Bre-X founder dies
David Walsh, the stock promoter behind the meteoric rise of disgraced junior Bre-X Minerals, died June 4 at age 52 following a massive stroke.Walsh was admitted to a Bahamian hospital May 31 and had b…
News
EDITORIAL — Fire-assay checks should be prescribed — Lessons learned the hard way
In early 1994, the salting gang at the Busang ounce factory in Kalimantan realized that the coarse placer gold they were adding to drill-core samples caused “reproducibility problems” between duplicat…
MINING MARKETS & INVESTMENT NEWS — QUERY — Aurlot transformed into Black Pearl
As a long-time subscriber to The Northern Miner, I know that in the past you answered questions on mining companies that are seemingly defunct. I would very much like to know what has happened to Cadi…
Sutton tables feasibility for Bulyanhulu
The final stamp of economic approval has been given to Sutton Resources’ (STT-T) 85%-held Bulyanhulu gold project in Tanzania.The final feasibility study for Bulyanhulu was prepared by Kilborn Enginee…
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — Juniors seeking NWT diamonds fare well
The Vancouver Stock Exchange mining index fell below the 400 level during the June 10-16 report period, losing 34.63 points, or 8.2%, to close at 387.97. The composite index was down 42.91 points, or …
Etruscan lures Anglo to Tiawa
Having parted ways with Placer Dome (PDG-T), junior Etruscan Resources (EET-T) has enlisted South African-based mining house Anglo American to help develop its Tiawa gold concession in western Niger.T…
GOLD FUNDS (June 22, 1998)
Gold Funds as of June 11, 1998BGRCentralNet Value$13.85$5.92Price$10.25$5…
NEWS IN BRIEF (June 22, 1998)
Arlo Resources (ARD-V) has changed its name to International Arlo Resources (ARD-V) on a 1-new-for-5-old-share-basis.
Blue Emerald gears up for drilling
Blue Emerald Resources (BER-V) is set to begin a 1,000 metre reverse-circulation drill program at its 6,400-ha Quebrada de Oro property in northern Nicaragua.The 6-hole program is designed to test thr…
Leader Mining plans merger with Ariel —
Ariel’s previous merger attempt derailed after due diligenceCalgary-based junior Leader Mining International (LMN-A) is attempting to leap from explorer to producer by acquiring Ariel Resources (AU-T)…
Sample tampering cited as likely at Bumbat-West project
A year ago, after a site visit to the Bumbat and Bumbat-West gold projects in Mongolia, The Northern Miner reported that “possible tampering” might explain why Mongolia Gold Resources (MGR-V) was unab…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — SouthernEra gets boost from diamond deal
A weakened dollar and continued instability in Asian markets contributed to the Toronto Stock Exchange 300 index’s loss of 391.72 points in the report period June 10-16. The index ended the period at …