Overseas Platinum has signed an agreement with an Ecuadorian company for the exploration of a gold-platinum placer property in northwestern Ecuador. Prior to closing the deal, Overseas Platinum panned…
Two private placements have been completed by Chelsea Resources which will net the company $2.4 million. In addition, it has a commitment to place 400,000 units consisting of one share at $5 and a war…
Placer Dome Inc. has elected to continue with its option on Golden Star Resources’ Omai gold property in Guyana, South America. Known in their agreement as a further study option, it requires that Pla…
A high grade silver discovery has been made 55 miles north of Hope, B.C., by Huldra Silver. Diamond drilling has proven to be unreliable in delineating the extent and grade of the discovery which typi…
A large land position covering a new type of geological environment for gold and platinum group metals has been picked up by Aber Resources in the Northwest Territories. Victor A. Tanaka, vice-preside…
The largest recipient of flow-through dollars from First Exploration Fund 1987 is the Nexus Group which includes Nexus Resource Corp., Angle Resources and Reward Resources. The companies have signed u…
Canada’s two chief political spokesmen for the mining industry appear to be at odds over the recent Canada-U.S. free-trade agreement. In a recent interview with The Northern Miner, the federa…
Junior-mining firm Lencourt Ltd. has signed an agreement to acquire a 50% working interest in the Slate Creek chrysotile asbestos deposits in Alaska from Tanana Asbestos Corp. along with a royalty int…
Armistice Resources has awarded a $4-million contract to Dynatec Mining for the rehabilitation of the Armistice Exploration shaft on the company’s Sheldon-Larder property in northwestern Ontario. The …
The Vancouver market has been sliding for over a month but Monday’s crash was totally unexpected. Ironically it happened three years to the day after the infamous Black Friday of Oct 19, 1984 when a s…
A gold loan will be used by International Corona Resources to repay its share of the financing of the David Bell mine in the Hemlo area of northern Ontario. The company reports a wholly- owned subsidi…
Grandview Resources is considering the sale of its Carson Hill gold mine in California. Investment banking firm Bear, Stearns & Co. is providing financial advisory services for the possible sale. Seve…
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