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…
Articles by Northern Miner Staff
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…
Cons. Nevada plans merger
Toronto-listed Consolidated Nevada Goldfields (CNG) will merge with Grupo Real del Monte, a mining company based in Mexico City.As a result, CNG will end up with double its current productive capacity…
Dawson City to host placer gold show
Northern Canada’s largest industry and trade show for the placer mining sector is scheduled for May 17-18 in Dawson City, Y.T.The 11th annual Dawson City International Gold Show will feature a keynote…
Gold Reserve boosts resource
The first phase of infill drilling at the Brisas concession in the Kilometre 88 region of Venezuela has translated into an increase in copper-gold resources for Gold Reserve (TSE).The company, drillin…
Greenstone enhances Libertad potential
Drilling and trenching by Greenstone Resources (TSE) on its Libertad concessions in Nicaragua have expanded the size of the Cerro Mojon deposit.Reverse-circulation drilling has extended Cerro Mojon to…
STOCK MARKETS — Western markets stage mixed performance
Western markets put in a mixed performance over the report period ended March 26, with the Vancouver Stock Exchange composite index posting a 24.3-point gain to 1,080.55.The resource index failed to f…