Ursa Major buys stake in Patricia
Best known for its copper and gold projects in Kazakstan, Ursa Major International (URS-T) has come home to acquire a 12.6% stake in Patricia Mines (PAT-V), owner of the Island Gold project situated 5…
1998
Amblin busy at Lyndhurst
Junior Amblin Resources (AX-A) is encouraged by drill results from its Lyndhurst copper property, a past producer near Rouyn-Noranda, Que.In late March, a 1,199-metre hole was drilled in an attempt to…
Drills turn at Murray Brook
Darmouth, N.S.-based NovaGold Resources (NRI-T) will shortly begin a second phase of drilling on its Murray Brook massive sulphide deposit, 60 km west of Bathurst, N.B.The program, which will consist …
Noront, Ateba deal option
An option deal with a private company will facilitate $1 million of exploration on the Fletcher Lake property, in the Lac de Gras area of the Northwest Territories.Joint venture partners Noront Resour…
Noront, Alto add potential to Windfall
Partners Noront Resources (NOR-V) and Alto Minerals (ATO-V) are following-up encouraging drill results with a geophysical survey at the Windfall Lake gold project in Quebec’s Urban Twp.The program, ai…
NEWS IN BRIEF (April 06, 1998)
Even Resources (EVN-V) has changed its name to Plata Minerals (PMR-V) on a 1-new-for-7-old-share basis.
Nuinsco drills at Lac Rocher (April 06, 1998)
However obsolete prospectors may seem to bureaucrats in several provincial mines departments, those in northwestern Quebec persist in turning up new mineralization to drill.Nuinsco Resources (NWI-T) h…
LATIN AMERICA — Conquistador outlines Colombian deposit
California-based Conquistador Mines (cql-v) has reported encouraging drill results from Zone 5 at its Marmato property in west-central Colombia.Highlights from surface drilling include the following:*…
Peruvian Gold launches bid for Gabriel
With a healthy cash position of approximately $12 million, Peruvian Gold (PVO-V) has taken a shine to the eastern European gold projects of Gabriel Resources (GVU-V) and has arranged to merge with the…
Finsch prepares for middle age — Increased automation important to underground success
Lime Acres, South Africa — The miner’s instinct to get an obstacle out of the way with a drill and a few sticks of powder is usually a reliable one.But what do you do with an obstacle that is made of…
Sutton to raise funds for Bulyanhulu gold project
A syndicate of investment dealers, led by Bunting Warburg, has agreed to purchase 4.75 million shares of Sutton Resources (STT-V) at $10.65 per share, for gross proceeds of $50.6 million.The underwrit…
Challenger eyes Wawa region
A joint-venture agreement has set the stage for three junior companies to explore a combined land package in Leclaire Twp., about 50 km northwest of Wawa, Ont.Challenger Minerals (CGJ-V) has agreed to…