Correction (June 09, 1997)
In our issue of June 2, we reported that Bullion Monarch (BMRK-O) had acquired an 80% interest in Knomex Resources (KNO-A). In fact, Knomex is still proceeding with its due diligence review of the pro…
Articles by Northern Miner Staff
Metal Prices — Daily Metal Prices (June 09, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateJune 3June 2May 30May 29May 2…
Serengeti pens Anglo agreement
Serengeti Diamonds (SGD-V) has signed a joint-Venture deal with South African mining giant Anglo American.The agreement will see Anglo bear all costs up to a feasibility study on Serengeti’s Tanzanian…
Rio Narcea expands mineralization in Spain
Rio Narcea Gold Mines (RNG-T) has announced promising results from drilling programs in Spain.Stepout drilling at the gold-silver-copper project known as El Valle is delineating a major extension to t…
Sulliden confirms Peruvian gold potential
Drilling on the Las Huaquillas project in northern Peru has confirmed two areas of gold mineralization, reports Quebec-based Sulliden Exploration (SUE-M).The first phase of work consisted of eight dia…
Kirkland Lake JV shows promise
Partners Queenston Mining (QMI-T) and Franco-Nevada (FN-T) have received encouraging first results from the $2.5-Million, phase-2 drill program on their property near Kirkland Lake, Ont.An additional …
BHP, partner eye Ofi Creek
Edmonton-based Western Pacific Gold (WPI-A) and BHP Minerals have received ministerial approval for their Ofi Creek exploration licence in Papua New Guinea.Through its subsidiary Magma Mines, Western …
Int’l Pursuit takes over Dayak Goldfields
By taking over Dayak Goldfields, International Pursuit (IPJ-T) has become the largest holder of exploration rights in Kalimantan, Indonesia.Pursuit issued 5.4 million shares to Dayak’s shareholders, t…
Brush Creek seeks a partner
California-based Brush Creek Mining & Development (BCMD-Q) says it is seeking a joint-Venture partner to help explore its diamond project in Sierra Cty. in its home state.The junior says a reconnaissa…
Curator estimates 15-22 years for Boleo
Preliminary plans show that the Boleo copper-cobalt project in Baja California, Mexico, could generate annual profits of US$170 million at a production rate of 15,000 tonnes per day.International Cura…
Results leave Corriente cold
Partial drill results from the Chama project in Peru indicate the presence of widespread but low-grade mineralization for Corriente Resources (CTQ-T).Drill holes 1, 2, 3, 5 and 6 were drilled in the s…
Richmont to acquire Louvem
Rouyn-Noranda-based Richmont Mines (RIC-T) has made a bid to take over Montreal-based Louvem Mines (LOV-T).Richmont’s bid is by way of an exchange for all the issued and outstanding shares of Louvem M…