U.S. REPORT — USMX extends Yankee life
Recent drilling results from the Yankee project have owner USMX (NASDAQ) predicting an extension to the mine’s life. The discovery is within the Yankee project near Ely, Nev., about two miles from the…
Articles by Northern Miner Staff
Casino, Williams Creek deposits potential Yukon copper mines
Two extremely different copper deposits in the Yukon stand a good chance of reaching the production stage in the next few years. Proponents of both the Casino copper-gold-molybdenum deposit and the Wi…
U.S. REPORT — Drilling starts at Golden Summit
A 5,000-ft. reverse circulation drill program by Freegold Recovery (VSE) is now under way on the Golden Summit property 20 miles north of Fairbanks, Alaska, and adjacent to the Fort Knox gold project …
Newfoundland Ex. acquires claims
Calgary-based Newfoundland Exploration (TSE) has acquired a 50-sq.-km exploration licence in the North Labrador Trough, 90 km southwest of Fort Chimo, Que. The junior says it is negotiating with a maj…
LATIN AMERICA ROUNDUP — Minera in new Chilean venture
An agreement to acquire a group of claims in the Sierra Valenzuela copper district in northern Chile has been signed by 50-50 joint venture partners Minera Rayrock (TSE) and Compania Hecla Minera Limi…
Tag increases Verneuil interest
Junior Golden Tag Resources (VSE) has increased its interest in the Verneuil Twp. gold property southeast of Matagami, Que., from 50% to 60%. The company has also staked an additional five claims to b…
Higher costs at Sterling mine contribute to Cathedral loss
A net loss of $28,000 was reported by Cathedral Gold (TSE) for the 1992 second quarter, which the company attributed to weak gold prices and higher cash production costs at its 52% owned Sterling gold…
Noranda ups stake in Brenda to 79.1%
Noranda Minerals, a division of Noranda (TSE), has purchased 346,714 common shares of Brenda Mines (TSE) from Nippon Mining of Japan, increasing its interest in the junior to 79.1% or 3.7 million shar…
MVP sells shares of Dundee-Palliser
MVP Capital has sold 2.3 million shares of Dundee-Palliser Resources (TSE) at 14 cents per share, bringing its interest in Dundee to 38.2%. MVP also bought 1.5 million Dundee warrants for $225,000 in …
NEWS IN BRIEF (September 07, 1992)
Collins Resource Ltd. (CR:VSE) has changed its name to Madison Enterprises Corp. with a consolidation of capital on a 1-new-for-2.5-old-share basis. The transfer agent is Pacific Corp.
Canyon quarterly earnings jump
A 43% increase in net earnings was reported by Canyon Resources (NASDAQ) for its latest quarter ended June 30, compared with results in the year-earlier period. The Colorado-based company announced ea…
Eden Roc boosting daily throughput
Heap leaching at the Ivory Coast, West Africa, property of Eden Roc Mineral (TSE) has produced 5,785 oz. gold bullion to date, the company reports. Bullion contains 95-97% gold. The operation started …