CAG unveils results from Kazakstani prospects
Central Asia Goldfields (CGZ-M) has released encouraging drill results from winter drilling on the Ashiktas and Ortasay gold prospects in Kazakstan (T.N.M. March 24/97).At Ashiktas, the first hole rep…
Articles by Northern Miner Staff
LATIN AMERICA — CanAlaska picks up Mexican properties
International CanAlaska Resources (ICA-V) has picked up new ground in the growing mineral play in southwestern Chihuahua state, Mexico.The Vancouver-based junior can acquire two property packages, the…
LATIN AMERICA — Argentine government manoeuvres to attract dollars to mining sector
Although mining represents but a small portion of Argentina’s economy, more and more mineral development projects are expected to enter production there.The country currently produces 35,000 oz. gold …
GREATEST VALUE TRADED (April 07, 1997)
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STOCK MARKETS — Great Bre-X belly-flop sinks entire gold market
Widespread carnage among TSE golds; base metals also take a bashing The report period ended April 1 was no joke at the Toronto Stock Exchange, where the Bre-X Minerals bomb of the previous week turned…
STOCK MARKETS — Bre-X’s collapse has domino effect on VSE juniors — Western markets may take months to recover as investors bail out of penny mining stocks
The ongoing confusion over Bre-X Minerals took its toll on almost all mining stocks on the Vancouver Stock Exchange during the report period ended April 1. The VSE’s composite index lost 121.82 points…
TSE INDICES (April 07, 1997)
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Adikann drill-tests gold property in Ghana
Junior Adikann Goldfields (ADK-V) reports encouraging results from drilling carried out on two portions of its Westbank concession in southwestern Ghana.* On the Treposo portion, six holes were drille…
Gold production steady at Limon
At the Limon gold mine in Nicaragua, Triton Mining (TTM-T) produced 3,675 oz. during the month of February, bringing the year’s total to date to about 7,690 oz.The cash cost for the month remained at …
Cons. Shoshoni expands holdings at Finlayson Lake
In the Finlayson Lake area of the Yukon, Consolidated Shoshoni Gold (CHJ-V) has acquired two new claim blocks.The AU claims adjoin to the east the Ice property of Expatriate Resources (EXR-V), where a…
Placer breaks pact with Gowest
Vancouver-based Placer Dome (PDG-T) has backed out of a deal with Gowest Amalgamated Resources (GWA-A) to acquire a stake in the McAlpine Lake gold property in northeastern Ontario.The property lies o…
Cumberland kicks off Meadowbank play
Richmond, B.C.-based Cumberland Resources (CBD-T) has approved the first phase of a $2.8-million exploration program on its 60%-owned Meadowbank gold project in the Northwest Territories.Work at the p…