Lyon Lake aborts Beta Vargas mine
Citing the weak gold market, Lyon Lake Mines (LLL-M) has suspended mining at its Beta Vargas open pit in Costa Rica, though heap-leaching is continuing.Despite this setback, Lyon Lake says it plans to…
Articles by Northern Miner Staff
America Mineral Fields deals for Russian diamond properties
America Mineral Fields (AMZ-T) has picked up interests in two diamond licences in northern Russia.AMF can obtain, from a Russian-based company, a 40% interest in each of the licences, which are under …
Meridian gives green light to El Penon
On the heels of a new discovery at the El Penon project in northern Chile, Meridian Gold (MDG-N) has decided to proceed with development of a combined open-pit/underground mine.The Reno, Nev.-based co…
BHP, Orion advance Agua Rica to feasibility
Having kicked off a 1-year, US$8.4-million work program, BHP Copper and Northern Orion Explorations (NNO-T) are well on the way to completion of final feasibility work on the Agua Rica porphyry projec…
Companies (July 20, 1998)
Abcourt MinesAber ResourcesAmerica Mineral FieldsArabian Shield DevelopmentArchangel DiamondArgentina GoldAsia MineralsAtna ResourcesAur ResourcesBarrick GoldBolidenBolivar GoldfieldsBroken Hill Propr…
Northair targets Venturina for bulk-tonnage potential (July 20, 1998)
Geological mapping and sampling continue to confirm and expand on a potential bulk-tonnage gold-silver target at the Venturina property in the northern Mexican state of Chihuahua.International Northai…
PEOPLE – Patricia
Richard Sutcliffe appointed CEO and director; C. Nigel Lees and Donald Ross appointed directors.
Uzbekistan to sell plant
The government of Uzbekistan is placing almost half of Almalyk Integrated Mining & Metallurgical on the auction block.Under the proposed privatization, the first of its kind in the former Soviet repub…
MINING MARKETS & INVESTMENT NEWS — Nelson to proceed with offering
Proceeds from a rights offering by Nelson Gold (NLG-T) will be used to repay a loan.The purchase of four rights will entitled holders to purchase one common share at 27 cents until July 27, 1998. The …
Index (July 20, 1998)
Book ReviewCareersClassifiedDiamond PageDrillersEditorialFacts’n’FiguresInsider TradingListings & FinancingsMetal PricesMining Markets and Investment NewsObituaryOdds’n’SodsPeopleProfessional Director…
DIAMOND PAGE — Archangel seeks to resolve dispute at Verkhotina project — Funding for Russian project suspended pending compliance of local joint-venture partner
Archangel Diamond (AAD-V) says it will take its dispute with its Russian partner to an international arbitrator if a resolution is not reached soon.The Vancouver-based company is seeking to have the e…
Focal expands presence in Nicaragua
Focal Resources (FCJ-A) has increased to 100% its working interest in three exploration properties in Nicaragua, following an agreement with High River Gold Mines (HRG-T).* The Rio Siquia property is …