Vengold offering
A 12-million-share public offering has raised $24.6 million for Vengold (VEN-T).Proceeds of the offering, priced at $2.05 per share, will be used partly to acquire new mineral assets.The Vancouver-bas…
Articles by Northern Miner Staff
EXPLORATION 1997 — Santa Fe casts net in Central Asia
Shallow oxide gold deposits amenable to heap leaching will be the primary target of an exploration program to be carried out by Santa Fe Pacific Gold (GLD-N) in Central Asia.The company says one of it…
EXPLORATION 1997 — Royal Standard drills property near Bousquet mine in Quebec
A drill program by Royal Standard Minerals (RSM-M) will test a gold prospect adjacent to Barrick Gold’s Bousquet gold mine in Quebec’s Abitibi greenstone belt.The junior company holds an option to ear…
AfriOre encouraged by results of due diligence of Boko Songho
Encouraged by initial results from a due diligence review, AfriOre (AFO-V) is proceeding with the acquisition of the Boko Songho copper project in the southern Congo.To acquire this prospecting permit…
EXPLORATION 1997 — Bre-X and Arequipa set the pace — Canadian companies explore their way around the world
Canadian companies can be found exploring and developing mineral projects in the grasslands of Africa, the jungles of Indonesia, the mountains of Chile, and the Barren Lands of northern Siberia. Typic…
EXPLORATION 1997 — Ulu to provide feed for Lupin mine
An underground ramp being driven at the Ulu gold deposit in the Northwest Territories will allow operator Echo Bay Mines (ECO-T) to begin mining later this year.Situated north of the Arctic Circle, ab…
EXPLORATION 1997 — South American drills Pimenton
A drill program by South American Gold & Copper (SAG-T) is attempting to boost reserves at the Pimenton gold mine in Chile.The program is testing both high-grade veins and associated, lower-grade stoc…
High River extends zone at Taparko
Drilling by High River Gold Mines (HRG-T) is extending the strike length of the Zone 5 target at the company’s Taparko project in Burkina Faso, West Africa.Six recent holes intersected gold mineraliza…
Intl. Pursuit gains Mongolian assets
Landlocked and oft-ignored Mongolia has become a major focus of International Pursuit (IPJ-T).Through subsidiary companies, Pursuit has acquired a significant property portfolio in the Asian country, …
EXPLORATION 1997 — Noveder plans to explore Fleur de Lys
Data from historic exploration, combined with results of recent prospecting, have prompted Noveder (NED-M) to plan an exploration program for the Fleur de Lys property in northern Newfoundland.Work to…
EXPLORATION 1997 — Lac Volant a high flyer for Quebec industry
The claim-staking rush in the Lac Volant region was the highlight of Quebec’s mineral industry in 1996. The industry experienced moderate growth during the year, according to figures released by the p…
Metallica plans Mexican mine
Metallica Resources (MR-T) has received a positive final feasibility study for its wholly owned Cerro San Pedro gold-silver project near San Luis Potosi, Mexico.Mining permits and project financing ar…