ODDS’N’SODS — Zambia-bound
I chose to become a mining engineer because I felt it would afford the best opportunity to travel. When, some time ago, I was invited to be interviewed by RST International, which held an interest in …
Articles by Northern Miner Staff
STOCK MARKETS — Gold nosedives yet TSE stays afloat
The Toronto Stock Exchange rose fractionally during the trading period Dec.30-Jan. 7, though gold issues dived as precious metal prices fell drastically. The TSE 300 composite index rose 44.26 points …
GREATEST VALUE TRADED, 1996
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Northern Crown steps up work in Guadalupe
Over the course of 1997, Northern Crown Mines (NCW-V) will spend $7 million proving up its Guadalupe de los Reyes gold-silver project in Mexico’s Sinaloa state.Comprising 59 sq. km, the land package i…
Formation buoyed by Black Pine results
Limited follow-up drilling at the Black Pine cobalt-copper-gold project in Idaho has returned encouraging results for Formation Capital (FCO-T).To test previously discovered exhalative, stratabound mi…
INVESTMENT COMMENTARY — Star performer Aurizon expected to reach new production levels in ’97
A reserve of working capital, combined with a solid past performance, suggests that Aurizon Mines (ARZ-T) can look forward to a good year, according to analyst Donald Poirier of McDermid St. Lawrence …
Rift Resources acquires prospecting licences in Uganda and Ethiopia
Rift Resources (RIF-V) is making inroads in East Africa. The Toronto-based junior has been granted a prospecting licence in Uganda and an exploration licence in Ethiopia.The prospect in southwestern U…
Inter-Rock pours gold from Daisy mine
Toronto-based Inter-Rock Gold (IRO-T) has poured its first gold from the Daisy mine in Beatty, Nev.The gold, totalling 439 oz., was poured at Rayrock Yellowknife Resources’ (RAY-T) Marigold mill in no…
Canadian mining companies curb overall emissions
The Mining Association of Canada (MAC) reports that 31 of its member companies have reduced their emissions of 12 major substances by 68% since 1988.These reductions are close to the 71% target origin…
Dakota Mining and USMX announce merger proposal
Two Denver-based companies — Dakota Mining (DKT-X) and USMX (USMX-Q) — are expected to merge.Under an agreement-in-principle, shareholders of USMX will receive one share of Dakota for every 1.1 shar…
Highlands to sell Porgera to Placer Dome
Australian-based Highlands Gold has struck a US$250-million deal with Placer Dome (PDG-T) to sell its 25% interest in the massive Porgera gold mine in Papua New Guinea.Highlands, formed under Papua Ne…
Yamana Res. strikes gold at Argentine play
Drilling at the Martinetas property in southeastern Argentina has yielded significant epithermal gold mineralization for Yamana Resources (YRI-T).Two of six targets were tested, and assays for the fir…