Fort Knox acquires Chibougamau properties
Two base metal properties north of Chibougamau, Que., have been acquired by Fort Knox Gold Resources (TSE). The De Maures and Regnault properties are within the Frotet-Evans greenstone belt which is a…
Articles by Northern Miner Staff
Damoti Lake results prove deflating for venture partners
Results from the first seven holes of winter drilling at the Damoti Lake joint venture in the Northwest Territories fell short of expectations for the three owners. Partners Athabaska Gold Resources (…
Trader eyes industrial minerals
By April, Trader Resource (TSE) expects to have acquired Mountain Minerals, a diversified producer and marketer of industrial minerals. The $8-million transaction is still subject to financing, more d…
TVX issues 23m new shares
A group of Canadian underwriters has bought 23 million new shares of TVX Gold (TSE) at $8.75 each. The sale will net TVX $201.2 million before commissions. The group — led by Burns Fry and including …
Stade Exploration closes financing
Stade Exploration (ASE) has completed a private placement of 815,002 units at 75 cents each. Each unit consists of one Class A share (issued on a flow-through basis), one special warrant to acquire an…
Spirit, Chesbar trenching hits gold
Spirit Lake Explorations (ME) and Chesbar Resources (TSE) have announced a spectacular intersection from a trench on La Salle concession in the Anacoco area of eastern Venezuela. Results from the firs…
Bre-X releases Indonesian drill results
Significant assay results have been returned from two holes on Bre-X Minerals’ (ASE) Busang gold prospect in East Kalimantan, an Indonesian province on the island of Borneo. During the recent program,…
Exall warrants exercised by holders
Shareholders of Exall Resources (TSE) have exercised warrants to buy 979,846 shares for proceeds of $736,362. The warrants were part of a 1992 Offering Memorandum which initially provided financing fo…
LAST BUT NOT LEAST….Gregor drills Hemlo property
Near-surface gold values were intersected by Gregor Goldfields (CDN) from two holes drilled on its property in Ontario’s Hemlo camp. The two holes were drilled to test a new mineralized structure asso…
Sudbury Contact
Sudbury Contact Mines (TSE) and Agnico-Eagle Mines (TSE) have reached a flow-through private placement agreement. By issuing 533,333 shares, Sudbury Contact will receive aggregate proceeds of $2 milli…
Carson boosts Kilometre 88 ground
In return for cash, shares and reserve payments, Carson Gold (VSE) can acquire the Lote Delta and Nueva Alaska gold concessions in the Kilometre 88 region of Venezuela. The 5,000-acre Lote Delta groun…
NEWS ROUNDUP — Aquamin lands Peruvian ground
In the coastal gold belt of Peru, Aquamin Resources (VSE) is set to increase its holdings to more than 25,000 hectares. The Peruvian government is expected to approve recent applications for 16 claims…