Bema looks to far-eastern Russia
With the underperforming Refugio mine in Chile about to close, Bema Gold (BGO-T) is pinning its hopes on its 79%-owned, high-grade Julietta gold-silver deposit in far-eastern Russia. The underground p…
Articles by Northern Miner Staff
De Beers to drill Ken Hicks target in NWT
De Beers Canada Exploration continues to search for the elusive source of the Ken Hicks kimberlite indicator mineral train on the LA 1-2 claims of the Doyle Lake joint venture project in the Northwest…
Poor maintenance at Beatrix
An investigation into the recent explosion that killed 12 workers at Gold Fields’ Beatrix mine in South Africa has revealed that the operation had inadequate maintenance standards.The report, performe…
Wyoming has diamond potential
The Wyoming State Geological Survey has identified the Medicine Bow National Forest as a region with high potential for diamonds and platinum group metals (PGMs).The forest lies on the edge of the Wyo…
Inco options Atikokan ground
An option agreement with Atikokan Resources (AKN-V) sets the stage for Inco (N-T) to earn a 55% interest in the junior’s Lumby Lake project in northwestern Ontario. The target is believed prospective …
Gold Funds (May 28, 2001)
Gold Funds as of May 17, 2001Dundee Precious MetalsCentral FundNet Value$14.14$5.31Price$9.90$5.17…
Partners plan drilling
A budget of $4.8 million has been approved by the Fort la Corne joint-venture partners for further drilling and evaluation of three kimberlite bodies at the Saskatchewan project.Partners De Beers Ca…
Partners test PGE showings
Hoping to outline a platinum group metals deposit, Wolfden Resources (YWO-V) and Jonpol Explorations (JON-T) have acquired a 2.6-sq.-km parcel of ground in the Thunder Bay region of Ontario.The pair s…
McWatters reports quarterly loss
With mining suspended at the Sigma-Lamaque open-pit gold mine in Val d’Or, Que., McWatters Mining (MCW-T) has posted a loss of $2.9 million (or 4 per share) on revenue of $13.2 million for the first …
Teck eyes Kantela, Shea
Teck (TEK-T) is funding an exploration program at Orezone Resources’ (ORZ-T) Kantela gold property in Mali.The major can earn 60% interests in the Kantela and Shea gold properties (the latter is in Gh…
Correction (May 28, 2001)
In our May 14-20 issue, we erroneously reported that the Algerian government is charging US$2,000 per line km of geological information. The correct charge is US$2 per line km.
Franco buys Metallica stake
Toronto-based Franco-Nevada Mining (FN-T) has acquired an additional 1.2 million shares of Metallica Resources (MR-T), boosting its equity stake to 3.4 million shares, or 12.76% of the Colorado-based …