Barrick to vie for massive Russian deposit?
Russia plans to sell its massive Sukhoi Log gold deposit, described as the largest in the world, early in 1998 in a bid to privatize the project.The tendering process is said to be dominated by two co…
Articles by Northern Miner Staff
Dachine yields industrial diamonds
Sampling of alluvial material at the Dachine property in French Guiana by Guyanor Ressources (GRL.B-T) and Golden Star Resources (GSC-T) has yielded more than 5,000 diamonds.From three creeks, the par…
Golden Goose sees mine potential
A prefeasibility study by BLM Bharti Engineering concludes that the Magino gold project, in north-central Ontario, has the potential to be developed into a large-tonnage, open-pit mine.The project, wh…
Platinova keeps up search in Greenland
The start of drilling at the West Greenland diamond project of Platinova (PAS-T) is set for mid-January.Much of the 1997 field season was devoted to reconnaissance indicator mineral sampling, as was t…
STOCK MARKETS — Depressed mining stocks point to sluggish VSE — Cross Lake, Mountain Lake among the few juniors to buck the trend
The Vancouver Stock Exchange composite index closed down 25.86 points, or 3.9%, to close at 631.35 for the report period ended Dec. 2. The mining index dropped 24.95 points, or 4.6%, to close at 515.3…
MOST ACTIVE ISSUES, Nov. 26-Dec. 2
ExchgVol(000’s)CloseWestmin ResT125295.75Inco LtdT…
Ashton plans more sampling
The first two drill samples from K91, the most recent kimberlite found on the Buffalo Hills project in north-central Alberta, have yielded seven macrodiamonds and 139 micros from 79 kg of core.The two…
EXPLORATION ROUNDUP — Another season wraps up at Meliadine West
With $16.2 million having been spent on exploration there to date, the Meliadine West gold project in the Northwest Territories is being advanced from exploration to the prefeasibility stage. The proj…
EXPLORATION ROUNDUP — Noveder hits copper-zinc at Betts Cove
A drill program by Noveder (NED-M) has confirmed the presence of a zone of copper and zinc mineralization at the Betts Cove project on Newfoundland’s Baie Verte Peninsula.The junior has completed seve…
EXPLORATION ROUNDUP — Cyprus benefits from Zambian privatization
Ongoing drilling has enabled Cyprus Amax Minerals (CYM-N) to outline a preliminary resource for the Kansanshi copper deposit in Zambia.The project — the first to have been awarded to a Western mining…
LME WAREHOUSE LEVELS (December 01, 1997)
Metalstocks (in tonnes) held in London Metal Exchange warehouses at Nov.24/97 (change from previous week in brackets):MetalStock(tonnes)Change…
Freegrant Silver gains NB polymetallic deposit
A polymetallic deposit at Sisson Brook, N.B., is now in the hands of Freegrant Silver, a privately owned New Brunswick-based firm.The property, situated 30 km north of Fredericton, was drilled in the …