Rio Narcea hits high grade in Spain
Encouraging results from drilling at El Valle, a gold deposit in northern Spain, are reported by Rio Narcea Gold Mines (RNG-T).Hole Val-107, which tested the northern part of the Black Skarn target, e…
Articles by Northern Miner Staff
Grayd Resource drills Dry Creek deposit
At the Dry Creek massive sulphide property, 55 miles southeast of Fairbanks, Alaska, Grayd Resource (GYD-V) is busy with a $1.5-Million program of exploration.The company is targeting the Red Mountain…
Partners declare Stenpad values unreliable
“Unreliable” is how joint-Venture partners Golden Rule Resources (GNU-T) and Hixon Gold Resources (HXG-V) are describing the trenching and soil-sampling values from their previous work at the troubled…
Silverado to buy La Teko’s Ryan Lode — Companies sign Alaskan agreement worth US$12 million
Silverado Mines (GOLDF-Q) will buy the Ryan Lode gold deposit near Fairbanks, Alaska.Over five years, Silverado will pay US$12 million to the vendor, La Teko Resources (LAORF-Q), in return for 63 fede…
Phelps Dodge records profit for quarter
With increased earnings per share resulting from an extended share buy-back program, Phelps Dodge (PD-N) reported a profit for the second quarter of 1997.The major earned US$134.8 million (or US$2.16 …
Rio Algom, Inmet expand Antamina deposit
Once again, partners Rio Algom (ROM-T) and Inmet Mining (IMN-T) have boosted the resource estimate of the Antamina copper-zinc deposit in Peru.The total in-pit resource is now pegged at a minimum of 5…
DIAMOND PAGE — Trivalence increases production in Guinea
Junior Trivalence Mining (TMI-V) reports an increase in test-phase diamond production at its Aredor diamond concession in Guinea, West Africa.In June, the company processed 20,203 tonnes of alluvial m…
Homestake eyes Polish potential
Homestake Mining (HM-N) can earn a minimum 75% interest in several gold properties in western Poland controlled by FX Energy, an oil and gas firm based in Salt Lake City, Utah.Homestake will spend US$…
ConSil increases Mexican resource
Idaho-based ConSil (CS-V) will buy the assets of Minas la Colorada, a Mexican company which owns two silver mines in Zacatecas state.ConSil reached the agreement with the principal shareholders of Min…
ODDS ‘N’ SODS — Mission: Impossible
Mining properties with mineral grades a little too low for comfort are not new.In fact, The Northern Miner reported on a property with, as it turned out, low grades sometime in the late 1950s or early…
DIAMOND PAGE — Botswana finances African projects — Water Fissure program near completion
Funds from a warrant offering are allowing Botswana Diamondfields (BWD-V) to continue exploring several of its diamond projects in Botswana and South Africa.The company raised $9.6 million through the…
DIAMOND PAGE — SouthernEra sells first Klipspringer gems — More Angolan diamonds also sold
SouthernEra Resources (SUF-T) has completed the first sale of diamonds from its Klipspringer project in South Africa’s Northern Province.The company will receive US$573,662 from the sale of a parcel t…