Lower earnings for Asarco in quarter
As a result of lower copper, molybdenum and zinc prices, New York-listed Asarco has reported lower earnings for the first quarter of 1996.The company earned US$35.7 million (or US84 cents per share) d…
Articles by Northern Miner Staff
Claimstaker teams up with Petro Plus MOST ACTIVE ISSUES, May 1-7
With a new joint-venture partner now in place, Claimstaker Resources (VSE) can proceed with further exploration and development work at the Blackdome gold mine property near Clinton, B.C.An agreement-…
Gold projects of Dryden lure investors
Two exploration plays in the Dryden area of northwestern Ontario have brought Champion Bear Resources (ASE) and Continental Caretech (CDN) into the market spotlight over the past two months.Champion B…
GOLD FUNDS (May 13, 1996)
Gold Funds as of May 2, 1996BGRCentralNet Value$25.39$6.70Price$19.65$6.700Discount22.60%0.0%Value$198,484,000$121,265,310…
Quebec coverage is lacking in The Miner
I am an exploration geologist who has lived and worked in Quebec for the past eight years.For the past several months, I have noticed that The Northern Miner’s emphasis is overwhelmingly directed towa…
Homestake excited by discovery
Exploration near the Hueso gold mine in northern Chile has become Homestake Mining’s (NYSE) “top international priority” following the discovery of a new gold zone in the area.Homestake discovered the…
Fortune drilling program ignites land play in Northwest Territories
Another area play is under way, this time in the Mazenod Lake area, about 170 km northwest of Yellowknife, N.W.T.Fortune Minerals (CDN) is the centre of attention as it completes its drill program at …
PRODUCER PRICES (May 13, 1996)
ALUMINIUM: MW U.S. market US75.5-76.5 cents per lb. (May 3, 1996).ANTIMONY: MW New York dealer US$1.80-$1.90 per lb. (April 26, 1996).BISMUTH: MW New York dealer US$3.80-3.95 per lb. (April 26, 1996)….
THE DIAMOND PAGE — Redaurum reports startup at Kelsey Lake mine
The Kelsey Lake diamond mine in Colorado is poised to become North America’s first commercial diamond producer, having recently entered production.Mine owner Redaurum (TSE) expects Kelsey Lake to yiel…
Band-Ore extends mineralization (May 13, 1996)
Six more drill holes at the Thorne property of Band-Ore Resources (CDN) in Thornloe Twp., west of Timmins, Ont., have intersected gold on extensions of the mineralized structure.Most of the follow-up …
Lenora downgrades Box and Athona
Greater Lenora Resources (TSE) has downgraded the reserve figures for its Goldfields project on the northern shore of Lake Athabaska in Saskatchewan.Published minable reserves for the project, which i…
Drilling aims to expand Wolverine
As part of a $5.6-million exploration program in southeastern Yukon, partners Westmin Resources (TSE) and Atna Resources (TSE) have started a drill program aimed at expanding the Wolverine deposit.Two…