NEWS ROUNDUP — SAGC raises funds for Chile
Bermuda-based junior South American Gold & Copper (TSE) has completed a private placement of 5.1 million shares at US80 cents per share.The US$4 million in proceeds will be used to explore and develop…
Articles by Northern Miner Staff
Princeton lands provincial approval for Huckleberry
Regulators finally have approved development plans for the Huckleberry copper deposit near Smithers, B.C.Princeton Mining (TSE) had expected to receive the approval by early September, but the procedu…
NEWS IN BRIEF (January 08, 1996)
Pacific Mariner Explorations (PMR:VSE) has changed its name to Abitibi Mining (ABB:VSE).
Metallica backs into Cerro San Pedro
Toronto-listed Metallica Resources will buy a 20% back-in option on shares of a company that holds purchase options covering the San Pedro gold-silver project in northwestern Mexico. Metallica will no…
TVX completes purchase of Greek mining assets
A subsidiary of TVX Gold (TSE) has acquired the Kassandra Mines concessions in Greece.TVX made an initial payment of US$19.5 million and will pay an additional US$28 million in instalments over five y…
Eden Roc acquires Marshall’s interest
Marshall Minerals (TSE) will transfer to Eden Roc Mineral (TSE) its interest in a mining exploration permit in Ivory Coast.In consideration, Marshall will receive 1.3 million Eden Roc common shares an…
Tri Origin defines zones at Lewis Ponds
Having drilled 12 holes, Tri Origin Exploration (TSE) has defined an inferred resource at Tom’s zone on the Lewis Ponds property in New South Wales, Australia.The inferred resource, which lies between…
Intersection widens at Guibord Twp.
Montreal-listed partners Tandem Resources and NAR Resources are encouraged by results from a recently drilled hole in Guibord Twp., near Matheson, Ont.The mineralized intersection is now known to be 1…
MacDonald, Golden Hill cut sulphides
Drill holes at the Florencia-Jabobo exploration concession, 750 km southeast of Havana, Cuba, have intersected sulphide mineralization.Joint-venture partners MacDonald Mines Exploration (ASE) and Gold…
Faro holds promise for cash-strapped Anvil
For the fiscal year ended Oct. 31, 1995, Anvil Range Mining (TSE) lost $3.1 million, or 23 cents per share. But the company hopes soon to find itself back in the black now that production has resumed …
Index (January 08, 1996)
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Freegold to acquire Idaho leach project
Through an agreement with a third party, International Freegold Mineral Development (VSE) has acquired an option on the Almaden gold project, 75 miles northwest of Boise, Idaho.Ican Minerals (TSE) cur…