Banro cuts more gold
Banro Resource (BNRS-C) has hit another long gold intersection at its Twangiza gold project in the Democratic Republic of Congo.Hole 3 hit 328 metres (from 126 to 454 metres) grading 1.64 grams gold p…
Articles by Northern Miner Staff
Echo Bay signs deal with Falcon
A land package situated in the heart of Ontario’s Timmins mining camp has caught the eye of Denver-based Echo Bay Mines (ECO-T).The senior gold producer recently signed an option agreement allowing it…
Redfern awaits mine approval
Management of Redfern Resources (RFR-T) expects a project approval certificate to be issued early next year for its Tulsequah Chief massive sulphide project in northwestern British Columbia.The compan…
Production at Kumtor outpaces expectations of Cameco, government
Output at the Kumtor gold mine in Kyrgyzstan topped 13.2 tonnes of gold as of November 1997, and is on target to produce 14.5 tonnes for its first 13 months of operation.Production at the mine, which …
Kit, Inmet extend agreement
Kit Resources (KIT-T) and Inmet Mining (IMN-T) have extended the deadline for a letter-of-intent agreement that will see the former purchase the latter’s Izok Lake polymetallic property in the Bathurs…
Arian boosts Julietta stake
The slump in gold prices is not curtailing the efforts of Arian Resources (ARA.U-T) to arrange production financing for the Julietta gold-silver project in the Madagan region of the Russian Far East.H…
Cross Lake pulls more copper, zinc values
New drill results from the Sheraton-Timmins project of Cross Lake Minerals (CRN-V) in northeastern Ontario’s Sheraton Twp., indicate a wide package of mineralized zones along a strike length of about …
Homestake set to acquire Plutonic
T’is the season for bargains, thanks to low gold prices, and Homestake Mining (HM-N) has been out doing some last-minute Christmas shopping in Australia. The company has announced that it intends to a…
GOLD FUNDS (December 29, 1997)
Gold Funds as of December 18, 1997BGRCentralNet Value$14.70$6.12Price$10.05…
Jordex shifts from nickel
Weak nickel markets have prompted Jordex Resources (JDX-T) to cease funding its minority stake in the Loma de Niquel nickel project in Venezeula.The company says increases in capital costs and financi…
PEOPLE — TOTEM MINING (December 22, 1997)
Joseph Montgomery appointed vp; Robert Woodfill appointed director.
EDITORIAL — Climate change poorly understood — The Doomsday Club
Remember the 1960s and early 1970s? Woodstock, Pierre Trudeau and those wild-eyed doom-and-gloomers perched on street corners warning us repeatedly that rampant consumerism would soon exhaust the worl…