Cambior withdraws from Douay project
An option on the Douay gold deposit near Joutel, Que., has been dropped by Cambior (TSE). The agreement had required Cambior to finance development of the deposit to earn a 50% interest from Vior Mini…
Articles by Northern Miner Staff
Homestake targets Aussie subsidiary
In a stock swap valued at about US$162 million, Homestake Mining (NYSE) plans to assume sole ownership of its Australian subsidiary.The company will exchange 9.8 million shares of its common stock for…
Normabec explores for base metals
In the Matagami region of northern Quebec, Normabec Mining Resources (ME) is exploring for nickel-copper sulphides and precious metals.Normabec entered an agreement with Soquem to acquire an interest …
Rea Gold boosts reserves at Bissett
Vancouver-based Rea Gold (TSE) has seen geological gold reserves increase at its Bissett mine, about 160 miles northeast of Winnipeg, Man.Geological reserves at the former producer are now estimated a…
Eastfield options ground to Prism
A joint-venture agreement with Eastfield Resources (VSE) gives Prism Resources (VSE) the right to earn a 50% interest in a group of properties in the Tonopah gold mining district of west-central Nevad…
Diamond News Roundup — Diavik drill results released as more work is planned
Complete results from spring drilling on the A-21 kimberlite pipe at the Diavik project near Lac de Gras, N.W.T., have been released.The joint venture, held 60% by Kennecott Canada and 40% by Aber Res…
Hecla passes environmental grade, brings Grouse Creek on stream
At a time when environmental constraints are dissuading many North American mining companies from carrying out work at home, it is reassuring to see an operation overcome these obstacles and reach pro…
Spill shuts down the Omai gold mine
The Omai gold mine in north-central Guyana was shut down when it was discovered that effluent had seeped through the tailings dam and into the Omai River.The market took instant notice of the spill. S…
PEOPLE — BANFF RES. (August 28, 1995)
Al-Nashir Jamal appointed director and chairman; Louie Mikulic appointed president and director; Allan Beaton appointed director and vice-president of mining; Hans Schwabl appointed director and vice-…
TSE indices
— 1995 — Aug 22Aug 21Aug 18Aug 17Aug 16 High LowComposite”300″4601.684608.304619.924620.174608.384718.273983.34Metals&Minerals5239.345252.775222.305241.395106.885276.123273.56I…
Greater Lenora delays feasibility
A feasibility study on the Box and Athona properties of Greater Lenora Resources (TSE) has been delayed so that consulting firm H.A. Simons can include the results of recent drilling.Current proven an…
Meetings (August 28, 1995)
MEETINGS Sept 5, ClaimstakerSept 5, Lima GoldSept 5, TranspacificSept 6, AGC Americas GoldSept 6, Blue RangeSept 6, GossanSept 6, SpartonSept 7, GroundstarSept 7, Huronian MinesSept 7, LevonSept 7, Lu…