NEWS ROUNDUP — Euro-Nevada repays loan
A $9.5-million loan has been repaid to Prime Resources Group (VSE) by Euro-Nevada Mining (TSE). The loan was exchanged for $9.1 million par value 8% second preferred shares of International Corona, no…
Articles by Northern Miner Staff
NEWS ROUNDUP — Regal revises Black Twp. agreement
An agreement has been amended between Regal Goldfields (CDN) and two private parties over a 30-claim gold property in Black Twp., Ont. Regal will now acquire 100% interest in the property, subject to …
NEWS ROUNDUP — Founder sampling Jellicoe property
A surface sampling program is under way on Founder Resources’ (VSE) 100% owned Blackwater gold property near Jellicoe, Ont. A 2,000-ft.-long mineralized zone will be tested with 70-100 short plugger d…
First hole hits at Petaquilla
The first hole drilled by Adrian Resources (VSE) at the Petaquilla project in Panama returned a 968.2-ft. interval grading 0.71% copper, plus minor gold, silver and molybdenum values. It was a good st…
NEWS ROUNDUP — Chilean court lifts Mahogany injunction
A recent injunction preventing International Mahogany (TSE) from shipping copper precipitates has been lifted by a Chilean court. The injunction resulted from a dispute between the company and its min…
Monopros spurs diamond play in Saskatchewan
Cash-rich diamond explorer Monopros confirmed recently that it will earn a one-third interest in the Fort a la Corne project of Cameco (TSE) and Uranerz Exploration and Mining near Prince Albert, Sask…
Metall, Minnova increase `confidence level’ for Izok
A recently completed drill program at the Izok Lake base metal property 360 km north of Yellowknife, N.W.T., has increased reserves and boosted confidence levels. Partners Metall Mining (TSE) and Minn…
NEWS ROUNDUP — Zinc showings at Leeds project
Summer exploration work at the Leeds property near Thetford Mines, Que., delimited a quasi-continuous outcrop zone of dolomite marble that extends for more than one kilometre, Noranda Exploration and …
BOOKS IN REVIEW — Guide to mining
SME Mining Engineering Handbook, 2nd Edition. Published by Society for Mining, Metallurgy, and Exploration. P.O. Box 625002, Littleton, Colo. 80162-5002. 2342 pages. US$128.50 (list price) US$97.50 (S…
Mining celebrities
The National Mining Hall of Fame and Museum in the U.S. will induct 12 new members Oct. 18 at the Desert Inn and Country Club in Las Vegas, Nev.
NEWS ROUNDUP — Fairfield sells ore to Noranda
A 570-ton shipment of high-grade gold ore from the Siwash North gold deposit owned by Fairfield Minerals (TSE) is on its way to the Horne smelter in Quebec. The shipment is estimated to contain 2,000 …
Fee changes, MDA may spark Alberta exploration
Mineral exploration has suddenly become affordable in Alberta with the provincial government’s decision to temporarily waive a $10-per-hectare deposit on exploration permits. And a first-ever Minerals…