Foran funds drilling in Saskatchewan
To fund further drilling of its McIlvenna Bay polymetallic property in Saskatchewan, Foran Mining (FOM-V) intends to raise $1.7 million through a private placement.The junior will issue 2.8 million un…
Articles by Northern Miner Staff
METAL PRICES (December 21, 1998)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateDec. 15Dec. 14Dec. 11Dec. 10…
GOLD FUNDS (December 21, 1998)
Gold Funds as of December 10, 1998BGRCentralNet Value$13.795.92Price$9.45…
Ken Snyder in caldera country
Having mapped in detail most of the Midas district for two different mining companies, I have to take exception to the implication in your article that the Ken Snyder mine does not lie in a caldera se…
Franco-, Euro-Nevada pour gold at Midas
The royalty sisters have graduated to gold producer status. In early December, Franco-Nevada Mining (FN-T) and Euro-Nevada Mining (EN-T), equal partners in the Midas joint venture, poured their first …
GAC-MAC meeting set for spring
The joint meeting of the Geological Association of Canada and the Mining Association of Canada will be held May 26-28 at Laurentian University in Sudbury, Ont.The meeting will feature five symposia ra…
EDITORIAL & OPINION — Tailings management critical for miners — Being prepared
Each time a mainstream journalist rounds up the usual suspects and prepares a report on mining practices worldwide, tailings dam failures are invariably stressed. Even though the articles generally sh…
EDITORIAL & OPINION — GEOLOGY 101 — Zinc-copper VMS deposits, Part 1
There are two main sub-types of copper-zinc volcanogenic massive sulphide (VMS) deposits: those that occur in Archean-Proterozoic greenstone belts (the Noranda-type) and those that formed in ocean env…
CORRECTION (December 21, 1998)
In our Nov. 30 issue, we incorrectly stated that startup of the Diavik diamond project in the Northwest Territories was set for the second quarter of 2001. Startup is scheduled for the second quarter …
Freeport cuts costs to pay down year-end debt
Freeport-McMoRan Copper & Gold (FCX-N) is tightening its belt to weather low copper and gold prices.The New Orleans-based major says it will lower operating costs, and capital and exploration expendit…
Canaco confirms Colchester mineralization
Junior Canaco Resources (CSE-M) has wrapped up a successful exploration program at the wholly owned Colchester property near Springdale, Nfld.The Colchester property contains several known copper-gold…
Chesbar resumes drilling at La Salle concession
Junior Chesbar Resources (CBI-M) has resumed diamond drilling at its gold property in southeastern Venezuela.The effort is designed to test a faulted extension of the Main zone gold mineralization, wh…