Cathedral drills on Porcher Island
With grid and geophysical surveying completed, Cathedral Gold (CAT-T) has begun diamond drilling at the Porcher Island gold project near Prince Rupert, B.C.To date, nine holes have been drilled for a …
Articles by Northern Miner Staff
Ghana Goldfields suspends drilling
The government of Ghana has suspended drilling at the Flagbase concession of Ghana Goldfields (GHN-V) pending the issue of permits by the ministry of forestry.The 5,000-metre diamond drill program was…
Bre-X, Barrick still talking as deadline expires
There was still no deal at presstime for the enormous Busang gold project in Kalimantan, Indonesia, but talks continued between Bre-X Minerals (BXM-T) and its blind date, Barrick Gold (ABX-T).Meanwhil…
ANNUAL REPORT REVIEW — McLeod pushes the art of Zen in China
Fresh from negotiating a successful buyout of Arequipa Resources, former president Catherine McLeod-Setlzer has found a new challenge: looking for minerals in China.McLeod-Setlzer was recently appoint…
ANNUAL REPORT REVIEW — Franc-Or drills in French Guiana
Montreal-based Franc-Or Resources (FOR-T) has begun drilling at its St.Pierre property in northwestern French Guiana.The 3,000-metre program is testing the downdip extent of the North Body structural …
Inco settles on site for Voisey’s Bay smelter
Nickel giant Inco (N-T) has announced that a former U.S. naval base in Newfoundland will be the site of a US$1-billion, smelting and refining complex to process concentrates from the massive nickel-co…
LME Warehouse Levels (December 09, 1996)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Dec. 2/96 (change from previous week in brackets):Copper93,475(+3,425)Tin9,520(+105)Lead121,475(+5,100)Zinc526,975(-3,07…
Drilling extends Jean-Gobele property at depth
Partners Emerging Africa Gold (EAG-C) and West Africa Mining Exploration (SMF-M) are proving up the Jean-Gobele gold property in Guinea.In a 5-hole program, southeast of the main Gobele vein, the part…
Inmet abandons Ubina project
After completing a reconnaissance drill program, Inmet Mining (IMN-T) has terminated its option on Takla Star Resources’ (TKR-A) Ubina gold-silver project in Bolivia.The best values encountered in the…
Rayrock fails to get permit
The Costa Rican government has turned down an environmental impact statement (EIS) from Minera Rayrock (MRN.A-T) regarding the Bellavista gold-silver project.Minera Rayrock is now pursuing an appeal u…
STOCK MARKETS — TSE balloon sinks back to earth
The Toronto Stock Exchange’s TSE 300 composite index at last broke 6,000, but, having vaulted that barrier, it lost momentum and finished the trading period Nov. 27-Dec. 3 at 5,940.73, down 34.83 poin…
Zaire ratifies Eurocan agreements
The government of Zaire has ratified Consolidated Eurocan Ventures’ (KEU-T) acquisition of a 55% interest in the giant Tenke and Fungurume copper-cobalt concessions.The joint-venture agreement with st…