Shareholder boosts stake in Nuinsco
Private Bahamian corporation Wincro has acquired an additional 600,000 shares of Nuinsco Resources (TSE) at 50 cents each. The purchase, from a group of Nuinsco shareholders, increases Wincro’s intere…
News
Band-Ore, partners drill property near Timmins
A new gold discovery has been reported by Band-Ore Resources (CDN) on its Thorne property, 10 km west of Timmins, Ont. The first drill hole intersected a 70-ft.-wide mineralized and altered zone which…
Study calls for for production at Nixon Fork
An updated feasibility study gives the thumbs-up to the Nixon Fork gold project in west-central Alaska. Consisting of a 60,000-oz.-per-year underground mine and a gravity-flotation mill, Nixon Fork is…
Summo sizes up Lisbon Valley
A feasibility study is under way on the Lisbon Valley copper project in southeastern Utah. Summo Minerals (VSE) has enlisted Salt Lake City-based Roberts & Schaefer to determine the economics of an op…
Virginia, Diabor active in Eastmain
Partners Virginia Gold Mines (ME) and Explorations Diabor (ME) have staked 92 claims in the Eastmain volcanic belt of northwestern Quebec. An area containing geochemical anomalies and gold showings ha…
Companies make deals near Lebel-sur-Quevillon
Several companies continue to make deals involving ground in the Lebel-sur-Quevillon camp of northwestern Quebec. Wiscan Resources (TSE) and Sharpe Energy & Resources (VSE) have jointly acquired 56 cl…
Bre-X forges ahead at Indonesian play
Results from recent drilling have prompted Bre-X Minerals (ASE) to persevere at its Busang gold project in East Kalimantan. A third phase of drilling, already under way, is aimed at delineating 5 mill…
EDITORIAL PAGE — A voice from the wilderness
Ontario is fortunate to have a vibrant prospecting community, one that has contributed significantly to many important discoveries in the province. And that is why political leaders should pull up a c…
COMMENTARY — Stimulate mine exploration
An unfortunate reality of today’s mining business is that more and more mining companies are investing their exploration dollars outside Canada, says Gregory Waller, financial analysis manager for Com…
OBITUARIES — Former editor John Carrington spent 44 years at
A former editor of The Northern Miner, John W. Carrington, passed away Jan. 20 in Toronto after a long illness. He was 81. Carrington, who devoted his entire career of 44 years to the weekly newspaper…
Cepeda, Cominco subsidary carry on down south
Partners Cepeda Minerals (VSE) and Cominco Resources International (TSE) intend to continue exploring for gold properties in South Carolina. Since its inception in 1990, the equal partners have spent …
NEWS ROUNDUP — Northgate settles Colomac suit
Toronto-listed Northgate Exploration has settled a class action suit filed in the U.S. in 1991. The corporation, along with four of its senior officers, was named in the suit, which alleged violations…