New investor in Bakyrchik mine
The Bakyrchik gold mine in northeastern Kazakhstan has a new investor. Bakyrchik Gold PLC, created by Minproc Holdings of Australia and Chilewich International of New York, has acquired a 40% interest…
Articles by Northern Miner Staff
LAST BUT NOT LEAST — Portman options Sentinel ground
Shortly after acquiring an option on 72 claims in the Crescent Valley area of Nevada, Sentinel Resources (VSE) has vended the property to a third party. Portman Exploration (VSE) can earn a half inter…
Rio Algom cuts sulphides in fertile Bathurst camp
A new zone of massive sulphide mineralization has been intersected by Rio Algom (TSE) on Key Anacon Mines’ (TSE) property in the Bathurst camp of New Brunswick. Significant results include: 18.62 metr…
Vengold buying 20% stake in RTZ’s Lihir gold deposit
The stage is set for Venezuelan Goldfields (VSE) to acquire a 19.99% interest in the Lihir Island gold deposit in Papua New Guinea. Widely considered to be the world’s largest undeveloped gold resourc…
NEWS ROUNDUP — Tri Origin drills Sault property
Toronto-listed Tri Origin Exploration has begun a 2,000-metre program at its gold project 90 km north of Sault Ste. Marie, Ont. Previous trenching and diamond drilling defined a 4-km-long, gold-bearin…
Azco outlines Piedras tonnage
Based on 115 reverse circulation holes drilled in 1992 and 1993, Azco Mining (TSE) estimates its Piedras Verdes deposit near Alamos, Mexico, contains about 87.2 million tonnes grading 0.43% copper. Us…
Equinox assumes Rosebud ownership
Having bought a 51% interest from Lac Minerals (TSE), Equinox Resources (TSE) is now sole owner of Nevada’s Rosebud property. The company paid US$5.5 million for the interest, $3 million of which was …
Cazador optioning Farley Lake project
Under an option agreement, the Keystone joint venture is expected to acquire a 55.2% interest in the Farley Lake gold project near Lynn Lake, Man. (Keystone is a partnership of Cazador Exploration (VS…
EDITORIAL PAGE — Silence is not golden
There is something amiss in the diamond exploration game. It relates to the flow of information or, rather, the lack of it. Investors wait months for news of results. When drill results finally are an…
LETTERS TO THE EDITOR — Sarnoff replies: Don’t blame me
It was indeed good of you to tell your readers “Ignore Sarnoff’s diamond warning, exploration activity speaks for itself” (T.N.M., Aug. 2/93). Please permit me to speak for myself. When Dia Met made i…
PRODUCER PRICES (August 16, 1993)
ALUMINUM: MW U.S. market US56.75-57.5 cents per lb. (Aug. 5, 1993). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (June 11, 1992)…
Mill considered for Round Mountain
A mill capable of processing 8,000 tons per day of non-oxidized and high-clay ores is being considered for the Round Mountain gold mine in Nevada, Echo Bay Mines (TSE) reports. The company owns half o…