Herald Res. drills Indonesian property
Australian-listed Herald Resources is resuming drilling at the Dairi zinc-lead project in North Sumatra, Indonesia.The program will be attempt to expand the Anjing Hitam zone, which hosts an independe…
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Sudbury Contact options Moosehead
A recent agreement with Altius Minerals (ALS-V) sets the stage for Sudbury Contact Mines (SUD-T) to earn up to a 60% interest in the Moosehead gold property in central Newfoundland.Sudbury Contact can…
Western Pacific eyes D’Aguilar
Edmonton-based Western Pacific Gold (WPI-V) has taken a shine to the D’Aguilar gold mine project, 40 km west of Gympie in southeast Queensland, Australia.The junior recently signed an agreement with t…
Atna targets polymetallic mine in Arizona
A 4-hole, 2,000-ft. program of diamond drilling will test the downdip extension of the underground Lone Pine mine, a past producer south of Prescott, Ariz.Atna Resources (ATN-T) says there is no recor…
Mining mergers assume ‘victim or vulture’ theme
As mining deals get bigger and the pace of consolidation accelerates, the emerging trend might best be described as “victim or vulture,” says London-based analyst Jack Jones of CIBC World Markets.”Thi…
‘Quebec Inc.’ backs Niobec purchase
A inflow of cash from Quebec’s biggest institutions has allowed Quebec City-based Mazarin (MAZ-T) to close the $48-million acquisition of Teck’s (TEK-T) half-interest in the Niobec niobium mine in the…
Kvaerner wins safety award
Kvaerner, the London-based engineering and construction group, has received a safety award for its work at the El Tesoro copper project, near Antofagasta, Chile.The award, presented by the local, non-…
Northern Miner Indices (April 09, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T19.3ComincoCLT-T5.1FalconbridgeFL-T6.7Franco-Nevada MiningFN-T6.3Freeport McMoRan Cop’r BFCX-N6.7Homestake MiningHM-N4….
DiamondWorks completes Lyndhurst transaction
Following a 20-to-1 share consolidation, DiamondWorks (dmw-t) has completed a restructuring agreement with Lyndhurst, a privately held, British-based mining holding company.Under the deal, DiamondWork…
No resource yet at Sepola
Resource Service Group is rejecting widely publicized claims that it had quantified a significant resource at the Sepola gold project in Mali for owner Hyundai.Rick Yates, director of the Australian-b…
NAP bumps up reserves
North American Palladium (PDL-T) has blocked out 17% more palladium ore at its Lac des les palladium mine in northwestern Ontario.The mine now boasts a reserve of 96.2 million tonnes grading 1.55 gra…
Franco trades mine for 20% of Normandy
A market that was plainly awaiting a merger announcement may have been nonplussed, but Franco-Nevada Mining (FN-T) has agreed to exchange the Ken Snyder mine, the Midas property and Australian assets …