Ecuadorian resumes drilling Gaby
An increase in the estimated gold resource of the Gaby deposit in Ecuador has prompted Ecuadorian Minerals (TSE) to resume drilling.The estimate more than doubled to 3.5 million oz.More than 10,000 me…
Articles by Northern Miner Staff
Royalstar begins work program at King of Kings gold property
Royalstar Resources (VSE) has begun drilling its King of Kings (formerly Garrison) gold property in southwestern Montana, and early results are encouraging.Hole RK-1, drilled at an angle, encountered …
Facts & Figures — Saskatchewan property assessment to be updated
Assessment and tax policy for Saskatchewan will soon receive its first major overhaul in 30 years.Earlier this month, the provincial government released a report on proposed changes to the property as…
EDITORIAL PAGE — Underground at Carlin
Back in the early 1960s, Newmont Gold made the first gold discovery in the high desert near Elko, Nev. By 1965, the Carlin mill and open-pit mine were operating, and during that year the operation pro…
China’s growing zinc exports create marketing ramifications
The large volume of zinc exported by China in 1993-94 contributed to an intense depression in world prices for the metal, according to CRU International.Exports were also high in early 1995, but they …
NWMA laments layoffs, land use rift
Members of the Northwest Mining Association (NWMA) gathered recently in this western city to attend the 101st annual meeting and speculate on the future direction of the mining industry.For many of th…
Brascan to sell control of Westmin
A proposed unit offering through an underwriting group will raise almost $70 million for Westmin Resources (TSE) and allow Brascan to sell its 35.9 million shares of the Vancouver-based mining and exp…
Metal Prices — FREE MARKET (December 18, 1995)
London Metal ExchangeSpot closing prices in $US per tonneDateDec. 12 Dec. 11Dec. 8 Dec. 7 Dec. 6Copper2955-2960 2994-29952965-29702978-29832970-2975Lead736-737 744-746740.5-742.5737.5-738…
Drills turning at Morgain’s Horwood
A surface gold showing, discovered in October, is being drill-tested at the Horwood Twp. property of Morgain Minerals (VSE).Meanwhile, geophysical surveys have resulted in the discovery of an anomaly …
Granges sets budget for 1996 exploration
Exploration spending by Granges (TSE) is expected to total US$6.1 million next year.The company plans to spend US$2.5 million in Nevada and US$1.3 million in South America. A further US$2.3 million wi…
Investment Commentary — Cash flow suggests Granges undervalued
With cash flowing steadily from its Crofoot-Lewis mine and exploration plans taking shape in Nevada and South America, Granges (TSE) is “seriously undervalued.”So argues David Williamson Associates, a…
Casmyn expands ground in Zimbabwe
Casmyn, which trades over the counter, has signed two option agreements for gold properties in south-central Zimbabwe.One of the deals was made with Zimbabwe-based Olympus Gold Mines, which owns a 690…