Naxos assays come under scrutiny
The Alberta Stock Exchange has requested that Naxos Resources (NXR-A) conduct an independent audit of the drilling, sampling and assaying procedures performed at the company’s Franklin Lake properties…
Articles by Northern Miner Staff
BHP Minerals, Dia Met advance NWT Diamonds
An environmental assessment review panel is expected to submit its final report on the NWT Diamonds project to the federal government for its approval.The project, situated near Lac de Gras in the Nor…
Hecla, Santa Fe to develop Rosebud deposit
Two American majors plan jointly to develop Rosebud, a high-grade, underground gold deposit 50 miles west of Winnemucca, Nev.Hecla Mining (HL-N) and Santa Fe Pacific Gold (GLD-N) will form a 50-50 joi…
Drilling turns up copper, gold
Drilling at the Samarskoye project, 40 miles north of Karaganda in central Kazakhstan, continues to deliver copper-gold values for Kazakhstan Minerals (KMC-T).Five rigs are drilling off a large porphy…
DIAMOND PAGE — Namco sizes up sea-floor diamond assets
An independent evaluation of the Koichab sea-floor diamond prospect of Namco (NMR-V) has been released.A consulting firm reports an inferred resource of 2.4 million carats in a 3.85-sq.-km portion of …
Toronto Stock Exchange Indices (June 03, 1996)
1996 May 28May 27May 24May 23May 22HighLowComposite”300″5219.315235.535229.855223.155239.865248.373983.34 .Metals&Minerals5390.585411.025397.175388.775436.035635.253273.56 .Integr…
PRODUCER PRICES (June 03, 1996)
ALUMINIUM: Composite free market US70.4 cents per lb. (May 28, 1996).ANTIMONY: U.S. producer, US$1.95 per lb. (May 28, 1996).BISMUTH: Composite free market US$3.10 per lb. (May 24, 1996).CADMIUM: Comp…
METAL PRICES — FREE MARKET (June 03, 1996)
London Metal ExchangeMidday bid-ask prices in $US per tonneDateMay 28May 27May 24May 23May 22 .Copper2567-2568Holiday2542-25452557-25582448-2450 .Lead829-830Holiday836-837 854-855 8…
Falconbridge joins Platinova A/S in Greenland
Platinova A/S (PAS-T) has been joined by Falconbridge (FL-T) in its quest for Voisey’s Bay-style deposits in east-central Greenland.The two companies are forming a joint venture to explore a large fee…
Nelson Gold reports startup woes
Most mines experience teething pains during startup, and Nelson Gold’s (NLG-T) Zeravshan project in Tajikistan is no exception.The company operates, and has a 49% interest in, a mining and milling com…
Geomaque cuts encouraging gold grades at its Chicharra property in Mexico
Geomaque Explorations (GEO-T) has found the continuation of the known mineralized trend at its San Francisco mine property in Mexico’s Sonora state.Phillip Walford, vice-president of exploration, says…
Grades drop at Golden Hill
The latest drill results at the Golden Hill gold-copper project in Cuba, unlike those from earlier in the year, have been unspectacular.MacDonald Mines (MMP.A-A) reports that Hole GH-64, drilled at th…