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…
Articles by Northern Miner Staff
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…
LAST BUT NOT LEAST….Agnico planning notes offering
A preliminary prospectus regarding a proposed public offering of convertible notes due in 2004 has been filed in Canada and the U.S. by gold producer Agnico-Eagle Mines (TSE). The company says the not…
LAST BUT NOT LEAST….Nahanni joins with Prospero
Junior Nahanni Mines (TSE) will combine with Prospero Canadian Land Investment Fund to form a new company, RG Properties. The merger calls for a consolidation of one RG share for 12.5 Nahanni shares. …
LAST BUT NOT LEAST….Shoreham samples golden
Rock and soil sampling on the Randsburg property of Shoreham Resources (VSE) has returned widespread gold values. The 15-acre property is next to the Baltic Pit mine of Glamis Gold, near Randsburg, Ca…
LAST BUT NOT LEAST….Bitterroot testing garnet prospect
A total of 220 holes of a planned 300-hole definition program has been completed on an alluvial almandine garnet project in Mohave Cty., Ariz. Bitterroot Resources (VSE) says preliminary results confi…
NEWS ROUNDUP — Hughes Lang Group merger
Three of four junior companies within the Hughes Lang Group have agreed to amalgamate and form a new company, CanGold Resources. Shareholders met Dec. 29 to vote on a proposal to amalgamate Hughes Lan…