Drilling extends Taylor mineralization
The two latest drillholes at the Taylor Brook property in northern New Brunswick have intersected sulphide mineralization at the geological projection of the known sulphide zone.Owner Stratabound Mine…
News
Int’l Taurus regains namesake property
Cyprus Canada, a wholly owned subsidiary of Cyprus Amax Minerals (CYM-N), is selling its right to earn up to a 70% interest in the Taurus property back to International Taurus Resources (ITU-V).The Va…
Echo Bay finishes Santa Elina deal
Echo Bay Mines (ECO-X) has completed its acquisition of half of Santa Elina Gold (SAU-T), and, as a result, shareholders of the latter can exchange their shares for those of the former.Echo Bay raised…
High River Gold announces results
Results from an 11-hole drill program on High River Gold Mines’ (T-HRG) Taparko property in Burkina Faso indicate that the GT zone has a minimum strike length of 300 metres.One of six gold-bearing zon…
BHP and Centurion ink Little Bingham deal
BHP Minerals has exercised its option on the Little Bingham copper-gold property, southwest of Salt Lake City, Utah.BHP will earn a 75% interest in the property from owner Centurion Mines (CTMC-Q) by …
Muscocho group unveils merger plans
The Muscocho group of companies, which have never fully recovered from their brush with insolvency in the late 1980s, have agreed to merge.A new company, named Golden Goose Resources, will emerge from…
Troymin cuts copper and nickel in Quebec
Early drill results from the Hawk Ridge property have convinced Troymin Resources (TYR-M) that high-grade, copper-nickel deposits can be found in the Ungava region of northern Quebec.The company holds…
EDITORIAL PAGE — Combatting corruption
A few years back, The Northern Miner sent a writer to visit mineral projects in Africa. While in one country, attempting to fly to another, the hapless geo-journalist was hauled off to a backroom of t…
High grade reported at Alta Gold’s Olinghouse
The first batch of results from this year’s drill program at the Olinghouse gold deposit, 35 miles east of Reno, Nev., surpassed the expectations of owner Alta Gold (ALTA-Q).The results confirm previo…
Joutel expands gold resources in Cuba
New results have expanded the known gold resource at three Cuban projects of Joutel Resources (JTL-T).At the Zona Barita project, the 28-hole third phase of drilling is now complete, and a prefeasibil…
OBITUARIES — Lawrie Reinertson
Lawrie Reinertson, president and chief executive officer of Rio Algom, has died of a heart attack. He was 51.Mr. Reinertson’s mining career began in 1965 when he joined Noranda as a prospector. Severa…
Teck reports steady earnings
Second-quarter earnings remained steady for Teck (TEK-T).The company earned $19.7 million (or 20 cents per share) on revenue of $187.4 million, compared with a net income of $18.1 million on $181.7 mi…