Lyndhurst program
Preliminary field work is under way at the Lyndhurst base metal project in Destor Twp., Que., Globex Mining Enterprises (ME) reports. Globex’s joint venture partner is Noranda Exploration. Survey work…
Articles by Northern Miner Staff
Morgain drilling in New Hampshire
Drilling is under way at the Higgins property in New Hampshire, says owner Morgain Minerals (VSE). The company will test two geophysical conductors, one on the southern half and the other on the north…
Tri Origin tests potential of its Australian property
With the application of “Canadian-style” exploration techniques, Tri Origin Exploration (TSE) figures it has a good chance of finding a polymetallic massive sulphide deposit on its Lewis Ponds propert…
Mimiska acquiring Nevada property
An agreement to purchase 100% of the Malachite gold-silver-copper patented mining claim in Lyon Cty., Nev., from Lexus Minerals has been entered into by Societe Miniere Mimiska (ME). Mimiska said a st…
FMC makes plans for lithium source
Plans to explore and develop a source of lithium in Bolivia were announced recently by FMC (NYSE). Source of the lithium is a brine deposit considered to be among the largest reserves of the mineral i…
Gutrath increases Queenstake interest
Gordon Gutrath, president of Queenstake Resources (TSE), recently increased his holdings in the company to 17.34% through the purchase of 1.44 million shares from Australian firm Sandhurst Mining. Gut…
Hemlock further explores Golden Quail property
A second phase of drilling is under way at the Golden Quail property in San Bernardino Cty., Calif. Located about 12 miles west of Viceroy Resources’ Castle Mountain project, the property is under opt…
Igneous financing
Igneous Stone Corp., 50.1% owned by Black Cliff Mines (TSE), has entered into an agreement with an investor group whereby the group will provide $500,000 in equity financing which will be used to brin…
Lower prices, output hurt Hecla in 1991
A net loss of US$15.4 million was reported by Hecla Mining (NYSE) for 1991, a downturn from 1990 when the company recorded net earnings of US$6.7 million. A loss of US$1.9 million on revenue of $27.3 …
Quintette makes deal with railway
As a result of an 11th-hour agreement with B.C. Rail, Quintette Coal managed to meet its Feb. 29 deadline to file its restructuring agreement with the British Columbia Supreme Court. Quintette has bee…
Placer options Dundee gold claims
Under a recent agreement with Dundee-Palliser Resources (TSE), Placer Dome (TSE) has acquired the right to earn a 60% interest in 55 gold claims in Desjardins Twp., northwestern Quebec. The terms of t…
Queenston to buy Barrick stake in Pandora property
An agreement to purchase the 75% interest of American Barrick Resources (TSE) in the Pandora gold property near Malartic, Que., has been negotiated by Queenston Resources (TSE). The deal, expected to …