NEWS ROUNDUP — Glimmer ends talks with Dragon
Discussions have ended between two Vancouver-listed juniors regarding financing for the Hislop Twp. gold property in northeastern Ontario,The property is owned by Glimmer Resources.According to Glimme…
Articles by Northern Miner Staff
STOCK MARKETS — TSE 300 makes gains as profit-taking ensues
Strength in the TSE 300 composite index accumulated in the early part of the report week ended July 18, as the leading index broke through the 4,700-point level, setting a record for the fourth consec…
Goldstream mill temporarily down
Milling operations at the Goldstream copper-zinc mine near Revelstoke, B.C., have been temporarily suspended to allow underground development to advance.Partners Goldnev Resources (VSE) and Imperial M…
Atapa acquires concession
An agreement with Peruvian-based Sociedad Minera will result in Atapa Minerals (CDN) acquiring the 900-hectare Mauii concession in the Lurin River Valley.The property, nestled in the Western Cordiller…
BHP drills ground near Matagami
BHP Minerals Canada is carrying out additional drilling on Southern Africa Minerals’ (TSE) Cabre base metal property near Matagami, Que.Previous drilling delineated two massive sulphide zones with a r…
MABC launches awareness campaign
The Mining Association of British Columbia will launch a “mining awareness” campaign.The program will publicize important contributions that the mining industry makes to the provincial economy.As part…
Gateway opens to Russian prospects
In March, 1996, about 20,000 visitors from the Commonwealth of Independent States, together with representatives of major mining companies from around the world, are expected to converge in Russia’s c…
METALS COMMENTARY — Metals markets relax in summer
The annual summer doldrums are having a mixed effect on metals markets, with producers waiting out the holiday shutdown period and metal prices varying from strong to weak.Some speculators, who desert…
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…
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…