Arauco starting with basics
Through grassroots exploration, mainly in Chile, Arauco Resources (VSE) hopes to find its way to producer status. The jointly owned company has been concentrating efforts in southern Chile on the prem…
Articles by Northern Miner Staff
Bema looks for improved year
With President Clive Johnson likening his company’s past fiscal year to the recent misfortunes experienced by Britain’s royal family, Bema Gold (TSE) is looking ahead to better times. Faced with extre…
LAST BUT NOT LEAST — Amax suspends Hayden mill
Persistently low head grades at the Hayden Hill mine have prompted Amax Gold (NYSE) to suspend milling temporarily. The mine, near Susanville, Calif., started up in the third quarter of 1992 and has s…
Placer updating Zaldivar study
An updated feasibility study for development of Placer Dome’s (TSE) 50%-owned Zaldivar copper property is to be completed by early July. Situated in the Atacama desert of northern Chile, Zaldivar is e…
Canada’s top gold mines pass peak
For the first time in years, annual production from Canada’s largest gold mines has declined rather than increased. Mainly as a result of lower grades at the big Hemlo mines in Ontario, cumulative pro…
Altai seeking new prospects
With more than $5 million in working capital, Altai Resources (TSE) is looking to expand its gold property holdings in South America, shareholders learned at the annual meeting. The Toronto-based juni…
NEWS ROUNDUP — Cominco options western lead-zinc
Base metal miner Cominco (TSE) has optioned the Swan and Rap lead-zinc properties in the Omineca region of northeastern British Columbia from Stratabound Minerals (ASE). Cominco can earn an initial 51…
Exroy granted full title to Ungava claims
After several lengthy appeals, the Supreme Court of Canada has finally granted Exroy Resources (CDN) full title to 43 claims in the Ungava nickel-copper belt in northern Quebec. The decision enables t…
Tanqueray options B.C. perlite mine
Calgary-based junior Tanqueray Resources (ASE) has acquired an option to buy the Frenier perlite mine in central British Columbia. The mine, near Clinton, has proven reserves of more than 450,000 tonn…
LAST BUT NOT LEAST — Noranda converts preferred shares
Toronto-listed Noranda has converted 16.3 million Series C preferred shares (92% of the total series) into common shares. Each convertible preferred share is equivalent to 1.15 common shares. As a res…
Tyranex tries again at Tyranite mine
A pair of juniors have joined forces to develop and mine the Tyranite orebody at Gowganda, Ont. Under a 50-50 joint venture, Mill City Gold Mining (ASE) and Tyranex Gold (CDN) plan to drive further no…
Platinova makes find in virgin territory
Geological detective work has led Platinova A/S (TSE) to a large zone of zinc-rich massive sulphides in previously unexplored terrain on the northeast coast of Greenland. By following favorable strati…