Curator estimates 15-22 years for Boleo
Preliminary plans show that the Boleo copper-cobalt project in Baja California, Mexico, could generate annual profits of US$170 million at a production rate of 15,000 tonnes per day.International Cura…
Articles by Northern Miner Staff
Results leave Corriente cold
Partial drill results from the Chama project in Peru indicate the presence of widespread but low-grade mineralization for Corriente Resources (CTQ-T).Drill holes 1, 2, 3, 5 and 6 were drilled in the s…
Richmont to acquire Louvem
Rouyn-Noranda-based Richmont Mines (RIC-T) has made a bid to take over Montreal-based Louvem Mines (LOV-T).Richmont’s bid is by way of an exchange for all the issued and outstanding shares of Louvem M…
William looks to boost output — Hedging program enables junior company to almost double revenue
After a year of involvement in acquisitions and takeovers, William Resources (WIM-T) is turning its attention to improving gold production.”We are now focusing on operations,” President Stan Bharti to…
Northern Orion inks deal
The Argentine subsidiary of Northern Orion Explorations (NNO-T) has entered into an option agreement with the Latin American subsidiary of Mincorp on the project known as El Dorado.The agreement requi…
DIAMOND NEWS ROUNDUP — Spider, KWG busy in Brazil
Joint-Venture partners KWG Resources (KWG-T) and Spider Resources (SPQ-A) have recovered lamproite indicator minerals from five samples taken from the Contendas structure in central Brazil.The samples…
Rux Resources signs agreement for Russia’s Vorontsovsk gold deposit — Junior must complete scoping study and examine social aspects
A letter of intent with two Russian companies sets the stage for Rux Resources (RUXR-c) to acquire a 49% interest in the Vorontsovsk gold deposit situated 400 km north of Yekaterinburg, Russia.Previou…
LETTER TO THE EDITOR — Ontario committed to regulatory reform
I am writing in response to the commentary on the Ontario regulatory process (T.N.M, May 12/97).I was quite disappointed to see such a portrayal of Ontario’s regulatory system in your publication. The…
DIAMOND PAGE — Ashton focuses on Roundrock play
Ashton Mining of Canada (ACA-T) will examine new indicator mineral targets on the Roundrock property in the Northwest Territories.Drilling last summer resulted in the discovery of the Aquila diamondif…
STOCK MARKETS — Vancouver composite drops below 1,000, ASE off as well — Mexican explorers Hemlock and Francisco fare well as El Misti Gold continues slide
The Vancouver Stock Exchange composite index lost 10.51 points over the report period ended June 3 to close at 990.08. The combined value of the Alberta Stock Exchange was also off, shedding 19.81 poi…
Westmin encouraged in Argentina
Encouraging drill results have been reported following the first season of drilling at the Fin Del Mundo project on the southern tip of Argentina. The 3,413-Metre program consisted of 18 holes.Situate…
SPOT PRICES (June 09, 1997)
Wednesday, June 4, 1997Price(US)Week’s ChangeGold*$342.40- $2.30Silver*$ 4.73…