City Res. for sale
Central Coast Exploration is seeking a buyer for its 48.6% interest in City Resources (Canada) (TSE). The Australian-based company is no longer able financially to support City Resources, whose key as…
News
EDITORIAL PAGE — Base metals await recovery
It’s nail-biting time for the base metal miners of this country. The big three metals — copper, nickel and zinc — are in deep troughs. Copper, for example, is bumping what miners pray is bottom at U…
ODDS’N’SODS — Mining copper in the Carolinas, Part 1
It was December, 1952, when The Northern Miner announced the remarkable base metal discoveries made by Jim Boylen’s organization in New Brunswick. There ensued the usual claim-staking rush, followed b…
Australia woos Canadian miners
A relatively unexplored greenstone belt in South Australia is expected to attract Canadian companies interested in grassroots exploration opportunities. Susan Daly, a senior geologist with South Austr…
LETTERS TO THE EDITOR — `Unfounded’ conclusions in Seabright
It is most unfortunate that Ian Booth would comment upon a case which is so complex and so obviously out of his league (“Judge finds in Seabright’s favor,” T.N.M., April 5, 1993). Mr. Booth’s conclusi…
LATIN AMERICA ROUNDUP — Teck acquires Arauco shares
Under a share purchase warrant, Teck (TSE) has acquired 31,600 shares of Arauco Resources (VSE), a junior company exploring properties in southern Chile and Argentina. The shares were acquired for “in…
LATIN AMERICA ROUNDUP — Trev discovery in Jamaica
Following up a multi-element geochemical anomaly identified by the Canadian International Development Agency, Trev Corp. (ASE) has discovered high-grade copper mineralization at its Golden Spring prop…
DIAMOND UPDATE — Diamonds spur world-wide activity
Canadian companies continue to explore for diamonds both in Canada and abroad: Northwest Territories: — Fortune Minerals (CDN) has acquired a 50% interest in 20,144 acres in the Lac La Martre area, n…
STOCK MARKETS — DHK sparkles as investors await WO drill
Despite a leveling of bullion at the US$353 level, Western markets continued their rapid ascent, with the Vancouver Stock Exchange composite index up over 34 points at 918.56 and the resource index ju…
Hemlo Gold’s Giant mine boosts quarterly output
Gold production increased by 9% to 132,700 oz. in the first quarter compared with the same period last year, Hemlo Gold Mines (TSE) reports. The company, in which Noranda (TSE) has a 45.6% interest, a…
Kerr discussing re-organization
Having disposed of its interests in Minnova (TSE) and oil and gas producer Anderson Exploration, Kerr Addison Mines (TSE) intends to dispose of its remaining assets and continue talking with its major…
High River to deep-drill Snow Lake gold property
Having encountered significant gold mineralization in a deep drill hole earlier this year on its Snow Lake property in northern Manitoba, High River Gold Mines (TSE) is gearing up for an additional dr…