LME WHSE LEVELS (August 31, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Aug. 24/98 (change from Aug. 17 in brackets):MetalStocks(tonnes)Change…
Articles by Northern Miner Staff
Pure Gold arranges financing
Diamond explorer Pure Gold Minerals (pug-t) has arranged a private placement of 2 million units priced at 25 cents each. The financing is expected to raise gross proceeds of $500,000.Each unit will co…
DIAMOND PAGE — Diamond Fields sampling concessions in Namibia
Unlisted Diamond Fields International will use part of a US$3-million financing to conduct a sampling program at its diamond concessions in Namibia.The work will be financed with proceeds from a priva…
DIAMOND PAGE — Program aims to boost potential of Jericho project
Operator Lytton Minerals (LTL-T) and partner New Indigo Resources (NDR-A) are hoping to enhance the potential of their Jericho diamond project in the Northwest Territories.A summer exploration program…
Electra to rent Ming’s mill
Vancouver-based Electra Mining (ELT-V) plans to carry out a bulk-sample test of gold-bearing tailings owned by its subsidiary near Baie Verte, Nfld.The junior agreed to pay Ming Minerals, a 70%-owned …
Ruby Hill new jewel for Homestake — Additional deep resource augurs well for mine life
The development of the Ruby Hill gold mine in central Nevada has been nothing if not speedy. Homestake Mining (HM-N) went from initial permitting in early 1995 to government approval in less than 24 m…
Aber boosts resource at Diavik diamond project
Aber Resources (ABZ-T) and Diavik Diamond Mines, a division of Rio Tinto (RTP-N), have tabled an updated resource estimate for the Diavik project, 300 km northeast of Yellowknife, N.W.T.The resource, …
Millstream drills test Potter
Junior Millstream Mines (MLSM-C) reports that a newly drilled deep hole at its Potter property near Matheson, Ont., has confirmed the continuity of a copper-zinc-cobalt zone.Hole 98-6 intersected two …
Companies (August 31, 1998)
Aber ResourcesAmbrex MiningAur ResourcesBHPBMR GoldBolidenBreakwater MiningCaledonia MiningCanreos MineralsChina Clipper Gold MinesCogema ResourcesCondor International ResourcesCornucopia ResourcesCry…
BHP backs nickel search
First Australia and Indonesia, then New Caledonia, and now China. The list of countries vying to lure North American companies to explore and develop nickel deposits continues to grow, adding to fears…
Raiders target Rayrock
In bear markets, some companies are worth more dead than alive. That appears to be the hard-nosed rationale behind Quest Ventures’ effort to gain control of Rayrock Resources (RAY-T), in which it hold…
EDITORIAL & OPINION — ODDS ‘N’ SODS — Making the grade
I became an assistant mine inspector on March 1, 1916, at which time I moved my family to Sudbury.I was prepared to take it easy for a few days, but on my first day, before breakfast, Tom Sutherland, …