TVX Gold options Pachicutza project in Ecuador
Producer TVX Gold (TSE) is set to acquire an Ecuadoran gold property from La Direccion de Industrias del Ejercito (DINE), a state-owned company which participates in the private sector. The Pachicutza…
Articles by Northern Miner Staff
Noranda in Bourlamaque option
Noranda Exploration, a unit of Noranda (TSE), can earn a half interest in the southern portion of Wrightbar Mines’ (ME) Bourlamaque property, near Val d’Or, Que. The rocks underlying this portion of t…
NEWS ROUNDUP — Higher recovery at Gilt Edge mine
A bulk heap-leach test of sulphide ores from the Gilt Edge deposit in South Dakota indicates a recovery rate higher than previously thought. The property is owned by Dakota Mining (TSE). In October, 1…
NEWS ROUNDUP — NovaGold offers process to partner
Angostura Mining C.A. of Venezuela and NovaVenez, a subsidiary of NovaGold Resources (TSE), are forming a joint-venture company. The company will research ore processing for a plant to be constructed …
THE DIAMOND PAGE — Lac de Gras update
At a recent conference Rory Moore, manager of BHP Canada’s diamond program, provided an overview on the origin and emplacement of diamonds, as well as details of the company’s joint venture with Dia M…
Overseas Quotes (December 20, 1993)
Bid Ask SOUTH AFRICA (US$) Anglo Amer S.A. 43.88 44.25 Cons Modderfontein 0.18 0.26 Debeers Cons 23.75 24.00 Driefontein Cons 12.62 12.88 Freestate 16.25 16.50 Kloof Gold Mining 11.25 11.38 Rustenburg…
Findore options three properties
Findore Minerals (CDN) has acquired three properties in the Shining Tree area of northeastern Ontario. To earn its 100% intereset, the junior must issue 100,000 common shares within 18 months and pay …
Granduc to acquire Farley Lake interest
Toronto-listed Granduc Mining has acquired Golden Band Resources’ (VSE) option to acquire Mingold Resources’ 44.8% interest in the Farley Lake joint venture. Purchase price: $500,000 payable in Grandu…
Nickel at 5%, platinum at 11 grams — Falconbridge hits deep
Details are sketchy, but Falconbridge has confirmed reports of an exceptionally rich intersection at its Nickel Rim property, 10.5 km north of the Ontario town which serves as the company’s namesake. …
Canada likely to be world’s next diamond producer
There will be at least one new diamond mine in the Northwest Territories within the next five years. That was the prediction offered at a conference on exploration for diamonds, held recently at Queen…
Mountain Minerals opens zeolite mine
Producers of industrial minerals have a tough row to hoe. Besides exploring for deposits, many are forced to search out new markets for their products. Privately owned Mountain Minerals exemplifies th…
PEOPLE — GREGOR GOLDFIELDS (December 20, 1993)
Andy Boudreau, Robert Platt, Peter Stewart, John Wiebe, and Doug Wood elected directors.