Drilling begins at Adumasa project
A 2,000-Metre program of diamond drilling is under way at the Adumasa property in Ghana, a joint venture of Norcan Resources (NRE-V) and AMI Resources (AMU-V).The work will follow up on three prominen…
Articles by Northern Miner Staff
Bre-X files for protection from creditors — Directors resign as three exchanges delist stock
First, the gold project collapsed, then the share price. Now, Bre-X Minerals itself appears to be self-destructing.Following the damaging revelations of a technical audit on its Busang property in Kal…
Copper, lead prices affect Cominco’s earnings
While zinc prices were robust during the first quarter, copper and lead prices were not, resulting in a moderate decrease in earnings for Cominco (CLT-T).The company reported a profit of $21 million (…
Newmont receives approval for Batu Hijau
The government of Indonesia has granted Newmont Gold (NGC-N) a construction permit for the Batu Hijau copper-gold project on the island of Sumbawa.The last week has been a tense one for the Denver-bas…
Brandon gains option in Mexico
Brandon Gold (BG-V) can earn up to a 60% interest in the Guerrero concession, in the southern Mexican state of Guerrero.Under an agreement with Miranda Mining Development and Mexican-based Miranda Roy…
Canarc hits high grade in Suriname
Canarc Resource (CCM-T) has intersected high-grade gold mineralization in two separate areas on the Sara Kreek property in Suriname.Highlights of the recent phase-2 program include: hole EB-9705, whic…
Noranda signs on with Aripuana juniors — Major joins Ambrex, St. Genevieve and Ourominas in Brazil
The Aripuana base metals project in Brazil has attracted the attention of a Canadian major.Noranda (NOR-T) has signed a letter of intent to invest up to $28.9 million in Aripuana in order to gain up t…
LETTERS TO THE EDITOR — Let’s put Bre-X behind us
Considering that the Busang deposit of Bre-X Minerals is a bust, it is important for investors everywhere to reflect on a number of truths about the Canadian mining industry:* Mining helped found Cana…
Russian gold output slides as costs mount
Russian gold production is on the wane as a result of tension between industry and the government, according to the head of an association of prospectors in the country.Viktor Tarakanovsky of the Unio…
LETTERS TO THE EDITOR — Indonesian fraud with Philippine trimmings
As a career prospector who has developed projects in Canada over the past 15 years, I have only one thing to say about the Busang “deposit” in Indonesia: Good riddance.During the past two years, the s…
Gold price slows River’s plans
A lower-Than-expected gold price has forced River Gold Mines (RIV-T) to put off some of its development plans.The price was widely expected to rise to the US$400-per-oz. range in 1997 but has instead …
Noranda plans spending spree
Diversified major Noranda (NOR-T) plans to keep busy this year spending the money it had expected would be required for two acquisitions, which never materialized.Noranda unsuccessfully bid for the An…