NovaGold Res. restructures loan
An agreement has been reached between Nova Gold Resources (TSE) and its banker, National Bank of Canada, that will allow the former to restructure a $1.9-million loan.The loan was incurred by NovaGold…
Articles by Northern Miner Staff
Laminco tests Luz del Cobre
Junior Laminco Resources (TSE) is set to proceed with hydrogeological tests on the Luz del Cobre copper deposit at its San Antonio project in Mexico’s Sonora state.Plans for developing Luz del Cobre a…
Diamond Fields hits massive sulphides at Eastern Deeps area
The Eastern Deeps of Voisey Bay may be less accessible than the near-surface ovoid zone, but the mineralization now appears to be equally rich.Diamond Fields Resources (TSE) has passed the 200 mark in…
Lack of water halts NDT drilling
A lack of water has forced NDT Ventures (VSE) to suspend drilling on the Project 52 joint venture with Primero Industries (VSE), about 45 km southwest of Nain, Labrador. The first hole of a proposed 3…
PRODUCER PRICES (November 27, 1995)
ALUMINUM: MW U.S. market US76.5 cents-77.5 cents per lb. (Nov. 17, 1995).ANTIMONY: MW New York dealer US$2.30-2.50 per lb. (July 14, 1995).BISMUTH: MW New York dealer US$4.00-4.20 per lb. (Oct. 13, 19…
Hecla writes down Grouse Creek interest
The third-quarter operating results of Hecla Mining (NYSE) include a nonrecurring asset writedown of its entire 80% interest in the Grouse Creek gold mine in central Idaho.Great Lakes Minerals (TSE) o…
GREATEST VALUE TRADED, NOV. 15-21 (November 27, 1995)
Value($000s)HighLowCloseChange Barrick Gold T141077$35 1/833 3/835+1 1/2Placer Dome T113431$33 1/831 1/232 5/8+7/8BRE-X Mnrl A110167$5543 1/853+3 1/8Inco Ltd T94578$50 46 …
Stormy weather stalls CSR drilling
Due to “extremely severe” weather conditions, the Canadian States Resources (CDN) drill crew working 80 km northwest of Voisey Bay has discontinued drilling.The company plans to resume drilling as soo…
Patrician reports bright results from African projects
Exploration results from its African projects continue to foster optimism for Patrician Gold Mines (ASE).The bulk of the work, comprising geochemical sampling and airborne surveys, was carried out on …
Corrections (November 27, 1995)
Incorrect information appeared in the Insider Trading column of our Nov. 20 issue. The reference to TVI Pacific director Clifford James should have read that he was granted 300,000 options at 94 cents…
Meetings (November 27, 1995)
MEETINGSDec. 4, Banff Dec. 4, Glen AudenDec. 4, Rangeland Dec. 4, Rosebay Dec. 4, Shakwak COMING EVENTSDec. 5-8 Northwest Mining Association — “Int’l Convention & Exposition.” Spokane Hotel, Spokane,…
Manitoba cheers New Britannia opening
Second-hand hoists, second-hand mill. The New Britannia mine, which officially opens this week, has both. Scouring the mining industry’s garage sales for bargains is one way to keep capital costs down…