Gibraltar options Chilean copper project
An exploration program is planned for the Fortuna de Cobre copper project in Chile, Gibraltar Mines (TSE) reports. Gibraltar’s wholly owned subsidiary, Compania Minera Gibraltar, has signed a letter o…
Articles by Northern Miner Staff
Gold Funds (December 12, 1994)
BGR Central Net Value $17.07 $6.50 Price $13.63 6.50 Discount 20.19% Premium 1.7% Value $136,557,000 $117,645,450…
STOCK MARKETS — Composite index continues downward slide
The Vancouver Stock Exchange composite and resource indexes continued their downslide for the report period ended Dec.6. The former fell 17.64 points to close at 737.84, while the latter finished at 1…
STOCK MARKETS — Lower gold price helps drag down TSE
A sagging gold price helped drag the TSE lower over the 5-day report period ended Dec. 6. The composite 300 index dropped 24.28 points to close at 4,079.44. The gold and precious metals sub-group lost…
ANC favors state ownership of mineral rights
South African President Nelson Mandela’s ruling African National Congress (ANC) has called for state ownership to replace private control of the country’s mineral rights. South Africa is currently the…
Exploration continues at Damoti Lake
At least 3,000 ft. of drilling is about to begin on the Toy gold property, north of Yellowknife, N.W.T. Gitennes Exploration (ASE) can earn a half interest from Tanqueray Resources (ASE) by spending $…
IGR advances projects in Ghana and Idaho
Toronto-listed International Gold Resources (IGR) has advanced several of its projects in West Africa and the U.S. In Ghana, the first phase of exploration drilling, totalling 40,000 ft., has wound do…
Rio Narcea explores Spanish prospect
Recent drilling has shed new light on the geology of El Valle, a gold project in northern Spain. Toronto-listed Rio Narcea Gold Mines now believes the Northern Block and West Breccia zones are connect…
Pacific Sentinel sizes up Casino
Junior Pacific Sentinel Gold (VSE) has released a reserve figure for its Casino gold-copper deposit in south-central Yukon. The potentially open-pit deposit hosts 119.3 million minable tonnes containi…
Labrador find sparks Inuit interest
Management of Diamond Fields Resources (TSE) has met with representatives of the Labrador Inuit Association to discuss development plans for the company’s Voisey Bay project on that region’s northeast…
Positive feasibility study for wollastonite project
A positive feasibility study has been completed on Orleans Resources’ (ME) wollastonite property in St. Onge Twp., Que. Kilborn Tecsult of Montreal carried out the study, which incorporated the result…
Black Pine drilling extends zone
A drilling crew at the Black Pine project in east-central Idaho has delineated more than 16,000 ft. of mineralized strike length. Property owner Formation Capital (VSE) has identified 13 zones along t…