Careers (October 05, 1998)
Socit minire Raglan du Qubec Lte “SMRQ”, dont les oprations se situent la limite nord du territoire qubecois, constitue l’un des projets de mtaux de base les plus importants avior t ral…
Articles by Northern Miner Staff
Hornby Bay sizes up NWT zinc discovery
Hornby Bay Exploration (HBBY-C) is set to begin preliminary exploration on a recently discovered mineralized sulphide zone in the Hornby Basin of the Northwest Territories.The company intends to condu…
NEWS ROUNDUP — Junior expands strike of Copper Pond
Prospecting and mapping by Copper Hill (CUHL-C) have extended by 1.5 km the strike length of a massive sulphide zone on its Copper Pond property in Labrador.The 1998 program of geophysical surveys and…
NEWS ROUNDUP — Camnor, La Teko deal gets nod
Regulators have approved a deal for Camnor Resources (CMB-V) to earn a 51% interest in the 3,000-acre Discovery Gulch property of La Teko Resources (LAO-V) in Alaska.For its interest, Camnor must spen…
NEWS ROUNDUP — Leader, Ariel go separate ways
Juniors Leader Mining (LMN-A) and Ariel Resources (AU-T) have scrapped plans to merge.The companies, which in May signed a letter-of-intent to amalgamate, blame poor markets for their decision to forg…
Atlas bears financial burden
Atlas (ATSP-O) has filed for bankruptcy protection, but will continue producing lead, zinc and silver at its Andacaba mine in southwestern Bolivia.Meanwhile, the company hopes to sell its 61% holding …
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Precious, base metal stocks continue rebound
Looking for a little safety in today’s turbulent markets, investors continued to flock to mining, oil and forestry stocks during the Sept. 16-22 report period. The TSE’s gold and precious metals sub-i…
Summo buys Johnson Camp
Summo Minerals (SMA-T) has bought the Johnson Camp copper mine in southeastern Arizona from bankrupt Arimetco, a wholly owned subsidiary of Arimetco International, now de-listed from the Toronto Stock…
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Dow settles after early loss
With a dive of more than 200 points early in the report period of Sept.16-22, the Dow Jones Industrial average firmed up, showing three consecutive days of only modest gains and losses. The average st…
GOLD FUNDS (September 28, 1998)
Gold Funds as of September 17, 1998BGRCentralNet Value$13.175.92Price$10.70…
Great Basin pursues Midas-style veins — Veining, mineralogy seen as analogous to Ken Snyder
A drilling program at the Ivanhoe property in Nevada is aimed at following up the discovery of Midas-style veining in the Valmy formation, reports Great Basin Gold (GBDG-V).The company discovered the …
Argentina Gold tallies resource for Veladero project
Argentina Gold (ARP-V) has tabled preliminary resource estimates for its Veladero gold-silver project in San Juan province.The Filo Federico zone, which was defined by 15 drill holes, contains a resou…