Queenston finds new zone at McBean
The last of three holes drilled by partners Queenston Mining (QMI-T) and Franco-Nevada Mining (FN-T) has uncovered a new zone of mineralization at the Anoki gold deposit on the McBean property, east o…
Articles by Northern Miner Staff
THE DIAMOND PAGE — Winspear, Aber set to drill at Camsell Lake property
Drilling at the Camsell Lake diamond project in the Northwest Territories is expected to begin in early March.Operator Winspear Resources (WSP-V) holds a 42.5% interest, while Aber Resources (ABZ-T) h…
STOCK MARKETS — Foreign plays add heat to VSE
The Vancouver Stock Exchange composite index was up 12.4 points, or 0.99%, over the report period ended Feb 25, to close at 1,263.05. The resource index gained 46.17 points, or 1.98%, finishing at 2,3…
Spot prices at a glance (March 03, 1997)
Wednesday, February 26, 1997Price (US)Week’s ChangeGold*$353.85+ $7.75Silver*$ 5.2…
PRODUCER PRICES (February 24, 1997)
ALUMINIUM: LME settlements US$1,548.50 per tonne, alloy $1,486 per tonne (Feb. 18/97).ANTIMONY: Composite free market, US$2,340 per tonne (Feb. 18/97).BISMUTH: Composite free market US$3.15 per lb. (F…
Miramar puts Talapoosa gold project on hold
Citing low gold prices and inconsistent recoveries, Miramar Mining (MAE-T) has taken a $33.6-million writedown on the Talapoosa gold-silver project in western Nevada, suspending its development.”At cu…
St Andrew funds Matheson drilling program
Through a private placement, St Andrew Goldfields (SAS-T) is raising funds to continue diamond drilling in the Matheson area of northwestern Ontario.The junior raised $3.4 million by issuing 4 million…
Santa Fe finds more gold at Duquesne W.
Drilling by Santa Fe Canadian Mining has identified a new gold zone on the Duquesne West property of Globex Mining (GMX-T), 30 km northwest of Rouyn-Noranda, Que.Santa Fe, a wholly owned subsidiary of…
Rift Res. eyes properties in Niger
EXP Resources, a privately held company in Alberta, can acquire a 60% interest in a 1,900-sq.-km gold-copper concession in southwestern Niger.EXP secured the option by paying US$50,000, issuing 1.2 mi…
Earnings rise for Teck and Cominco
The sale of its 10.8% stake in Diamond Fields Resources saw the 1996 net earnings of Teck (TEK-T) jump by almost 184% over the previous year.The Vancouver-based major reported net earnings of $255 mil…
N.A. Tungsten expands its base of mineral assets
Vancouver-based North American Tungsten (NTC-V) can acquire the tungsten assets formerly held by Canada Tungsten, which was recently merged with Aur Resources (AUR-T).These assets include:* the former…
Stratabound establishes Mexican presence
Junior Stratabound Minerals (SB-A) will buy a polymetallic property in northeastern Mexico.Situated near the city of Monclova in Coahuila state, the property is accessible by paved highway and gravel …