Nelson eyes suspended gold mine
In its first venture outside the Commonwealth of Independent States, Nelson Gold (NLG-T) is looking to acquire a majority interest in the suspended Kalana gold mine in Mali, West Africa.Nelson recentl…
Articles by Northern Miner Staff
Gold price weakens performance of Royal Oak
Royal Oak Mines (RYO-T) reported a first-quarter loss of $8.1 million, compared with earnings of $1.4 million for the same period last year.Gold production for the first three months of the year total…
Drilling extends Toms zone
A drill program by Tri Origin Exploration (TOE-T) has doubled the length of mineralization associated with the Toms zone on the Lewis Ponds property in New South Wales, Australia.The company says hole…
Glencairn to gain stake in Santa Maria property
Junior Glencairn Explorations (GLJ-A) will acquire a private company’s interest in the Santa Maria gold property in Mexico’s Chihuahua state.The private company, Six Gill Minerals, currently holds a 2…
KazMinCo releases resource estimate for Samarskoye copper-gold deposit — Negotiations concluded for development terms and conditions
Based on the results of a prefeasibility drilling program totalling 27,000 metres, Kazakhstan Minerals (KMC.U-T) has reported a preliminary resource estimate for the Samarskoye porphyry deposit in cen…
Vogel property shapes up for Kinross, Black Hawk — Drilling indicates mineralized structures persist
The Vogel property, about 15 km east of Timmins, Ont., may be shaping up as an important part of the future for the Hoyle Pond mine of Kinross Gold (K-T).Kinross recently finished a $1-Million program…
ASIAN EXPLORATION — Cameco Gold forms alliance with Menzies Gold
Cameco Gold, a wholly owned subsidiary of Cameco (CCO-T), is zeroing in on gold exploration opportunities in Southeast Asia by forging an alliance with Menzies Gold (MZG-AUS) of Australia.The two comp…
Tenke signs deal with Zairian rebels
Despite the recent political upheaval in the former Zaire, Tenke Mining (TNK-T) has secured its rights to one of the largest, undeveloped copper deposits in the Central African nation.The company rece…
Gold system found at Las Flechas in Argentina
Drilling at the northwestern Argentine project known as Las Flechas may have encountered the edge of a large, high-sulphidation, epithermal gold-bearing system.Comprising 30,229 ha in the Andes, the p…
DIAMOND PAGE — Ashton to drill Mountain Ash
A drill program by Australian-based Ashton Mining will test the Mountain Ash diamond project in South Africa.The project is a joint venture held 51% by Ashton and 49% by Mountain Lake Resources (MOA-V…
TORONTO STOCK EXCHANGE INDICES (May 26, 1997)
1997May 20May 19May 16May 15May 14HighLowComposit…
Flooding hampers development at Caribou
An inflow of water has temporarily halted development work at the Caribou polymetallic mine in New Brunswick.Breakwater Resources (BWR-T) reports that water entered the former producer from a nearby o…