FMC gets nod for reorganization
Shareholders of FMC Gold (FGL-N) have approved the company’s reincorporation into Meridian Gold.The company has about 73.5 million shares outstanding.The transaction was completed in early August, whe…
Articles by Northern Miner Staff
Toronto Stock Exchange Indices (August 12, 1996)
1996Aug 6Aug 5Aug 2Aug 1July 31HighLowComposite “…
Barrick Gold eyes Minorca’s Aiguebelle property in Quebec
While Indonesia’s gold potential is the main focus for Minorca Resources (MAR-T), the junior has signed a joint venture allowing Barrick Gold (ABX-T) to explore its Aiguebelle property in the Abitibi …
Northern Crown drills Guadalupe Mine zone
Drilling by Northern Crown Mines (NCW-V) at the Guadalupe de Los Reyes project in northwestern Mexico has intersected epithermal gold mineralization.The discovery occurred in the Guadalupe Mine zone, …
Manhattan will explore Tambo Grande
With all necessary documentation in place, Manhattan Minerals (MAN-T) will form a Peruvian operating company to explore and develop the Tambo Grande project in Peru. The company, to be owned 50.05% by…
STOCK MARKETS — Golds lead Toronto market higher
The Toronto Stock Exchange moved higher during the report period July 31-Aug. 6, with the TSE 300 composite index finding its way back above 5,000 for the first time since July 19. The index closed at…
STOCK MARKETS — Optimism inflates Western indices
A mood of optimism crept back into western markets as the Vancouver Stock Exchange composite index reversed its downward trend over the report period ended Aug. 6, to finish up 33.27 points at 1,132.9…
Teck adds to Chilean holdings
Teck (TEK-T) has reached an agreement with Luxembourg-based Minorco to acquire a 60% interest in exploration properties in northern Chile. These include the Lobo and Marte gold properties, which are e…
Correction (August 12, 1996)
In our coverage of the proposed merger between Royalstar Resources (RYQ-V) and Attwood Gold (ATW-V) (T.N.M., July 22/96), the 1.3-million oz. resource at the Tonkin Springs gold deposit was incorrectl…
Imperial drilling Giant Copper property in B.C.
A minimum 5,000-ft. drill program is set to begin at the Giant Copper property in southern British Columbia.Owner Imperial Metals (IPM-T) intends to increase the near-surface tonnage of the AM zone, w…
Bresea and Diadem drilling Belitung
Drilling is under way at two Indonesian projects owned by Bresea Resources (BSR-M) and Diadem Resources (DIR-M).The projects are on a 579-sq.-km property on Belitung Island, situated between Sumatra a…
PEOPLE — NEWMONT (August 12, 1996)
Wayne Murdy appointed executive vice-president; John Dow appointed senior vice-president of exploration.