Astro signs agreement with Caldera
Australian-based Caldera Resources (CDR-M) has dealt an option to earn a 60% interest in its Abminga diamond project, on the northern border of South Australia, to Australian diamond explorer Astro Mi…
Articles by Northern Miner Staff
Junior explores ground near Savant Lake
Recent surface exploration by Prospectors Alliance (PALL-C) has prompted the company to mobilize a drill rig to a newly staked property in the Savant Lake area of northwestern Ontario.The junior is ex…
Meetings (December 29, 1997)
Dec. 29, AdobeDec. 29, Conqueror HoldingsDec. 29, Interock GoldDec. 29, Minera RayrockDec. 29, MonarchDec. 29, Rayrock YellowknifeDec. 29, Viking GoldDec. 29, WayburnDec. 30, Amcan MineralsDec. 30, Bl…
Canyon aims to boost economics of McDonald project with new mine plan
Now that Canyon Resources (CAU-X) has 100% control of the McDonald gold property in Montana, it is updating the economics of the project in light of additional data and a lower gold price.The company …
Glimmer achieves commercial production
Company officials and visitors examine core from the Glimmer mine.New Year’s Day 1998 will mark the start of official production for the Glimmer mine project in northeastern Ontario.Operator Exall Res…
Barrick adopts poison pill
The board of directors of Barrick Gold (ABX-T) has adopted a shareholder-rights plan designed to make the company more difficult to take over.Barrick will propose the plan — which would remain in eff…
LME WAREHOUSE LEVELS (December 29, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Dec.19/97 (change from Dec. 16 in brackets):MetalStock(tonnes)Change…
Royal Oak secures financing for Kemess
A group of institutions have committed to purchase US$45 million of secured notes from Royal Oak Mines (RYO-T), conditional to satisfactory documentation and completion of due diligence.The funds are …
Mixed bag for October mineral production
Canadian production of gold, nickel, refined copper and zinc, and potash rose between October 1996 and October 1997. However, output of silver, primary copper and zinc, asbestos and lead dropped over …
Pierre Lassonde, Seymour Schulich named Mining Men of the Year
They call themselves “miners in Gucci loafers,” — a suitable moniker for Pierre Lassonde and Seymour Schulich, considering that they make up one of Bay Street’s most financially successful gold minin…
Geomaque gives boost to Vueltas del Rio deposit
Ongoing metallurgical studies have allowed Geomaque Explorations (GEO-T) to increase resources for the San Juan zone on its advance-staged Vueltas del Rio gold project in northwestern Honduras.Resourc…
Placer and Cortez return to court to settle royalty claim
Placer Dome (PDG-N), Cortez Gold Mines and ECM, a private company, may soon return to court to settle their differences regarding the Pipeline deposits in central Nevada.The U.S. Ninth Circuit Court o…