign gold projects. Investments of the latter type w…
Florida conference to focus on Latin American activity
The third annual “Investing in Americas” conference is scheduled for April 11-15 at Bal Harbour, Fla. The conference, which highlights the mining investment potential of various Latin American countri…
COMMENTARY — Namibia attracting Canadians
As more and more Canadian mining companies move offshore, one country sure to gain prominence in the next few years is Namibia. Hidden in the shadow of South Africa for 75 years, Namibia is now being …
Rea Gold making production plans for Mt. Hamilton
Although a detailed evaluation remains to be done, Rea Gold (TSE) is confident that grades and thicknesses on the N.E. Seligman deposit have been confirmed by drilling. The deposit is part of the Mt. …
Research firms joining forces
Two research companies on opposite sides of the Atlantic have joined forces. Resource Strategies of Pennsylvania and Metals & Minerals Research Services of the United Kingdom entered a production and …
Globe-trotting Cominco Res. spending $18 million
Vancouver-based Cominco Resources International (TSE) set out to explore and acquire mineral projects in geologically prospective terranes around the world. This year, it plans to drill at least 35 fo…
Activity increasing in Stewart camp
The historic mining district of Stewart in northwestern British Columbia appears poised for another gold boom. Several juniors have been active in the region since Lac Minerals (TSE) announced positiv…
Western Quebec completes funding
Financing has been arranged for the purchase of the Eagle River gold project near Wawa, Ont. Western Quebec Mines (TSE), which is acquiring the project from Hemlo Gold Mines (TSE), completed a private…
Glacial study for Sagar project
A study of the quaternary geology of the Sagar-III property, in Quebec’s Labrador Trough area, has met with encouragement. Mineralized boulders previously discovered on the property, owned by Virginia…
Youth group backs mining
Four university students in British Columbia have formed a youth group to promote mining in the province. Law student Lisa Skakun, a founding member of the B.C. Mine Society, said the goal is to creat…