Private placement to fund drilling
Junior Conquest Yellowknife Resources has completed a private placement of flow-through and common shares. Proceeds of $104,000 will finance follow-up drilling on a recently acquired, 32-claim propert…
Articles by Northern Miner Staff
Formosa closes Oregon mine
The Silver Butte mine, near Riddle, Ore., is being closed permanently because of environmental concerns and low copper and zinc prices. Formosa Resources (VSE) is carrying on discussions with state au…
New SAG mill for Applied Carbon
Producer Applied Carbon Technology (VSE), formerly Cal Graphite, is commissioning a semi-autogenous grinding (SAG) mill at its graphite operation in Kearney, Ont. Part of a $4-million capital improvem…
Oasis completes offering of units
A $600,000 private placement has attracted 40 subscribers, Consolidated Oasis Resources (ME) reports. The offering consisted of 600 units at $1,000 each; the units are composed of 2,125 flow-through s…
La Colorada up and running
The heapleach sprinklers have been turned on at La Colorada, a gold mine near Hermosillo, Mexico. Eldorado (TSE) is earning a 70% interest from Minera Sotula S.A. de C.V. by placing the project in pro…
Dakoro venture producing gold from Bolivian placers
The Dakoro joint venture is now producing gold from one of its six properties in Bolivia. Dakota Resources (ASE) owns a half interest in the venture through wholly owned subsidiary SGS Resources. Prod…
NEWS IN BRIEF (January 03, 1994)
Lansco Resource (LNS:VSE) has changed its name to Bomax Resource (BXS:VSE) on a 1-new-for-10-old-share basis.
1993 A LOOK BACK — New mine production comes on-stream in
Several mines were either placed in production or reopened in 1993 by Canadian companies, both at home and abroad. Gold was the metal of choice and Ontario and Quebec experienced the most activity. Th…
Equinox merger
The directors of Hecla Mining (NYSE) have approved a merger with Equinox Resources (TSE). Each company has satisfactorily completed its due diligence review, though the proposal is still subject to ex…
NEWS ROUNDUP — Altai studies Tassawini project
Junior Altai Resources (TSE) will complete a final feasibility study of the Tassawini gold project in Guyana. The property is a 50-50 joint venture with Menora Resources (ME). Altai is the operator. A…
Brimstone reserve skyrockets
Additional drilling this year on the Brimstone deposit at the Crofoot-Lewis heap-leach mine in Nevada has boosted the resource estimate by more than 60%. Owner Hycroft Resources & Development (VSE), a…
NEWS ROUNDUP — Infill drilling at New World
Infill drilling by Crown Butte Resources (TSE) has added 28,000 oz. gold to underground geological reserves at the New World project in Montana. The summer program, consisting of 16 surface holes tota…