GREATEST VALUE TRADED (June 15, 1998)
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Articles by Northern Miner Staff
NEVADA AND THE WESTERN STATES — Prism, Eastfield expand Tonopah
Partners Prism Resources (PRN-V) and Eastfield Resources (ETF-V) have expanded their Tonopah gold property in south-central Nevada.The partners picked up eight patented claims from Echo Bay Mines (ECO…
Red Lake deal extended
Vancouver-based ITL Capital (ICL-V) has been granted an additional year to earn a 50% interest in a gold property in Ontario’s Red Lake camp.The company now has four years to earn a 50% interest in th…
Atapa uncovers new showing in Java
Geochemical sampling by Atapa Minerals (AML-M) has led to the discovery of a new gold-silver showing on the Cikotok-Cikidang project in southwestern Java, Indonesia.Dubbed Muara Tiga, the showing is a…
MINING MARKETS & INVESTMENT NEWS — Redfern raises more funds for mine development
Redfern Resources (RFR-T) has closed a private placement that raised $502,200 for the company’s Tulsequah Chief polymetallic project in northwestern British Columbia.The company has closed the deal fo…
NEVADA AND THE WESTERN STATES — International Taurus checks out Lyon copper property
As part of International Taurus Resources’ (ITS-V) new management focus, the company recently acquired the Lyon copper-magnetite project in Nevada, on which it is now performing due diligence.In mid-A…
NEVADA AND THE WESTERN STATES — Globex drills to expand potential of Tonkin Springs
Having acquired the Tonkin Springs gold project in February 1997, Globex Mining Enterprises (GMX-T) is now receiving positive results from an ongoing drill program on the past-producing Nevada propert…
GeoNova expands gold assets
GeoNova Explorations (GNE-T) has extended its gold assets in Quebec to the Porcupine-Destor fault area by buying a full interest in the Pitt property from Santa Fe Canada, a subsidiary of Newmont Gold…
NEVADA AND THE WESTERN STATES — Clinton gets green light
The South Dakota Board of Minerals and Environment has unanimously approved a large-scale mine permit for the Clinton gold project, situated just east of the Wharf mine in the state’s Black Hills regi…
NEVADA AND THE WESTERN STATES — Americomm seeks new partner
Tulsa, Okla.-based Americomm Resources (AREC-Q) is attempting to find a new partner for the ongoing exploration of the Jessup gold-silver property in Churchill Cty., in west-central Nevada.The company…
FACTS ‘N’ FIGURES — World can’t get enough silver
Silver demand was robust in 1997, exceeding supply from mine production and scrap recycling by 198 million oz. and effecting substantial reductions in bullion stocks, according a report released by Wa…
MINING MARKETS & INVESTMENT NEWS – MERGERS & ACQUISITIONS — Redaurum eyes Centenary’s mining and smelting assets in Africa
By merging with Centenary Investments, diamond producer Redaurum (RRK-T) would acquire assets worth more than US$100 million, according to a valuation report by a Calgary-based consulting firm.Centena…