Madsen has funds in place for mill
Proceeds of $5.2 million from four private placements will enable Madsen Gold (MGF-T) to reconstruct the former Dona Lake mill in Red Lake, Ont.Madsen may also issue flow-through shares to generate $1…
News
BASE METALS SPECIAL — Globex Mining eyes Bateman
Gold targets feature prominently in the list of projects being worked by Globex Mining Enterprises (GMX-T). This year, however, the junior acquired two projects where copper is the primary commodity o…
Holmer study bullish for Loma Hierro
Based on an independent prefeasibility study, the Loma Hierro deposit in western Cuba, is expected to produce 1.5 million oz. silver annually at a cash cost of US$1.85 per oz.The mine, owned by Holmer…
BASE METALS SPECIAL — Tandem to drill nickel-copper prospect
A drill program by Tandem Resources (TDM-M) will investigate a strong conductor at its Labrador Trough nickel-copper prospect, 60 miles northeast of Schefferville, Que.The anomaly is associated with a…
BASE METALS SPECIAL — Juniors are drilling massive sulphide targets near Finlayson Lake
Volcanogenic massive sulphide deposits are being sought in the Finlayson-Wolverine Lake region of southeastern Yukon.This exploration effort was triggered by Cominco’s (CLT-T) 1994 discovery of the Ku…
San Fernando looks to sell La Fortuna
San Fernando Mining (SNF-T) has granted Chester Millar an option on the Fortuna mine in Durango, Mexico.Millar, who is chairman of Glamis Gold, paid the company US$50,000 for the option. He has until …
PEOPLE — NORTH AMERICAN METALS (June 24, 1996)
Derek Price appointed vice-president of finance and chief financial officer; John Kalmet appointed director, president and chief operating officer.
PEOPLE — NORCAN (June 24, 1996)
Janet Waddell appointed secretary-treasurer.
PEOPLE — NAMCO
Howard Beck appointed director.
Correction (June 24, 1996)
Primary zinc production rose to 98,495 tonnes in March 1996 from 66,464 tonnes in March 1995. Incorrect information appeared in our edition of June 10.
Policy on staff investing (June 24, 1996)
It is the ongoing policy of The Northern Miner that no staff writers or editors are permitted to write about securities they own, engage in short-selling or take part in initial public offerings and p…
Ontario, natives reach mineral development deal
A major obstacle that discouraged mineral development on Ontario’s native reserves has been overcome.An agreement between the Ontario government and the Eabametoong First Nation will repeal provisions…