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 …
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…
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 …
NEWS ROUNDUP — Rhino completes initial drilling
Junior Rhino Resources (VSE) has finished drilling five holes, totalling 2,000 ft., on the Ned claims near Kamloops, B.C. The program tested what is believed to be an epithermal zone over a distance o…
NEWS ROUNDUP — Junior Wildcat looks to S.E. Asia
Among the Canadian companies poised to explore for gold in the Malay Archipelago is Pacific Wildcat Resources (VSE). The junior intends to carry out work in southern Sumatra, where a 1,740-sq.-km area…
NEWS ROUNDUP — New Island plans more drilling
More drilling, beginning in the spring, is planned for the Lucky Smoke gold zone in Newfoundland. New Island Minerals (ASE) of St. John’s wants to test the strike extension of the zone north to the Ke…
NEWS ROUNDUP — Eden Roc exceeds reserve projection
Having completed a drilling program at its property in Ivory Coast, Eden Roc Mineral (TSE) has surpassed its 1994 gold reserve projection of 1.4 million oz. By the end of 1994, Eden Roc had oxide rese…
Treminco drilling in western Mexico
Assay results from trenches have confirmed the presence of copper oxide mineralization on Treminco Resources’ (VSE) El Magistral property in Mexico’s Sinaloa state. The results include 0.23% copper ac…
IGR active in Burkina Faso
Steps have been taken by Toronto-listed International Gold Resources (IGR) to increase its land position and exploration activities in Burkina Faso, West Africa. IGR has signed an option agreement wit…
Weak Australian dollar affects MIM’s performance
Despite the recent weakness of the Canadian dollar, most of this country’s mining companies continue to turn over a profit. This is because the products exported are sold in American dollars. Yet in A…
Taurus and Cyprus form joint venture
A joint venture has been formed between International Taurus Resources (VSE) and Cyprus Canada, a unit of Cyprus Amax Minerals (NYSE). The announcement follows a $1.5-million exploration program by Ta…
Noront buys ground adjoining N.B. find
Regulators are expected to approve Noront Resources’ (TSE) acquisition of 15 claims northwest of Bathurst, N.B. The property adjoins ground held by Hendricks Minerals Canada (CDN), on which sulphide-r…