Cons. TVX acquires more S.A. interests
Toronto-listed Consolidated TVX Mining Corp. has signed letters of interest whereby TVX will issue shares from treasury to purchase interests in three Brazilian gold mining companies as well as an opt…
Articles by Northern Miner Staff
Giant Bay will start process test in N.W.T.
The first large- scale test of Giant Bay Resources’ biotankleach process should commence this April in the Northwest Territories. The company recently concluded a joint venture agreement with Giant Ye…
Exploration programs under way for Preussag
Exploration programs of Preussag Canada are continuing in northwestern Ontario and Mattagami, Que. The Ontario program is a grassroots play to follow up input airborne surveys which have indicated an …
Equity agreement
Equity Silver Mines of Vancouver reports it has entered into an agreement with Nim and Co., Ltd. Partnership — 1987 under which Equity will obtain up to $5 million in exchange for issuing up to 422,7…
Westmin High grade on Debbie bet excites Westmin Res.
The Sicker Group on Vancouver Island has been the subject of some fairly intense exploration in recent years, much of it by Westmin Resources and Nexus Resource Corp. Westmin’s Buttle Lake mining oper…
Goldstake gets cash
A private placement has been completed by Goldstake Explorations which has raised $750,000. The issue of one million common shares with warrants was made to a European group. The proceeds, Goldstake s…
Major gold mine Big Missouri, Silbak in production by late ’88
It took nine years and 24 separate deals to consolidate the Big Missouri properties near Stewart, B.C., into a simplified package for Westmin Resources. Over that period, Tournigan Mining Explorations…
Camindex seeks extra funding
Additional funding is being sought by Camindex Mines for the Valdez Creek Mine gold project in Alaska, in which Camindex has a 51% interest. The company reports it is in arrears with respect to its fu…
Aur eyeing production and big profits in 1988
Debt free and possibly into gold production by spring, 1988. No wonder James Gill, president of Aur Resources, was in an upbeat mood when he recently chaired his company’s annual meeting. The junior e…
Noramex evaluatinng potential heap leach
A potentially viable heap leach situation in Nevada is being evaluated by Noramex Minerals. President Brian D. Fairbank says probable reserves now stand at about 85,000 tons grading 0.074 oz gold, hig…
News in Brief (March 09, 1987)
Terratech Resources says arrangements have been completed to dispose of its remaining interest in Health Development Services. President Hugh Cameron says profit on the transaction will be reflected i…
More holes ‘click’ for North American, Dundee
Diamond drilling continues to meet with encouragement on the Casa Berardi joint venture gold property of North American Rare Metals and Dundee-Palliser Resources in Vezza Twp., 25 miles south of Matag…