Echo Bay sells stake in Muscocho
Denver-based Echo Bay Mines (TSE) has sold its entire equity interest in Muscocho Explorations (TSE).The senior sold 11.5 million shares privately at 25 cents each for proceeds of $2.9 million. The sh…
Articles by Northern Miner Staff
Grassroots grants allocated in B.C.
Grants have been allocated to 68 prospectors under the British Columbia government’s Prospectors’ Assistance program.The grants are part of the Explore B.C. program, announced in this year’s provincia…
Falco opts to sell Lakefield
By the end of August, Falconbridge expects to close the sale of its Lakefield Research division though a management buyout.Falconbridge President Frank Pickard says the company decided to sell the div…
LABRADOR NEWS ROUNDUP — Noront picks up Voisey Bay ground
Two Vancouver-listed juniors, Noront Resources and Golden Trump Resources, have signed a joint-venture agreement covering six claim blocks north of the Voisey Bay area of Labrador.Golden Trump can ear…
LABRADOR NEWS ROUNDUP — Sulphides found at VBE-1 claims
Field crews on the VBE-1 claim group in the Voisey Bay region of Labrador have turned up disseminated and bleb-type pyrite, pyrrhotite and chalcopyrite mineralization in anorthosite bedrock.Columbia Y…
Noranda seizes Yamana opportunity
Noranda Mining & Exploration, a unit of Noranda (TSE), has exercised its first right of opportunity concerning Yamana Resources’ (TSE) Santa Cruz project in southern Argentina.By exercising this right…
Teck to buy stake in Lysander
Although still subject to due diligence and regulatory approval, Teck (TSE) has agreed to provide $8.8 million in equity financing for the exploration and development of Lysander Gold’s (VSE) Passagem…
Spot prices at a glance (July 17, 1995)
Wednesday, July 12Week’sPrice (US)ChangeGold*$385.85+$1.25Silver*$5.16+$0.09Platinum*$434.00$0.00Nickel**$3.95+$0.04Lead**$0.28$0.00Copper $1.45+$0.05Zinca$0.47+$0.01Co…
Great Lakes raises funds to build mine in Mexico
Toronto-listed Great Lakes Minerals has raised the necessary funds to construct its Lluvia de Oro gold mine in Mexico’s Sonora state, with startup scheduled for the first quarter of 1996.The company c…
Northgate encouraged by Chilean play
Preliminary sampling results from the Choquelimpie exploration project in Northern Chile indicate grades of 6.98 grams gold and 50.54 grams silver per tonne, plus 0.9% copper.Northgate Exploration (TS…
Pentland Firth looks for Hoyle Pond match
The first round of drilling on two Timmins-area properties owned by Pentland Firth Ventures (TSE) has ended.The company drilled the Allerston and Wetmore properties, looking for vein systems comparabl…
Monarch takes flight as Camorra overcomes initial problems
Despite operational difficulties at its Camorra gold mine in Venezuela, Monarch Resources (TSE) managed to produce a record amount of the yellow metal in 1994.Venezuela’s largest private gold mining c…