O&C sells stake in Panamanian firm
Osborne & Chappel Goldfields (TSE) has reached an agreement in principle to sell its main asset, a 25% interest in Los Lilenes S.A., to Odin Mining and Investment. Odin currently owns the remaining 75…
Articles by Northern Miner Staff
Cominco boosts earnings
Net earnings of $18.1 million were reported by Cominco (TSE) for its 1992 second quarter ended June 30, a substantial improvement over this year’s first-quarter loss of $4.9 million. The latest result…
Hemisphere tests lamproite pipe
Testing is under way on a 1,000-tonne bulk sample taken from the Leopold Downs lamproite pipe in western Australia by Vancouver-based Hemisphere Development (VSE). Hemisphere, which is earning a 80% i…
Western Troy commences work on bulk sample
Western Troy Capital (ASE) has started work on a program to take a 500-ton bulk sample from its gold prospect in Menary Twp. in northwestern Ontario. The company says it has recovered 24 oz. gold from…
PRODUCER PRICES (August 10, 1992)
ALUMINUM: MW U.S. market US60.50-61.50 cents per lb. (Jul. 23, 1992). ANTIMONY: New York dealer US78-88 cents per lb. (Jun. 11, 1992). BISMUTH: New York dealer US$2.35-2.70 per lb. (Jun. 11, 1992). CA…
Royal Oak to pay $1.8 million for ERG’s Timmins assets
Royal Oak Mines (TSE) says it will buy all of the processing facitilies of ERG Resources from a secured creditor for $1.79 million. Royal Oak says it will not incur any liability for ERG’s past activi…
Minnova confirms reserve estimate at Pend Oreille
Following the recent completion of an infill drilling program on the Pend Oreille property in Washington state, operator Minnova (TSE) estimates probable reserves at about 3.8 million tons grading 10….
Assays confirm width of Polaris-Taku zone
Merger candidates Suntac Minerals (VSE), Canarc Resource (VSE) and Rembrandt Gold Mines (ASE) recently released additional assay results from drilling on the Polaris-Taku gold property in northwestern…
LATIN AMERICA — Peruvian mine set for mid-1993
Subject to suitable financial arrangements and regulatory approval, the Yanacocha gold project in Peru will enter production in mid-1993, its owners say. Anticipated annual output is 100,000 oz. Capit…
LATIN AMERICA — Trade mission to Argentina
About two dozen mining firms took part in a mining investment mission to Argentina during the first week of August. The mission, sponsored by the Washington, D.C., office of the United Nations Industr…
Bancroft gems
The 29th Bancroft Gemboree on the August civic holiday weekend attracted rockhounds from across North America. Prospectors, dealers, New Age crystal healers and tourists came to the central Ontario to…
Tundra plans to join forces with Oneida, Golden Pond
Subject to regulatory approval, Tundra Gold Mines (VSE) plans to complete a merger with Oneida Resources (VSE) and Golden Pond Resources (VSE) to form a new company, TGO Resources. The amalgamated com…