Cyprus expands Cache gold zone in N.W.T.
Drilling by Cyprus Canada, a unit of Cyprus Amax Minerals (NYSE), has expanded the size of the Cache gold zone in the eastern Northwest Territories. Property owner Noble Peak Resources (ASE) discovere…
Articles by Northern Miner Staff
Cambior develops Grevet property
The polymetallic Grevet project in northwestern Quebec will be prepared for production in late 1985 or early 1996 at a cost of $81 million. Directors of owner Cambior (TSE) recently approved the feasi…
Kemess South entices Vengold
An advanced mining play in British Columbia has caught the eye of Vengold (TSE), the junior that holds the largest area of gold concessions in Venezuela’s Kilometre 88 district. The company plans to a…
Cuba, Sherritt sign deal to develop nickel, cobalt deposits
Alberta-based Sherritt (TSE) has signed a joint agreement with the Cuban government to mine, process and sell nickel and cobalt on a world-wide basis. Representing the Cuban government in the arrangem…
MINING IN CHILE — Supply, demand fundamentals drive the
The recent upswing in the price of copper — the red metal set a new 15-month high by topping US$1 per lb. — has caught the attention of producers and investors alike. Unlike the sudden rallies withi…
MINING IN CHILE — Ivan project near production startup
The Ivan copper project in northern Chile is scheduled for startup in the second half of 1994, reports Minera Rayrock (TSE). Situated 40 km northeast of the seaport of Antofagasta, the operation is ex…
Gibraltar heading south
While Gibraltar Mines (TSE) continues to explore prospects near its copper mine in south-central British Columbia, the company has expanded its search much farther south, in Chile. Earlier this year, …
Cambior declines 5% option on Omai
Denver-based Golden Star Resources (TSE) will retain its 30% interest in the Omai gold mine in Guyana. The company says that, at its request, Omai partner Cambior (TSE) has elected not to exercise its…
STOCK MARKETS — Western markets follow eastern slump
Western markets followed their eastern cousins down over the trading period ended June 21, despite strength in gold and other commodities. The negative investment sentiment pushed the Vancouver Stock …
Rio buying Polaris production royalty
Toronto-based Rio Algom (TSE) has agreed to buy a 25% royalty interest in the production proceeds from the Polaris mine on Little Cornwallis Island, N.W.T. The royalty interest is the main asset of NC…
NEWS ROUNDUP — Madsen to sell units
Toronto-based Madsen Gold (TSE) has proposed a private placement of 80-100 units at $12,350 each. A unit will consist of 9,000 flow-through common shares at $1.25 each and 1,000 common share purchase …
PEOPLE — LATIN AMERICA GOLD
Alvin Einbender appointed chairman of the executive committee of the board; Gerard Munera appointed chairman; Carmen Fimiani appointed president; William Mulligan appointed executive vice-president of…