Improvements made at Keystone
The Keystone gold mine in northern Manitoba is in the black. Equal partners Granduc Mining (TSE) and Black Hawk Mining (TSE) report that production between June 1 and Sept. 30 led to an operating prof…
Articles by Northern Miner Staff
Cominco Res. advances foreign projects
Ongoing programs in Turkey, Mexico and South America were highlights of this past year’s $19-million exploration program of Cominco Resources International (TSE). A 50-50 joint venture program with pa…
Kinross, Kassan focus on Tanzania
Two companies — Kinross Gold (TSE) and affiliated junior Consolidated Kassan Resources (VSE) — have completed a share purchase and option agreement with East African Mines (EAM), a private company t…
Partners secure Refugio financing
Banks have agreed to finance the Refugio gold project in northern Chile. Chilean approval for the drawdown of a US$85-million gold loan is expected before the new year. The capital cost is estimated a…
Placer Dome gold discovery in Costa Rica
A gold discovery speculated to have multi-million-ounce potential appears to have triggered a “Canadian-style claims rush in Costa Rica. The interest was sparked by reports that Placer Dome (TSE) was …
Galena Giant drilling results are disappointing
Drill results from the Galena Giant property in northern Montana were not as good as hoped. Vancouver-listed partners Wealth Resources and Arbor Resources previously reported the presence of copper su…
Western Troy drilling Wagg prospect
Diamond drilling is under way on Western Troy Capital Resources’ (ASE) Wagg gold prospect near Nestor Falls, Ont. The program will total 3,000 ft., with six holes totaling 1,072 ft. having already bee…
Positive study for Andacollo
Management of Canada Tungsten (TSE) plans to develop the Andacollo copper property in Chile, with the red metal to be recovered by solvent-extraction electrowinning. The Vancouver-based company (now h…
EXPLORATION ’94 — Stock markets cool after heady start in
Canadian stock markets, which roared early in the year, displayed renewed vigor during the summer and into autumn before cooling again in late October. The Toronto Stock Exchange set a new milestone O…
EXPLORATION ’94 — NAM bullish on Great Bear potential
An aggressive $5.5-million program has resulted in the discovery of new zones of gold mineralization at the Golden Bear mine property in northwestern British Columbia. The 35,200-hectare property, own…
EXPLORATION ’94 — Bre-X awaits results from Busang
As the discovery of large-tonnage deposits becomes more and more difficult to pull off within Canada’s traditional mining camps, many companies are opting to seek out less-trodden areas abroad. Such i…
Mixed results for Pegasus
Higher revenues were somewhat offset by higher cash operating costs and lower total gold production for Pegasus Gold (TSE) during recent months. For the third quarter, Pegasus earned US$832,000 on rev…