Platinova considers reopening mine
Greenland-based Platinova (pas, pva.s-t) is evaluating the feasibility of mining pillars from the abandoned Black Angel zinc-lead-silver mine on that country’s western coast.From 1973 until its closur…
Articles by Northern Miner Staff
STOCK MARKET — Toronto composite index recovers strength as index rises — Base metals fare well; signs of life on the Bre-X Minerals front
Rebounding from a 2-week slump, the Toronto Stock Exchange 300 composite index gained a healthy 111.82 points (or 1.9%) over the report period ended April 22 to close at 5,855.37. Due in part to the w…
Ashton increases holdings in Buffalo Hills
Encouraged by its recent discovery of 11 kimberlite bodies in the Buffalo Hills area of north-central Alberta, Ashton Mining of Canada (ACA-T) has acquired a position in an additional 21-Million-Acre …
Rea proves up Centennial gold deposit in east Nevada
Initial results from confirmation drilling have verified the presence of gold mineralization at the Centennial deposit of the Mt. Hamilton mine in eastern Nevada.Rea Gold (REO-T) reports that the prog…
Cathedral puts Sterling gold mine on hiatus
Low levels of minable oxide reserves and the current gold price have induced Cathedral Gold (CAT-T) to suspend mining at its 90%-owned Sterling gold mine near Beatty, Nev.The remaining 10% interest is…
Falconbridge joins Labrador nickel search
Having lost the only “sure-Thing” nickel project in Labrador — Voisey’s Bay — to arch-rival Inco (N-T), Falconbridge (FL-T) has decided to spend a small portion of its $101-Million consolation prize…
LETTER TO THE EDITOR — Bre-X coverage top-Notch
Having read your latest reports on Bre-X Minerals (T.N.M., March 26 and April 7/97), I am now able to assess the situation for myself.Instead of falling into sensationalism or making questionable and …
SouthernEra’s diamonds appraised
SouthernEra Resources (SUF-T) has received the valuation results for diamonds discovered at its Klipspringer project in South Africa.A parcel of 4,832 carats from run-of-Mine production evaluated by f…
Viceroy Res. posts loss over 9-Month period in 1996
For the last nine months of 1996, Viceroy Resource (VOY-T) suffered a loss of $39.2 million, or 80 cents per share.The loss stemmed from a $39.6-Million adjustment in the carrying value of the company…
STOCK MARKETS — Toronto composite index on the mend as gold jitters continue — Some base metals gain momentum lost in previous weeks
The Toronto Stock Exchange 300 composite index took a nose-dive during the report period ended April 16, dropping 77.46 points (or 1.3%) to 5,743.55.However, a jump of 64.22 points in trading on April…
Caledonia secures partner for Kikerk — BHP completes till-sampling program at Dunvegan
Caledonia Mining (CAL-T) has optioned half of its wholly owned Kikerk diamond property to Portree.To earn a half interest, Portree has agreed to spend $1 million exploring the property, which is in th…
METAL PRICES — Daily Metal Prices (April 21, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateApr. 15Apr. 14Apr. 11Apr. 10A…