Goldbelt drilling in Kazakhstan
In central Kazakhstan, Goldbelt Resources (GDB-V) has started drilling on the Kakbit massive sulphide and Ozemy copper porphyry targets.The Kakbit, wholly owned by Goldbelt, is 20 km southeast of the …
Articles by Northern Miner Staff
DIAMOND PAGE — Nora stones exceed Ghanaian standard
An independent report indicates that diamonds found at the Kade concession in Ghana are of better quality than most found in that country, says property owner Nora Explorations (NXI-M).Only 10% of the…
Midas resource rises to 2.5 million oz. gold
With eight drills working at the Rex-Grande zone on the Midas property in northern Nevada, partners Franco-Nevada Mining (FN-T) and Euro-Nevada Mining (EN-T) have estimated a total resource of 2.5 mil…
DIAMOND PAGE — Namibian Minerals raises $17m
By issuing 2 million special warrants, Namibian Minerals (TSE) has raised $17 million for exploration and development of its diamond concessions off the coast of Namibia.Each special warrant, sold for…
MOST ACTIVE ISSUES, June 26-July 2
ExchgVol(000s)CloseIndochina GldfT551911.20TVX Gold IncT…
STOCK MARKETS — Western markets take a holiday breather
Over the holiday-shortened report period ended July 2, the Vancouver Stock Exchange composite index closed down 26.85 points at 1,226.19, while the resource index fell 70.15 points to finish at 2,196….
Gold Funds (July 08, 1996)
Gold Funds as of June 27, 1996BGRCentralNet Value$23.76$6.46Price$18.70$6…
VenCan moves into central Honduras
Junior VenCan Gold (VCG-M) has acquired an exploration concession, featuring several old workings, near the mining town of El Rosario in central Honduras.This month, VenCan will map and sample the Opo…
Cyprus and Amax sign Russian deal
Cyprus Amax Minerals (CYM-N) and Amax Gold (AU-N) have formed a joint venture with several Russian groups to develop the Vorontsovka gold deposit, on the eastern flank of the Ural Mountains.Cyprus and…
Uzbeks open door to investment
On a recent swing through Colorado, the president of Uzbekistan, Islom Karimov, announced that his country is soliciting bids for a group of properties in the Central Asian country. Up for bid are sev…
Museum, Hall of Fame find home in Elliot Lake
In a ceremony that attracted 150 representatives of industry and government, the Canadian Mining Hall of Fame was re-established in this historic uranium producing town.The ceremony was marked by emot…
EDITORIAL PAGE — Metals demand in the next century
Before the discovery of the Voisey’s Bay deposit in Labrador, nickel was not a common exploration target of junior companies. Now it appears to be one of the most sought-after metals in the world, wit…