Golden Knight Res. takes quarterly loss on chin
Higher exploration and administrative costs, combined with a writedown of the Comidok property in West Africa, have resulted in a third-quarter loss for Golden Knight Resources (GKR-T).While revenue l…
Articles by Northern Miner Staff
EXPLORATION ROUNDUP — Diadem Res. drills in three countries
With drilling programs under way in three countries, Diadem Resources (DIR-M) expects to be generating a steady stream of results from base metal projects in Quebec, a diamond project in California an…
EXPLORATION ROUNDUP — Avalon exploration portfolio made to order
Though it has captured more attention with its involvement in the Mazenod Lake play in the Northwest Territories, Avalon Ventures (AVL-V) holds a portfolio of properties that play directly to the comp…
West African Mining explores for gold deposits in Ghana
At a time when it is expanding its land holdings in Burkina Faso, West African Mining (SMF-E) is also drilling its Teleku-Bokazo gold property in neighboring Ghana.The Quebec-based junior can acquire …
EXPLORATION ROUNDUP — Australians go head-to-head with Canadian juniors
Australian-based resource companies have watched with envy as their North American counterparts raised millions of dollars to acquire and explore mineral projects in every corner of the globe. Now, so…
EXPLORATION ROUNDUP — Barrick Gold to gain half of Ligneris gold project
Toronto-based Barrick Gold (ABX-T) will take over a 50% interest in the Ligneris gold project in northwestern Quebec. The interest is currently held by Placer Dome (PDG-T).Barrick plans to launch a $5…
EXPLORATION ROUNDUP — Redbird Gold sets its sights on Albanian mineral prospects
Junior explorer Redbird Gold (RBD.A-A) has set a date for its shareholders to consider the takeover of two Albanian mining companies. In the meantime, the trading of Redbird’s shares has been halted b…
EXPLORATION ROUNDUP — Gold potential strong in historically prospective Slovakia
Slovakia, the small Eastern European country whose gold production helped finance the various empires to which it belonged over the centuries, still has much gold to offer. Now, with the Warsaw Pact d…
EXPLORATION ROUNDUP — Underground development begins at Bulyanhulu gold project
As diamond drilling continues to explore the huge Bulyanhulu gold deposit in Tanzania, Sutton Resources (STT-V) has started an independent study of underground development.Sutton holds an 85% interese…
Expansion at Sao Bento mine — Eldorado Gold exemplifies Canadian efforts in Brazil
Following its recent merger with exploration affiliate HRC Development, Eldorado Gold (ELD-T) has climbed into fifth spot among landholders in Brazil, behind state-owned Comphania Vale de Rio Doce, RT…
FACTS’N’FIGURES — Gold demand stays high
Aggregate gold demands in the markets monitored by the Geneva-based World Gold Council reached 655 tons in the third quarter of 1996, just 2% below the record high of 668 tonnes for the corresponding …
Goldcorp makes new bid for Wharf Resources
Toronto-based Goldcorp’s (G.A-T) bid for subsidiary Wharf Resources (WFR-T) has received a lukewarm vote of confidence from Wharf’s independent directors following a valuation of the company.Wharf’s d…