Guyana hits gold in first hole
The first hole in a 4-hole program at the Peters mine property in Guyana intersected 52 ft. of gold mineralization grading 0.2 oz. per ton at a depth of 331 ft., reports property owner Guyana Goldfiel…
Articles by Northern Miner Staff
Yamana determined to bring home the Bacon — Drilling encounters high-grade silver at Argentine project
A second round of drilling has confirmed the presence of high-grade silver-gold mineralization at the Bacon prospect in the Patagonia region of southern Argentina’s Santa Cruz province.In an attempt t…
Companies (December 14, 1998)
Agnico-Eagle MinesAkrokeri-Ashanti Gold MinesAlmaden ResourcesAltius MineralsAmbrex MiningAmerican GemAnglogoldArgentina GoldAsia Pacific ResourcesAuspex MineralsAvalon VenturesBarrick Gold…
Meridian loses $8.2m
Analyst darling Meridian Gold (MNG-T) lost US$8.2 million (or 11 cents per share) in the third quarter as production and gold prices dropped and costs edged up.The company cranked out 52,620 oz. at a …
Pangea confirms high grade
The latest results from the Tulawaka project in Tanzania indicate that the high-grade gold mineralization discovered earlier this year is continuous, reports 70%-owner Pangea Goldfields (PGD-T).Pangea…
General Minerals hits high-grade copper
Drilling at the Escalones porphyry prospect in central Chile has encountered high-grade copper values for General Minerals (GNM-T).Results from the first drillhole suggest the deposit has the potentia…
Ambrex reassesses Aripuana
Resampling an old drill hole has led to the discovery of high-grade gold mineralization in oxides at the Aripuana polymetallic property in northwestern Brazil.Operator Ambrex Mining (AMBX-C) reports t…
NEWS ROUNDUP — Crown Butte mulls dissolution
The saga of the expropriated New World mine in Montana is nearing its end as owner Crown Butte Resources (CBL-T) seeks shareholder approval to dissolve the company.This past summer, the company receiv…
NAME CHANGE (December 14, 1998)
Brazilian Goldfields (BGF-V) has changed its name to Brazilian International Goldfields (BZ-V) on a 1-new-for-4-old-share basis.
INAP seeks solutions to acid drainage
Six Canadian companies are spearheading an effort to help control acid drainage at mining projects.Majors Placer Dome, Inco, Noranda, Teck, Rio Algom and Falconbridge are among 17 companies that forme…
Potash gets boost in Argentina
Argentina has been chosen as the site of a branch office of the Potash and Phosphate Institute of Canada.The new office, situated in Buenos Aires, is intended to improve access to South American marke…
MOST ACTIVE ISSUES (December 14, 1998)
ExchgVol(000s)HighLowCloseChangePlacer DomeT11470…