MITEC gives boost to exploration research
The exploration technology division of MITEC (Mining Industry Technology Council of Canada) is becoming an active agency through which industry funds are transferred to research groups. Several resear…
Articles by Northern Miner Staff
Airborne, sampling results reported from Cross Mine
Several new anomalies which may represent mineralized and altered zones have been outlined in an airborne survey on the Cross Mine properties near Boulder, Colo. Nearly all of the known mineralized zo…
LAST BUT NOT LEAST — Marshall completes private placement
An institutional investor has bought two million shares of Marshall Minerals (ASE) for $3 million. The holder of Marshall’s $3-million convertible debentures will, at the appropriate time, convert the…
Gold Funds (September 27, 1993)
Gold Funds as of Sept. 21 BGR Central Net Value $12.78 $5.62 Price $11.00 $6.125 Discount 13.91% 9.0% Value $71,571,000 $110,858,213…
Miramar approves Con acquisition
Directors of Miramar Mining (VSE) approved a previously announced acquisition from Red Lion Management of the Nerco Con underground gold mine. Nerco (NYSE), owner of the mine, will receive US$25 milli…
NEWS ROUNDUP — Ecudor revises Dona Lake agreement
A revision has been made to an agreement allowing Societe Miniere Ecudor (ME) to earn a 49% interest in the Dona Lake mine, near Pickle Lake, Ont. The Rouyn-Noranda, Que.-based company acquired a 9% i…
Toronto Stock Exchange Indices (September 27, 1993)
— Week — Sept 21 Sept 20 Sept 17 Sept 16 Sept 15 High Low Composite”300″ 3937.33 3952.80 3978.31 3988.06 3967.89 3990.76 3947.79 Metals&Minerals 2824.52 2824.22 2881.87 2953.95 2960.12 2965.21 2787….
NEWS ROUNDUP — Cambior acquires Grevet project
The Grevet zinc project in northwestern Quebec is now wholly owned by Cambior (TM/CBJ) The Val d’Or, Que.-based company has acquired Serem-Quebec’s 50% interest in Grevet, as well as the interests of …
Crown in Peru
VANCOUVER Crown Resources (TSE) has expanded its Latin American gold acquisition program into northern Peru. e company has applied for exploration and mining concessions in 10 areas, the most prospect…
New zone found at Meliadine
Drilling on the Meliadine project, 10 miles north of Rankin Inlet in the Northwest Territories, has turned up a new gold zone. The project is a joint venture between Cumberland Resources (VSE) and Com…
Sarnoff KOed in Las Vegas diamond debate
It was supposed to have been The Great Diamond Debate. But Paul Sarnoff, editor of Gold Stocks Advisory and noted diamond play skeptic, was thrown onto the ropes during a panel discussion sponsored by…
Conference marks 40th anniversary of Bathurst camp
This year marks the 40th anniversary of what was, at the outset, one of the best-kept secrets in Canadian mining history — the discovery of base metals in Bathurst, N.B. Although the Brunswick No. 6 …