Sulliden doubles resource
Sulliden Exploration (SUE-M) has upped its resource estimate for the Los Socavones epithermal gold zone on its 100%-owned Las Huaquillas property in northwestern Peru.The new estimate pegs Los Socavon…
Articles by Northern Miner Staff
Property writedowns keep TVX in red ink
Lower cash costs at several of its operations were not sufficient to prevent TVX Gold (TVX-T) from reporting a loss of US$50 million (or 36cents per share) for 1997.The medium-tier producer reduced to…
LATIN AMERICA — Sand River revs up in Chihuahua
Expectations are running high at the Piedras Verdes project in Mexico’s Chihuahua state, where Sand River Resources (SRIV-C) is embarking on a 1,500- to 2,000-metre program of diamond drilling.The Van…
LATIN AMERICA — Cyprus options Mexican porphyry target
Cyprus Amax Minerals (CYM-N) has optioned the Opata copper project in Mexico’s Sonora state from Vancouver-based junior Jaba (JBA-A).Cyprus can earn a 50% interest in the 44-sq.-km project by spending…
Noront, Ateba deal option
An option deal with a private company will facilitate $1 million of exploration on the Fletcher Lake property, in the Lac de Gras area of the Northwest Territories.Joint venture partners Noront Resour…
Nuinsco drills at Lac Rocher (April 06, 1998)
However obsolete prospectors may seem to bureaucrats in several provincial mines departments, those in northwestern Quebec persist in turning up new mineralization to drill.Nuinsco Resources (NWI-T) h…
LATIN AMERICA — Conquistador outlines Colombian deposit
California-based Conquistador Mines (cql-v) has reported encouraging drill results from Zone 5 at its Marmato property in west-central Colombia.Highlights from surface drilling include the following:*…
Behre Dolbear strikes deal in Saudi Arabia
In a departure from its usual practice of supplying geological consulting services to North America’s mining industry, Behre Dolbear has entered into a multi-million-dollar contract to provide financi…
LATIN AMERICA — Ourominas adds McLucas to board
Scottish mining financier William (“Willie”) McLucas has been appointed chairman of Toronto-based Ourominas Minerals (OMI0-T), in an attempt to raise exploration financing.McLucas is currently chairma…
Minera Andes hits high grade in Patagonia
The latest round of drilling has returned high-grade gold and silver values at the El Pluma-Cerro Saavedra project in southern Argentina for Minera Andes (MAI-A).Four of 17 widely scattered holes show…
LATIN AMERICA — Ulysses hunts for gold at Halley
Improving political circumstances have a way of turning interesting showings into promising exploration projects. As tensions in Peru relax, good geology can once again get itself noticed.Ulysses Inte…
FACTS ‘N’ FIGURES — China rethinks gold stance
The People’s Bank of China (PBC), which has full control over China’s gold policy and regulations, recently announced that the official purchasing price paid by the PBC to mine producers would be redu…