Lyon Lake to finance Beta Vargas
Costa Rican explorer Lyon Lake Mines (ME) will enter the ranks of junior gold producers after it completes a financing worth US$3 million. The company will use the funds to bring its Beta Vargas prope…
Articles by Northern Miner Staff
Drilling boosts Rio Narcea’s reserves
Drilling has enabled Rio Narcea Gold Mines (TSE) to boost geological reserves on its properties in northwestern Spain to 1.8 million oz., an increase of 10% over the figures announced last February.At…
Index (October 09, 1995)
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Rupert to re-enter Copper Chase
Drilling on the Copper Chase property in northern Quebec is expected to resume next spring.In the meantime, Rupert Resources (VSE), which is earning a 75% interest from Glencairn Explorations (ASE), w…
San Andreas extends Prairie Creek deposit
The latest stepout hole at the Prairie Creek property, 500 km west of Yellowknife, N.W.T., has extended the strike length of the Zone 3 vein deposit to 1.9 km.Prior to this year’s drilling, San Andrea…
Photo Lake mine leaves Snow Lake smiling
Take one mill closure, sprinkle liberally with worries about a town’s future. Mix in half a million tonnes of massive sulphides and place in a province that wants to revive its mining industry. Allow …
Pangea Goldfields ups reserves at Fenn-Gib
Toronto-listed Pangea Goldfields (TSE) has increased reserves at its Fenn-Gib gold property near Matheson, Ont.Following completion of a 7,500-metre drill program in the Main zone, reserves jumped by …
Freeport expands potential of Indonesian operations
Though they may be typical assays for the rich Grasberg deposit, the latest figures reported by Freeport-McMoRan Copper & Gold (NYSE) from its operations in Irian Jaya, New Guinea, would make any geol…
Azco and Princeton announce merger plans
In attempt to form a multi-mine, low-cost copper producer, Princeton Mining (TSE) and Azco Mining (TSE) announced plans to merge into a single company.The proposed merger would see Princeton consolida…
PEOPLE — PAN AMERICAN SILVER — J. Fletcher and Michael Maloney appointed directors; Michel Robert appointed senior vice-president; Anthony Hawkshaw appointed chief financial officer; Ing. Andres Dasso appointed vice-president of Peruvian operations.
PEOPLE — METALLICA RES. — Louis Lepry appointed director.
Green light flashes for Collahuasi
Toronto-based Falconbridge (TSE) and joint-venture partner Minorco will spend $1.75 billion to develop the Collahuasi copper project in northern Chile.Collahuasi is one of the world’s largest undevelo…