NEWS ROUNDUP — Tiomin raises $3.2 million
Toronto-based Tiomin Resources (ME) has completed negotiations to raise at least $3.2 million through a private placement of special warrants to institutional investors. The special warrants will enti…
Articles by Northern Miner Staff
Temporary shutdown at Sa Dena Hes mine
In order to further decrease its inventory of lead-zinc concentrates, Curragh (TSE) plans to close its Sa Dena Hes mine in the Yukon from Dec. 2 until Jan. 6, 1993. The Sa Dena Hes mine produces 12,00…
Louvicourt development continues
Development work at the Louvicourt base metal deposit near Val d’Or, Que., is right on schedule, says Aur Resources (TSE) Executive Vice-President Howard Stockford. Cost of the work program for the Lo…
GUEST COLUMN — China needs expertise for gold hunt
On our return trip to Beijing, we stopped in the city of Lanzhou on the banks of the Yellow River to meet with the top brass of the Ganzhou Provincial Gold Corp. We learned that Ganzhou province curre…
Flow-through’s contribution positive, says PDAC
Is flow-through funding the magic formula that led to the discovery of billion of dollars worth of ore or another government scheme plundered for the benefit of the few? Once again the pros and cons a…
Royalty in works for Nufort project
Similco Mines, a subsidiary of Princeton Mining (TSE), has informed Nufort Resources (TSE) that it intends to begin mining operations on a small portion of Nufort’s Copper Mountain property in souther…
Teck options Montgay prospect
A formal agreement to earn a 51% interest in the 38-claim Montgay property about 55 km northeast of Val d’Or, Que., has been signed by Teck (TSE) with Ressources William (ME). Teck may earn its intere…
NEWS ROUNDUP — Hemlo forgives Windarra loan
Toronto-based Hemlo Gold Mines (TSE) has agreed to forgive most of a $8.9-million loan made to Windarra Minerals (TSE) in 1988. The junior will repay Hemlo $1 million. Windarra used the loan to financ…
NEWS ROUNDUP — Bruneau reactivation proposed
Shareholders of Bruneau Mining (ME) will be asked to approve a new reactivation plan for the company at a joint annual and special meeting on Dec. 30. Under the plan, Canamax Resources (TSE) and its s…
NEWS ROUNDUP — Cancelled dividend hurts Redstone
Cancellation of a previously declared dividend by Falconbridge Dominica C. por A. (Falcondo), a subsidiary of Falconbridge, has resulted in decreased net earnings for Redstone Resources (TSE). Redston…
LETTERS TO THE EDITOR — CIDA grant for Namibia project
I am completely puzzled after reading in your newspaper that the Canadian International Development Agency (CIDA) has approved a $485,000 grant to Canadian Overseas Exploration to finance a feasibilit…
Dia Met estimates diamond `resource’
A report accompanying an application by Dia Met Minerals (TSE) for listing on The Toronto Stock Exchange reveals that an estimated 80 million tons grading 63 carats per 100 tons have been outlined wit…