Major firms big players on Newfoundland scene
Gold has lost its lustre for junior exploration companies on the Newfoundland mining scene, and base metals are rapidly becoming a play for only some of the bigger prospectors. About $12 million will…
Articles by Northern Miner Staff
Marlin vested in Hope claims
With the recent completion of a 2-hole drilling program on the Hope claims, Golden Marlin (VSE) has earned a 50% interest from Rayrock Yellowknife Resources (TSE). The property is near Yellowknife, N…
U.S.REPORT NEWS IN BRIEF Newmont begins Swan program
Exploration work has started on the Swan property under a joint venture between Newmont Exploration and Mountain West Resources (VSE). Newmont can earn a 50% interest in the property by spending a to…
U.S.REPORT Barrick, Newmont merger would represent new tier
If American Barrick Resources (TSE) and Newmont Mining (NYSE) proceed with plans to merge their North American assets into a single company, the amalgamation will automatically create a new class of g…
Pacific looks at Aussie bet
Pacific Metals (ASE), formerly Jerome Gold Mines, has entered into a letter of intent to purchase a 50% interest in the Wattle Gully gold mining project in Australia. Situated in the Chewton goldfiel…
QMA proposes “savings plan” for mine closures
The Quebec Mining Association (QMA) introduced its new “environmental evaluation” at its annual meeting staged here recently and also proposed a “savings plan” that would allow mine owners to plan fin…
Royal Oak, dissidents agree on merger terms
Recent discussions between management of Royal Oak Resources (TSE) and a group of dissident shareholders of the Pamour group has resulted in an agreement for a proposed amalgamation between the compan…
Swannell options eight properties
A $400,000 program is being planned by Swannell Minerals (VSE) for eight British Columbia properties considered prospective for porphyry copper-gold mineralization. The properties total 50,635 acres a…
Omega sues Ecstall
A legal dispute between Omega Gold (VSE) and Ecstall Mining (VSE) is threatening to stall work programs planned for a number of mineral properties in northwestern British Columbia. Omega initiated the…
U.S.REPORT NEWS IN BRIEF Expansion drilling at Fort Knox
The first hole drilled this year at the Fort Knox gold property near Fairbanks, Alaska, averaged 0.089 oz. gold per ton over its entire length from zero to 820 ft. Fort Knox is an advanced, bulk tonn…
Sherritt plant near capacity
Nickel processor Sherritt Gordon (TSE) recently reported that it expects its refinery at Fort Saskatchewan, Alta., will operate at better than 90% of capacity for the remainder of 1991. In its first-q…
U.S.REPORT NEWS IN BRIEF Placer drills Jualin gold bet
A drill program by Placer Dome (TSE) has started on the Jualin gold project near Juneau, Alaska. The major may earn a 50% interest in the project from current 60/40 owners International Curator Reso…