DIAMOND PAGE — Ashton to drill Mountain Ash
A drill program by Australian-based Ashton Mining will test the Mountain Ash diamond project in South Africa.The project is a joint venture held 51% by Ashton and 49% by Mountain Lake Resources (MOA-V…
Articles by Northern Miner Staff
TORONTO STOCK EXCHANGE INDICES (May 26, 1997)
1997May 20May 19May 16May 15May 14HighLowComposit…
Flooding hampers development at Caribou
An inflow of water has temporarily halted development work at the Caribou polymetallic mine in New Brunswick.Breakwater Resources (BWR-T) reports that water entered the former producer from a nearby o…
PRODUCER AND DEALER PRICES (May 26, 1997)
Aluminium: LME settlements US$1,621 per tonne, alloy $1,475 per tonne (May 20/97).Antimony: Composite free market, US$2,220 per tonne (May 20/97).Bismuth: Composite free market US$3.30 per lb. (May 20…
Greenstone confirms gold at Crimea project
Definition drilling by Toronto-based Greenstone Resources (GRE-T) has confirmed the existence of a significant gold find at the Crimea prospect within the company’s wholly owned Libertad concession in…
Cambior exercises option at La Granja — Reports $3.1-Million profit for first quarter
Montreal-based Cambior (CBJ-T) is exercising its option to acquire the Peruvian copper deposit known as La Granja.In accordance with the 1994 option agreement with state-owned Minera Peru, Cambior has…
Wheaton to resume mining at Golden Bear — Hedging program clears a path
The completion of a hedging program has paved the way for Wheaton River Minerals (WRM-T) to blast the first round in the pit at the Golden Bear gold mine, in northwestern British Columbia.The junior, …
MSV options Corner Bay project
Montreal-based MSV Resources (MSV-T) is entering into an option agreement with Toronto-based Sikaman Gold Resources (SKG-T) for a 50% interest in MSV’s Corner Bay copper project, situated 56 km south …
ASIAN EXPLORATION — KWG develops gold mine in Russia’s far east — Production at Ametistovoe epithermal system slated for September
Montreal-based KWG Resources (KWG-T) plans to pour its first dore bar this September from its newly acquired Ametistovoe gold mine, now under development in the Kamchatka Peninsula of far eastern Russ…
EDITORIAL AND OPINION — Better disclosure could have prevented fraud — The sting
Now that Strathcona Mineral Services has so stunningly discredited Bre-X Minerals and its Busang project, the fingers are pointing, and backs are being covered. We would do well to examine the logic o…
Drilling begins at Adumasa project
A 2,000-Metre program of diamond drilling is under way at the Adumasa property in Ghana, a joint venture of Norcan Resources (NRE-V) and AMI Resources (AMU-V).The work will follow up on three prominen…
Bre-X files for protection from creditors — Directors resign as three exchanges delist stock
First, the gold project collapsed, then the share price. Now, Bre-X Minerals itself appears to be self-destructing.Following the damaging revelations of a technical audit on its Busang property in Kal…