Greenland zinc lures Platinova
Toronto-based Platinova (PAS-T) has been granted the exploration rights to a parcel of land in northwestern Greenland.The property hosts a zinc showing that was outlined by Greenland government geolog…
Articles by Northern Miner Staff
Insular busy in Mexico
Insular Explorations (ISX-V) has signed a deal with Blackstone Resources (BZZ-A) to earn a 70% interest in that company’s El Diamante gold project in Chihuahua state, Mexico.In order to earn an initia…
Gold price erodes Inter-Rock profits
For Inter-Rock Gold (IRO-T), low gold prices translated into a loss of $1.8 million (or 11cents per share) for 1997.Revenue for the year amounted to $6.3 million, which was entirely derived from the s…
Eskay gold-silver grades keep Prime in the money
British Columbia gold producer Prime Resources Group (PRU-T) has bucked the industry trend and posted a profit for the first quarter.With record production of 164,860 oz. gold-equivalent, Prime earned…
Nebex drills Munelle
Calgary-based Nebex Resources (NBX-T) is encouraged by results from the first hole drilled on its Munelle polymetallic deposit in north-central Albania.Late last year, the company received government …
Eden Roc in red, but optimistic
Record gold production and higher revenues were not enough to keep Eden Roc Mineral (EDN-T) out of the red in 1997.For the year ended Dec. 31, the Toronto-based company lost $15.4 million on revenue o…
LatinGold adds ground
LatinGold (LAT-T) has signed an agreement with a private firm to earn a 60% interest in two silver-gold properties in Mexico’s Guanajuato state.LatinGold can earn its interest in two stages, each of w…
MINING IN CANADA Companies persevere in BC despite downtrend by thomas schuster
The state of British Columbia’s mineral exploration industry has yet to show signs of recovery.According to the British Columbia Geological Survey, exploration expenditures in the province declined by…
MINING IN CANADA — Eastfield, Ascot prepare to follow up BC discovery
Eastfield Resources (ETF-V) and partner Ascot Resources (AOT-V) believe an early-stage, grassroots copper-molybdenum discovery in the Babine Lake area of central British Columbia could have the making…
MINING IN CANADA — Athabasca uranium play heats up as Kennecott teams with JNR — Geophysical programs planned for eight unconformity targets in northern Saskatchewan
Now that Kennecott Canada Exploration has joined the exploration play in northern Saskatchewan, investors are showing renewed interest in the properties held there by JNR Resources (JNN-V).In February…
NEW MINES ROUNDUP — Green light for uranium mines
The Cigar Lake uranium project in northern Saskatchewan’s Athabasca Basin — a joint-venture held 48.7% by Cameco (CCO-T) and 36.4% by French-owned Cogema Resources — has received conditional approva…
MINING IN CANADA — Cream exploring near Kaslo
A work program by Cream Minerals (CMA-V) is testing the Kaslo silver project in the Slocan mining district of southeastern British Columbia.The $660,000 program is aimed at testing the Cork South silv…