Ethiopia seeking mineral investment
After 17 years of socialist rule and an ensuing civil war, the transitional government of Ethiopia is instituting a number of policies aimed at improving the political, social and economic sectors of …
News
Clarification (November 14, 1994)
In its issue of June 14, 1993, The Northern Miner published an article on the first and second pages under the headline “Gold values elusive at Oregon exploration property.” The article contained refe…
ODDS’N’SODS — Optimism knows no bounds
In 1966, New Senator Mines drilled a wildcat exploratory hole in a churchyard in the beautiful village of Margaretsville on the Bay of Fundy in Nova Scotia. On the first day that the drill rig was bei…
EDITORIAL PAGE — Base metals in spotlight
Base metals have been the wallflowers of the mining industry for much of the past decade, taking a back seat to gold, and even, for a time, attracting less investor interest than the pursuit of Canadi…
Feasibility study on track for Loma de Hierro
Gold is not the only commodity of interest to mining companies active in Venezuela. Jordex Resources (TSE) recently announced interim results from a feasibility study on its Loma de Hierro nickel late…
THE DIAMOND PAGE — BHP sampling Diamond Field’s Namibian sea
BHP Minerals has begun reconnaissance drilling and sampling on Diamond Fields Resources’ (TSE) 660-sq.-km marine diamond concession near Luderitz, Namibia. The sampling follows a geophysical survey by…
NEWS IN BRIEF (November 07, 1994)
Pentland Firth Holdings (PFO:ASE) has changed its name to Pentland Firth Ventures (PFO:ASE) on a share-for-share basis.
Correction (November 07, 1994)
All of Pangea Goldfields’ (TSE) Tanzanian gold projects are either wholly owned or optioned from local companies. Production from the properties is subject to a 3% net smelter return royalty payable t…
Kidd Creek extension sought
Junior McChip Resources (TSE) intends to explore 37 unpatented claims in northeastern Ontario’s Reid Twp. An independent report states the property is in an area which could potentially host an extens…
GOLD FUNDS (November 07, 1994)
BGR Central Net Value $18.31 $6.74 Price $14.88 $6.875 Premium 2% Discount 18.76% Value $148,595,000 $124,432,688…
Major Gen. hits massive sulphides
The first hole of a drilling program at the Rendell-Jackman project in Newfoundland intersected 38 metres of zinc-lead-copper massive sulphide mineralization. Major General Resources (VSE), owner of t…
Nunaoil discovers Greenland gold
Danish-based Nunaoil A.S. has struck gold on the island of Storo, in the Nuuk region of Greenland. Sampling delineated a gold-mineralized structure in Archean supracrustal rocks. The mineralized zone …