Meetings (May 18, 1998)
May 19, Caesars GoldMay 19, CampbellMay 19, DenburyMay 19, GoldbeltMay 19, Silver StandardMay 19, SummitMay 20, Athabaska GoldMay 20, Black MountainMay 20, Blue BirdMay 20, Canadian ShieldMay 20, Cork…
Articles by Northern Miner Staff
Winspear unable to locate Snap Lake feeder
Despite having completed a $3.2-million winter diamond exploration program in the Northwest Territories, Winspear Resources (WSP-V) has yet to ferret out a feeder system at Snap Lake.The bulk of the 6…
Companies (May 18, 1998)
Abacus MineralsAber ResourcesAdrian ResourcesAlberta EnergyAnglo AmericanAnglogoldAshanti GoldfieldsAshton Mining of CanadaAur ResourcesAurado ExplorationAurizon MinesBarrick GoldBattle Mountain Canad…
Quaterra acquiring Sonora ground from Kennecott
With an eye toward acquiring exploration properties in northwestern Mexico, Quaterra Resources (GTA-V) has closed a brokered private placement of 3 million units priced at 19cents each. The transactio…
Great Basin seeks funds for Nevada properties
Great Basin Gold (GBG-V) has arranged a $5-million financing with First Marathon Securities and Nesbitt Burns.The money will be raised through the sale of 2.5 million special warrants priced at $2 per…
COMMENTARY — Medicinal silver
One dose of silver oxide may prolong the life of terminally ill patients stricken with acquired immune deficiency syndrome (AIDS), according to a study conducted at a clinic in Central America. The tr…
Laramide buys Mexican lead property
Toronto-based Laramide Resources (LAM-T) has completed the first stage of its acquisition of the Bilbao base metal property in Mexico’s Zacatecas state.The junior has made the first $250,000 payment t…
Gold sales strengthen Cameco’s bottom line
Despite low prices for both uranium and gold, Cameco (CCO-T) posted solid earnings for the first quarter.Net earnings for the 3-month period ended March 31 increased to $18 million (or 31cents per sha…
SUPPLIERS NEWS ROUNDUP — Dynatec awarded shaft contract
Richmond Hill, Ont.-based Dynatec has been awarded a US$9.5-million contract from North American Salt.The contract covers the sinking of a 1,600-ft., concrete-lined production shaft at Cote Blanche Is…
SUPPLIERS NEWS ROUNDUP — Scintrex wins Chinese contract
The nucleonics division of Concord, Ont.-based Scintrex has been awarded a contract valued at $3.1 million from Atomic Energy Canada to supply the fail fuel location systems for the Qinshan 1 and 2 po…
Placer drops Cerro Crucitas
Placer Dome (PDG-T) has decided to sell its interest in the Cerro Crucitas gold property in northern Costa Rica, stating that the property does not fit its strategic objectives.Since discovering the C…
Sahelian Goldfields pours first gold — Rehabilitation of Poura mine well under way
The 160-oz. gold bar poured May 7 at the Poura mine, in west-central Burkina Faso, won’t rock the gold market, but it represents an appropriate milestone on a long road back.For Sahelian Goldfields (S…