LATIN AMERICA — Golden Ring evaluates drilling
Assay results were released by Golden Ring Resources (VSE) from several holes recently drilled on the Bellas Gate copper-gold property in central Jamaica. Hole 92-15 encountered 150 ft. grading 0.33% …
Articles by Northern Miner Staff
Big Creek hits copper at Casino
The first hole of an initial $500,000 drilling program on the Casino property in southern Yukon intersected 523 ft. (from 77 ft. to 600 ft.) at an average grade of 0.021 oz. gold, 0.59% copper and 0.0…
INSIDER TRADING — Diamond players sell Aber shares at
Two of the key players in the Lac de Gras diamond hunt were active in the stock market recently, with company share prices reacting to moves made by majors Kennecott and BHP-Utah Mines. According to t…
Reclamation specialist favored
A Vancouver-based company has been selected as the preferred bidder by Rio Algom (TSE) to decommission its former Quirke and Panel uranium mines near Elliot Lake, Ont. Regarded as one of the largest d…
Arbor eyeing major deal
By the end of July, Arbor Resources (VSE) and associated company Wealth Resources (VSE) expect to enter into a joint venture agreement allowing an undisclosed senior mining company to earn a 51% inter…
Cameco drilling Buckskin prospect
A diamond drill program funded by Cameco (TSE) recently started on the Buckskin gold property owned 100% by Queenstake Resources (TSE) in Nevada. The major has the right to earn a 60% interest in the …
Zone intersected at Polaris-Taku
Recent drilling on the Polaris-Taku gold property is reported to have intersected a large altered and mineralized zone at the west end of the C vein. Located in northwestern British Columbia, Polaris-…
No bail-out for Westar
The British Columbia government agreed to defer some taxes and bond payments, but it won’t be bailing out Westar Mining, a cash-strapped coal producer which earlier this year placed itself under court…
STOCK MARKETS — Small gains for Tenajon, Prime Res. in slow
Gold’s slow climb to US$350 per oz. is providing a small measure of encouragement to juniors seeking to interest investors in exploration programs for the yellow metal. It wasn’t enough, however, to s…
Golden Star closes $6-million financing
Edmonton-based Golden Star Resources (TSE) recently locked up exploration funds for a number of South American properties through a private placement of 2.1 million special warrants at $2.85 each. The…
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…
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…