MINING IN CHILE — Princeton drills Elenita play
A program of 3,000 metres of reverse circulation drilling has been undertaken by Princeton Mining (TSE) on the Elenita copper project near Antofagasta, Chile. The program focused on an oxide-copper de…
Articles by Northern Miner Staff
PRODUCER PRICES (June 27, 1994)
PRODUCER PRICES ALUMINUM: MW U.S. market US64.5-65.5 cents per lb. (June 9, 1994). ANTIMONY: MW New York dealer US$1.40-1.60 per lb. (May 12, 1994). BISMUTH: MW New York dealer US$2.35-2.65 per lb. (S…
Uruguay round lowers tariffs on non-ferrous metals
Canada’s manufacturers of primary, non-ferrous metals and non-ferrous metal products can look forward to new export opportunities, owing to lower tariffs negotiated in the Uruguay round of world trade…
Decision looms for Fachinal
A final feasibility study is nearing completion for the Fachinal gold-silver project in southern Chile, reports Coeur d’Alene Mines (NYSE). A production decision is expected shortly, says Chairman Den…
Wheaton hopes to extend mine life by five years
The life of the Golden Bear mine will be extended by five years under a new plan devised by North American Metals and its 81% owner Wheaton River Minerals (TSE). The mine-life extension will depend on…
Visible diamonds found in Aber Resources drill core
Within the next 3-4 weeks, Aber Resources (TSE) expects to receive results from an 800-kg kimberlite intersection from the first hole drilled on the A-154 anomaly near Lac de Gras, N.W.T. The results …
Dayton plans Andacollo start
Toronto-listed Dayton Mining has announced a $34-million equity financing, which will be used in conjunction with a US$50-million bank underwriting, to develop a heap-leach mine in central Chile. Cons…
MSV redesignates Class A shares
Montreal-based MSV Resources (TSE) has redesignated its A shares into common shares, effective June 20. The copper-gold producer, which has never issued shares other than the A variety and which also …
NEWS ROUNDUP — Gold values at Midway
Drilling on the Midway project near Rock Creek, B.C., has returned an 11-ft. intersection averaging 1.52 oz. gold per ton. Privately owned Phoenix Resources and Sway Resources (VSE) have earned a 51% …
Greenstone sells stake in subsidiary
Latin-American gold producer Greenstone Resources (TSE) has sold a 12.3% interest in its newly formed Colombian subsidiary to Instituto de Fomento Industrial (IFI). IFI is a Colombian government agenc…
Minorca acquires Phooey
Vancouver-listed Minorca Resources has entered an agreement with a prospector to acquire the Phooey Lake property in Langloiserie Twp., near Chibougamau, Que. Previous work, during 1945-53 and 1985-88…
Drilling continues at Buffalo Valley
Alberta-listed Fairmile Acquisitions has identified several new zones of gold mineralization at the Buffalo Valley mine in northern Nevada. Drilling on the north-south-striking, 2,400-ft.-long Front f…