Cusac boosts production
Operating a gold mine proved a profitable venture for Cusac Gold Mines (CQC-T) in 1996.Higher production at its Table Mountain mine in north-central British Columbia resulted in earnings of $1.8 milli…
News
Band-Ore proves up Thorne project — Results from on-going drill program reveal high gold grades
Toronto-based Band-Ore Resources (BAN-T) has released more impressive drill results from its Thorne project near Timmins, Ont.Drills on the Golden River West zone hit 1.5 metres of 32.2 grams gold per…
LATIN AMERICA — KWG hits impressive gold vales in Cuba
Recent drilling is enabling junior to arrive at ore reserve calculation Reverse-circulation (RC) holes drilled by KWG Resources (KWG-T) on the Gaspar concession in central Cuba show impressive gold wi…
Partners extend gold zones at Tyranite mine
Partners Tyranex Gold (TXGI-C) and Mill City Gold Mining (MIY-V) have released diamond drill results from the Tyranite mine property near Gowganda, Ont.Each company owns a half interest in the project…
STOCK MARKETS — Bre-X’s collapse has domino effect on VSE juniors — Western markets may take months to recover as investors bail out of penny mining stocks
The ongoing confusion over Bre-X Minerals took its toll on almost all mining stocks on the Vancouver Stock Exchange during the report period ended April 1. The VSE’s composite index lost 121.82 points…
METAL PRICES — Daily Metal Prices (April 07, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateApr. 1Mar. 31Mar. 28Mar. 27Ma…
Nebex puts Albanian project on hold
The civil unrest that has enveloped Albania in recent weeks is taking its toll on foreign firms with investments there, including Nebex Resources (NBX-T), which has put all its operations on hold.The …
GEOLOGY 101 — Epithermal deposits, Part 1
This is the first instalment in a new feature in The Northern Mine, which will consist of 2-part articles. In the first part, we will examine the geologic formation of a particular type of deposit. In…
LATIN AMERICA — Minera Andes adds to Argentine holdings — More drilling planned for Pino Andino prospect
Minera Andes (MAI-A) has acuired four contiguous gold prospects totalling 7,200 ha in Argentina’s Mendoza province.The properties, collectively known as the Reyunos project, lie east of the company’s …
TSE INDICES (April 07, 1997)
1997Apr. 1Mar. 31Mar. 28Mar. 27Mar. 26HighLowComp…
LATIN AMERICA — Dayton reports boost in reserves at Andacollo — US$3.2 million budgeted for exploration
Dayton Mining (DAY-T) reports a 21% increase in minable reserves at its Andacollo gold mine near La Serena, Chile.The company added 257,000 oz. gold to proven and probable minable reserves (after dedu…
Adikann drill-tests gold property in Ghana
Junior Adikann Goldfields (ADK-V) reports encouraging results from drilling carried out on two portions of its Westbank concession in southwestern Ghana.* On the Treposo portion, six holes were drille…