Jerooy project shelved due to costs
The viability of the Jerooy gold project in the former Soviet republic of Kyrghyzstan is in question.MK Gold (NASDAQ) has decided the economics of the project will have to improve before it can procee…
Articles by Northern Miner Staff
COMMENTARY — Green extremists threaten New World
Crown Butte Mines’ New World gold-copper-silver project in Montana continues to grind through the permitting, legal and political process.As the Draft Environmental Impact Statement (EIS) nears comple…
Atlas, Phoenix deal
From a group of individual investors, Atlas (NYSE) has purchased 51% of the outstanding shares of Phoenix Financial Holdings (CDN).In return for US$1.3 million, it acquired 12.2 million shares, and co…
PRODUCER PRICES (December 25, 1995)
ALUMINUM: MW U.S. market US77.25 cents-78.25 cents per lb. (Dec. 8, 1995).ANTIMONY: MW New York dealer US$2.00-2.20 per lb. (Dec. 8, 1995).BISMUTH: MW New York dealer US$4.10-4.30 per lb. (Dec. 8, 199…
Booker Gold zeros in on breccia
Proceeds from a $1-million private placement will be used by Booker Gold Explorations (VSE) to continue drilling through the winter at its Hearne Hill copper-gold project, 65 km northeast of Smithers,…
Correction (December 18, 1995)
David Crombie, a director and senior officer of Inter-Rock Gold (ME), was incorrectly reported as having sold 21,400 shares at 94 cents-$1.04. He in fact bought 21,400 shares at that price.
NEWS IN BRIEF (December 18, 1995)
Agincourt Explorations (AGX:VSE) has changed its name to AGX Resources (AXS:VSE).
Redbird options Ontario properties
Alberta-listed Redbird Gold has entered option agreements to acquire properties in northwestern Ontario.One of these is near Sturgeon Lake, about 200 km northwest of Thunder Bay, and the other is clos…
Partners test Babs property for copper-gold
Northern Dynasty Minerals (VSE) and Pacific Sentinel Gold (VSE) will test the Babs property in north-central British Columbia for bulk-tonnage, copper-gold mineralization.The latter will pay the forme…
Proposed legislation could restrict processing options for Diamond Fields
The government of Newfoundland and Labrador has introduced legislation that could compel Diamond Fields Resources (TSE) to process its ore within the province.According to an explanatory note included…
ODDS’N’SODS — The undaunted Finlander
I have met and worked with many geologists during my tenure in mining. These much-respected professionals possess many outstanding characteristics, not the least of which is determination. One geologi…
Partners gain North Shore ground
Partners First Western Minerals (VSE) and Virginia Gold Mines (ME) have acquired three nickel-copper prospects northeast of Sept-Iles, Que.The properties, which occupy 23 sq. km, are near Magpie Lake,…