Santa Fe Gold adds to holdings
Reno-based Santa Fe Pacific Gold (NYSE) has leased two gold properties in Nevada’s Carlin Trend from Minefinders (VSE). The Gutsy and BM properties are about 2 miles northwest of the Rain gold mine. S…
Articles by Northern Miner Staff
PEOPLE — CYPRUS AUSTRALIA COAL
J. Cook appointed president.
Scintilore seeks to raise $640,000
Two arm’s-length private placements are intended to raise $640,000 for Scintilore Explorations (TSE). The placements consist of 1.6 million shares priced at 40 cents each, with warrants entitling the …
Adrian Resources to buy own shares
Convinced its share price is undervalued, Adrian Resources (TSE) plans to acquire up to 1 million shares of its capital stock through a normal course issuer bid. Adrian’s major asset is its interest i…
Gulf confirms Tajikistan venture
Following a recent change of government in the former Soviet republic of Tajikistan, Gulf International Minerals (VSE) has confirmed its joint-venture agreements on several properties. Gulf can earn a…
New PNG government spells progress for Lihir
The outstanding issues hindering development of the Lihir gold deposit in Papua New Guinea (PNG) are being resolved, according to 20% participant Niugini Mining. Nuigini is held about 56% by Battle Mo…
OBITUARY — Roy Saukko
The owner of Diamond Indicator Processing, Roy Saukko, died unexpectedly at his residence in Thunder Bay, Ont. He was 59. Saukko was born in Toronto and later attended the University of Toronto. He wa…
Caledonia acquires two South African producers
Toronto-listed Caledonia Mining has completed transactions to acquire two companies with operating gold mines in South Africa for a total of $49.1 million. Caledonia can acquire a 100% interest in Bar…
Detector drilling at Pistol Lake
Diamond drilling has begun on Detector Resources’ (ASE) Pistol Lake gold project, 90 km west of Thunder Bay, Ont. The 1,300-metre, 6-hole program will attempt to define the downdip extension of the Co…
Minieres du Nord to drill Isle-Dieu
Montreal-listed Explorations Minieres du Nord has drafted an exploration program for its Isle-Dieu gold-copper property near Matagami, Que. Thirteen holes totaling 2,380 metres will be drilled on the …
Cons. Bonanza buys gold mine in Mozambique
Alberta-listed Consolidated Bonanza Metals (ASE) will buy a gold mine in Mozambique and undergo a name change. In addition to acquiring the producing Monarch gold mine near Manica, Bonanza will gain c…
Northern Platinum takes on Wellgreen
Junior Northern Platinum (VSE) has been granted a 1-year extension on an expenditure deadline on the Wellgreen property in the Yukon. The company now has until Nov. 30, 1995, to spend $200,000 on expl…