Nugget Res. plans drilling program
A mid-February start is planned for a drilling program at the Australian gold project of Nugget Resources (ASE). The junior’s property is in the famous Hill End district of New South Wales. President …
Articles by Northern Miner Staff
Greenstone financing raises $8.4 million
Latin American gold producer Greenstone Resources (TSE) has completed a 2-series convertible debenture offering valued at $8.4 million. Each series has a 5-year term and may be converted into Greensto…
Cyprus seeks El Abra funding
With a feasibility study wrapped up, Cyprus Amax Minerals (NYSE) is seeking almost US$1 billion to develop the Chilean copper project known as El Abra. The company is seeking a loan of $US700 million …
Metal Prices — FREE MARKET (January 16, 1995)
London Metal Exchange Spot closing prices in $US per tonne Date Jan. 10 Jan. 9 Jan. 6 Jan. 5 Jan. 4 Copper 3037-3038 3002-3003 2984-2985 2942-2944 2895-2896 Lead 665.50-666.50 663-664 654-655 648-649 …
Diabex, Placer intersect gold
Drill results from the Desjardins gold property, near Lebel-sur-Quevillon, Que., are providing encouragement to Diabex Resources (ME). The drilling was carried out by Placer Dome (TSE), owner of the p…
Waddy Lake finds consistency at Komis
Toronto-listed Waddy Lake Resources has released preliminary results from 19 holes drilled on its Komis gold deposit in northern Saskatchewan. The program was initiated in the hope of doubling minable…
NEWS IN BRIEF (January 16, 1995)
Cream Silver Mines (CEM:VSE) has changed its name to Cream Minerals (CMA:VSE) on a 1-new-for-5-old-share basis.
Gencor, Lonrho make CIS plans
South African mining house Gencor and British-based mining group Lonrho are setting up a joint company to develop gold mines in the former Soviet Union. The new company will be equally owned and will …
Drilling under way on Grizzly zone
Further drill-testing of the Grizzly zone is in progress at the Golden Bear mine property in northwestern British Columbia. Owner North American Metals (VSE) plans to drill 4,200 metres in a 31-hole p…
Cream Minerals starts anew
With a one-for-five roll-back now behind it, Cream Minerals (VSE), formerly known as Cream Silver Mines, is ready to start anew. The company recently arranged a private placement of 400,000 units at 3…
NEWS ROUNDUP — Dakota drills Gilt Edge mine
Reverse-circulation drilling has wound down on Dakota Mining’s (TSE) Gilt Edge gold mine near Deadwood, S.D. The 9,475-ft. program was aimed at extending the Anchor Hill orebody. As of December, 1993,…
NEWS ROUNDUP — Asarco, Coeur d’Alene form new company
Two New York-listed companies — Asarco and Coeur d’Alene Mines — have combined certain assets, thereby forming a new company. The new entity, known as Silver Valley Resources, holds the fully develo…