Base metal exploration comes out of the shadows
After a long period in the shadow of the precious metals, the base metals appear to be regaining some of their past glory in exploration in the Canadian Shield.Three projects in northwestern Ontario o…
Articles by Northern Miner Staff
MINING MARKETS AND INVESTMENT NEWS — Investment Commentary — Merger merits wait-and-see stance
Roger Chaplin, mining analyst with T. Hoare & Co., is recommending a wait-and-see attitude following the announcement of the mega-merger between Kinross Gold (K-T) and Amax Gold (AU-N), which will cre…
Millstream nabs remainder of Potter property
Toronto-based Millstream Mines (MLSM-C) has acquired the remaining interest in the Potter polymetallic property in Munro Twp., 80 km east of Timmins, Ont.The junior paid a private vendor $3 million an…
NEW MINES ROUNDUP — Plans for Voisey’s Bay slow to a crawl
The government of Newfoundland and management of Inco (N-T) are back at the bargaining table trying to hammer out a deal that would allow development of the company’s Voisey’s Bay nickel-copper-cobalt…
Armada gets backing for Baley gold project
Russia’s Vneshtorg Bank will provide backing to Armada Gold (AAU-T) in the form of a gold sales commission agreement, paving the way for development of the Baley gold project in southeastern Siberia.T…
Companies (May 04, 1998)
Abacus MineralsAber ResourcesAbitibi MiningAfrican Selection MiningAGC Americas GoldAlhambra ResourcesAlpha GoldAmax GoldAmerican Bullion MineralsAnglo AmericanAntares MiningAnzex ResourcesArizona Sta…
MINING MARKETS AND INVESTMENT NEWS — GMD, La Teko among juniors engaged in financings
The following Vancouver-based juniors recently reported financings for their work programs.* GMD Resources (GMD-V) has reached an agreement with several subscribers for a private placement of 1.7 mill…
FINANCING (May 04, 1998)
McBroom Resources — Offering Price & Description: $* — 1,000,000 Common Shs (Upon the Exercise of 1,000,000 previously issued Special Wts).Vengold — Offering Price & Description: $41,175,000 – 22,5…
Juniors plan drilling on nickel prospect in Yukon
Glenhaven Resources (GNN-A) and Blackstone Resources (BZZ-V) are firming up plans to drill at the Taiga nickel-zinc property, situated 120 km northeast of Dawson City, Y.T.The companies expect to mobi…
MINING MARKETS AND INVESTMENT NEWS – WESTERN MARKETS — ASE outshines Vancouver as golds make modest gains
The Vancouver Stock Exchange composite index dropped 12.98 points to close at 619.53, whereas the mining index fell below the 500 mark, to 490.01, for the report period ended April 28. However, the co…
MINING MARKETS AND INVESTMENT NEWS – EASTERN MARKETS — TSE falls on possible rate increases south of border
Speculation that the U.S. Federal Reserve Board may soon increase interest rates sapped some life out of the Toronto Stock Exchange 300 index, which lost 197.85 points during the report period ended A…
Partners hit gold at Despinassy
Drilling at the Despinassy gold property, 70 km north of Val d’Or, Que., has returned encouraging results for partners Major General Resources (MGJ-V) and Cameco Gold, a wholly-owned unit of Cameco (C…