Energold proves up Dominican gold concession
Believing there is potential to double the current resource of 220,000 contained ounces, Energold Mining (EGD-V) has embarked on a minimum 50-hole drill program on the Higo gold concession in the Domi…
Articles by Northern Miner Staff
Kinross Gold boosts Goldbanks resource
Infill drilling by Kinross Gold (K-T) on the Main zone of the Goldbanks project, near Winnemucca, Nev., indicates a substantially larger gold resource than previously estimated.The new figure, estimat…
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 …
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…