Poor results deflate Cartaway
Disappointing assay results from one of its Labrador properties have brought skyrocketing Cartaway Resources (ASE) back to Earth, dragging the owners of neighboring properties back down with it.Assays…
Articles by Northern Miner Staff
SOUTHEAST ASIA SPECIAL — Goldstake working on Java
Although the attention of mining companies has been fixed on Kalimantan, it is worth remembering that all the islands of the Malay Archipelago were born of volcanism. And where there is volcanic actio…
SOUTHEAST ASIA SPECIAL — Jonpol and Indocan get permit
Junior partners Jonpol Explorations (TSE) and Indocan Resources (NASDAQ) report that the Indonesian government has confirmed ownership of their B Block, 16 km north of the Busang gold deposit.Jonpol h…
Iamgold poised to become African producer
The coming year promises to be busy for Toronto-listed International African Mining Gold, otherwise known as Iamgold. Construction has started at its 38%-owned Sadiola Hill gold mine in western Mali, …
Diavik sampling confirms grade
A consistent grade of 4.53 carats per tonne is reported from sampling of the A-154 South pipe at the Diavik diamond project in the Northwest Territories. To date, processing has been completed on just…
Anglo, Pangea outline resource at Kahama
The Lake Victoria greenstone belts continue to reward exploration efforts, most recently at the Kahama property of Pangea Goldfields (TSE), under option to Anglo American.A reverse-circulation program…
ODDS’N’SODS — Tipped off
George “Gus” McManus was responsible for staking many of the gold deposits in the Red Lake area of Ontario during the early years of mining development in that district.McManus was prospecting for sil…
EDITORIAL PAGE — WMI: A progress report
“A perfect agreement meant for a perfect world” is how one Canadian mining executive described the Whitehorse Mining Initiative (WMI) after it was signed in 1994.The agreement defined a vision of a so…
Asarco sells its stake in MIM
In an attempt to reduce its debt, Asarco (NYSE) has sold its 15% stake in Australian-based MIM Holdings.The sale generated US$331.2 million, which will result in an after-tax gain of US$39 million (or…
AfriOre takes reins in Botswana
Having renegotiated the terms of its joint-venture agreement with Gencor, Toronto-based AfriOre (VSE) will now manage six diamond projects in South Africa and Botswana.AfriOre will have the right to e…
SOUTHEAST ASIA SPECIAL — Altai adds to property portfolio
Toronto-based Altai Resources (TSE) has added another gold project to its Philippine portfolio.The junior acquired the Bulan project, comprising 3,285 hectares in the province of Sorsogon, southern Lu…
ANNUAL REPORT REVIEW — Prime earnings climb during quarter
High gold and silver prices, combined with an increase in precious metals production, coalesced into a healthy first quarter for Prime Resources Group (TSE).Earnings for the period totalled $13.2 mill…