Burnstone’s Area 1 grows
Following more than 20,000 metres of infill drilling on the Burnstone gold project in South Africa, Great Basin Gold (GBG-V) has raised mineral resources in the Area 1 deposit.Based on a cutoff grade …
Articles by Northern Miner Staff
Cumberland exercises warrants
Vancouver — Cumberland Resources (CBD-T) has exercised share purchase warrants originating from a $14.7-million financing in June 2002, raising $5.1 million in the process.As a result, Cumberland’s w…
Silver protects swimmers
Inadequate cleaning and safety procedures at public swimming pools could be exposing millions of people to harmful bacteria that cause diarrhea and other illnesses, according to a report by the U.S. g…
Exchange Rates (June 30, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJune 24June 23June 20June 19June 18US$ in C$1.36101.33921.35921.3…
Queenstake bankrolls Jerritt Canyon
Vancouver — A brokered private placement financing worth $21 million will allow Queenstake Resources (QRL-T) to acquire the Jerritt Canyon gold mine in Nevada’s Elko Cty.Regulators have yet to approv…
Laurentian to offer PhD
Laurentian University in Sudbury, Ont., will offer students a PhD program in mineral deposits and Precambrian geology. The new program is the first doctorate degree offered there.The Department of Ear…
Shutting down the conversation
If metal miners think anti-mining groups are giving them a rough ride these days, they should have a talk with their brothers in the coal business. The latest bright idea from the pressure groups is f…
Tournigan expands drilling in Northern Ireland
Vancouver — Tournigan Gold (TVC-V) has added a second diamond drill rig to its Tyrone project in Northern Ireland.The main target on the 346-sq.-km property is the Curraghinalt deposit, though severa…
People (June 30, 2003)
Ariane — Leanne Baker appointed to board of directors.BacTech — Brad Marchant appointed CEO.Bishop — Arthur Fisher appointed manager of resource development.Brett…
More kimberlites at Churchill
Drilling by Shear Minerals (SRM-V) and Northern Empire Minerals (NEM-V), designed to test at least 15 geophysical targets, has intersected kimberlite on five of six targets tested so far.The fourth an…
Wolfden adds zone, mill and properties
Follow-up drilling by Wolfden Resources (YWO-V) has intersected a massive sulphide zone 1.7 km west of the existing A/B and D zones on its High Lake volcanogenic massive sulphide property in Nunavut’s…
LME Warehouse Levels (June 30, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, June 24 (change from June 17 in brackets):MetalStock(tonnes)ChangeAluminium1131975(+1…