Hecla hits high grade in Idaho
Four drill holes testing the expansion of Hecla Mining’s (NYSE) Lucky Friday silver mine have intersected high-grade silver mineralization beneath the adjacent Gold Hunter mine. Both projects are in t…
Articles by Northern Miner Staff
Cobalt the focus of conference
The Marlborough Hotel in London, England, will play host to the 1996 Cobalt Conference from May 22 to 23.Organized by the Cobalt Development Institute, the conference will explore new markets, product…
Voisey Bay Res. in Indonesia
Voisey Bay Resources (VSE) will buy a 24.5% interest in four Indonesian gold properties held by Minorca Resources (ME).As consideration, it will pay US$2 million and 500,000 of its shares.Three of the…
STOCK MARKETS — Resource stocks left behind as TSE climbs
Gold producers and base-metal miners lost ground over the report period ended April 2, while the Toronto Stock Exchange composite index moved past the 5,000-point mark. The TSE 300 composite index gai…
Eastfield and Prism plan work in Nevada
Partners Eastfield Resources (VSE) and Prism Resources (VSE) have bought the Three Hills project in Nevada.The companies paid Coeur Exploration US$320,000 for the property, which, when combined with t…
Cristinas start hinges on mining law
Though a feasibility study at the Cristinas project in Venezuela is projecting yearly output at 450,000 oz. gold at an average cash cost of US$205 per oz., Placer Dome (TSE) is waiting to schedule con…
Feasibility leads to mine reopening
Results from a feasibility study of the OK copper mine near Milford, Utah, suggest that a reopening would be viable.The use of solvent extraction-electrowinning would enable the mine to produce about …
$4.5 billion, or $43.50 per share — Inco tops Falconbridge’s bid for Diamond Fields
A rival suitor has crashed the Falconbridge (TSE)-Diamond Fields Resources (TSE) wedding. Whether Falconbridge will rise to the challenge or be left alone at the altar remains to be seen.Inco (TSE) ha…
Amax opts out of Robertson play
After almost six years of exploration and development work on the Robertson property in Nevada’s Crescent Valley, Amax Gold (NYSE) has decided to return the project to owner Coral Gold (VSE).In 1995, …
Pacific Amber expands Indonesian presence
The signing of a memorandum of understanding to acquire 112,000 hectares in West Kalimantan marks the fourth property acquisition for Pacific Amber Resources (VSE) in Indonesia.Under the agreement wit…
Fairstar to fund Ghanaian exploration
Following exploration of its Benso concession in Ghana, Fairstar Explorations (ME) has entered into a $6.5-million agreement to fund further work.The 150-sq.-km concession is on the eastern side of th…
Underground program for Damoti
Partners Consolidated Ramrod Gold (TSE) and Canadian American Resource plan to go underground this summer at the Damoti Lake project north of Yellowknife, N.W.T.Canadian American is funding the planne…