Correction (July 20, 1992)
Shannon Energy (ASE) advises that it is not involved in a joint venture with Orapro Resources involving exploration for diamonds in Manitoba (T.N.M., July 13/92). Orapro, based in Regina, has been exp…
Articles by Northern Miner Staff
Hemlo explores Northfield claims
Gold producer Hemlo Gold Mines (TSE) has started exploring the Swansea property near Virginiatown, Ont., after signing a final option agreement with Northfield Minerals (ASE). Under the terms of the a…
PEOPLE — CHASE RESOURCES
Michael Callahan appointed director and chief financial officer.
Placer buying all of Paymaster
Shares of American Reserve Mining (VSE) hit a new low of 8 cents recently after Placer Dome (TSE) agreed to pay $2.28 million cash for the junior’s 35% stake in the Paymaster gold mine project near Ti…
Grants for exploration in Ontario top $11 million
Ontario has approved more than $11-million worth of grants to exploration-related projects this year, announced Shelley Martel, minister of Northern Development and Mines. — The Ontario Prospectors A…
LATIN AMERICA — Outokumpu Copper Resources reports.
The company, part of Outokumpu group of Finland, recently received a feasibility study for the project from engineering firm Fluor Daniel Wright. The study estimates total reserves of 556 million tonn…
Challenger options property in northwestern Ontario
Recently listed Challenger Minerals (VSE) has been granted the right to earn a 100% interest in the Marshall Lake copper-zinc property 160 miles northeast of Thunder Bay, Ont. Aur Resources (TSE) will…
Aurizon, Soquem complete deal
Soquem, the exploration arm of the Quebec government, is set to earn a 50% stake in Aurizon Mines’ (TSE) Bruneau Twp. gold property after closing an option agreement with Aurizon. Soquem can exercise …
Northgate amends debenture terms
Toronto-based Northgate Exploration (TSE) recently announced a plan to amend the terms of a $13.7-million 7% convertible subordinated debenture issue to allow for retraction on Aug. 28. Subject to reg…
Laramide provides funds for Atna
A recent private placement by Laramide Resources (VSE) will provide funds for Atna Resources (VSE) to initiate joint exploration for gold-rich copper-zinc deposits in central California. Atna has been…
LETTERS TO THE EDITOR — Diamond hunt in the Prairies
The writer of the article “Juniors raise cash for diamond hunt” (T.N.M., July 6/92) has overlooked the exploration activity going on in the prairie provinces. The Northern Miner is providing an inordi…
Amax encouraged by Robertson widths
Two holes drilled by Amax Gold (NYSE) returned promising gold values over appreciable widths from the Robertson gold property adjacent to Placer Dome’s Pipeline gold discovery in Nevada. Amax can earn…