Soquem, Tiomin work North Shore
The Annic joint venture, an equal partnership between Tiomin Resources (ME) and Quebec Crown corporation Soquem, has acquired 53 sq. km on the North Shore of the Gulf of St. Lawrence in Quebec.The joi…
News
Armistice private placement approved
Armistice Resources (ME) has completed a private placement of flow-through shares, raising $810,000 for exploration drilling and development at its Sheldon-Larder gold property east of Kirkland Lake, …
Minorca Res. gets two CoWs
Minorca Resources (ME) will join with Indonesian-based PT Askatindo Karya Mineral to develop properties held by the latter in that country.Two of the Contracts of Work are on the island of Kalimantan,…
Copper Rand drilling confirms new resources
Seven more exploration holes have been drilled at depth in the Copper Rand mine near Chibougamau, Que., and owner MSV Resources (TSE) describes the results as “most promising.”MSV embarked on a drill …
Companies (February 12, 1996)
INDEXAfrican MineralAkiko GoldAlberta EnergyAlta GoldAltai Res.Arequipa Res.Armistice Res.Asquith Res.Aur ResourcesAvalon VenturesBarrick GoldBHP MineralsBlack Hawk M’gBoron ChemicalsBreX MineralsBrea…
Oglebay Norton exits taconite operations
Oglebay Norton (NASDAQ) will not extend its contract as manager and employer at the Eveleth Mines taconite operation in northeastern Minnesota.After years of disagreement on how the project should be …
Black Hawk Mining to put Redstone on hold
Preferring to sell at higher prices, Black Hawk Mining (TSE) has delayed production at its Redstone nickel deposit in northeastern Ontario. The mine will be closed until the nickel market improves.The…
Troymin and partners begin exploring in Saskatchewan
Alberta-listed Troymin Resources reports that two joint-venture partners have begun exploring two of its properties in Saskatchewan.Aur Resources has launched a 9-hole, 1,300-metre drill program on Tr…
African Mineral Resources ups its interest in MDDZ
Privately owned African Mineral Resources (AMRI) and joint-venture partner Mines D’or du Zaire (MDDZ) have bought an additional 64% interest in Societe Zairoise Minere et Industrielle due Kivu (SOMINK…
Bresea enters joint ventures
The pace of land acquisition in Indonesia appears to be picking up, as more and more Canadian companies strike deals in this latest hot spot of exploration.One company, Bresea Resources (ME), recently…
BHP, Northern Orion find copper-gold-moly resource in Argentina
After only one year of exploration, the Agua Rica project in the Argentine province of Catamarca is emerging as a copper-gold-molybdenum deposit of immense proportion.The property is held under option…
KWG backs Cuban project of Joutel
Toronto-listed KWG Resources will buy 8 million units of Joutel Resources (TSE) at 40 cents per unit, for proceeds of $3.2 million.Each unit in the private placement consists of one subordinate voting…