Westmin Res. back in black for 1995
With its Myra Falls operation on Vancouver Island back on stream, Westmin Resources (TSE) reported a net profit of $11.8 million for 1995 on revenue of $110.7 million.Cash flow from operations amounte…
Articles by Northern Miner Staff
THE DIAMOND PAGE — Verkhotina drilling returns diamonds
Initial processing of the discovery hole from Pipe 441 at the Verkhotina project in northwestern Russia is returning diamonds for Archangel Diamond (VSE).The hole intersected kimberlite from a depth o…
STOCK MARKETS — Bulls and bears blunder blindly on TSE
The Toronto Stock Exchange rose fractionally between Feb. 28 and March 5, closing at 4,995.94, up 41.67 points (or 0.8%) on the week. Trading volume picked up slightly on the week, but, in general, th…
Reserves dip for Battle Mountain
While Battle Mountain Gold (NYSE) added 735,000 oz. gold to its reserve base in 1995, the amount was not sufficient to prevent a decrease in its overall inventory.The proven and probable figure stands…
Greenstone raises US$25m for 1996
In order to fund all its planned 1996 programs without issuing any more equity, Greenstone Resources (TSE) has arranged US$25 million in debt financing.The financing consists of a US$15-million line o…
Potential of Kazakhstani project grows
Initial drill results from the Varvarinskoye gold-copper-silver deposit in northern Kazakhstan are confirming previous resource estimates.Kazakhstan Minerals (CDN) is attempting to confirm in situ res…
WGS publishes diamond, gold reports
Publications describing potential targets for exploration in the Wyoming geological province and elsewhere in the U.S. are available from the Wyoming State Geological Survey (WSGS).The publications re…
H-L Corp. gains stake in claims near Voisey’s Bay
CDN-listed H-L Corp. has acquired a 20% interest in a group of claim blocks near Voisey’s Bay, Nfld.The claim blocks, which are 95 km northeast of the Voisey’s Bay nickel-copper-cobalt discovery, comb…
Northfield pulls copper-gold in Ecuador
Testing the strike extension of the orebody at the Mercedes mine in Ecuador, Northfield Minerals (TSE) has intersected 37 metres of copper-gold mineralization.Northfield and its Ecuadorean joint-ventu…
Juniors continue exploration in Ontario’s Matheson region
Exploration continues along the eastern extension of the Destor-Porcupine fault zone. Teddy Bear Valley Mines (TSE) has taken an option on a property on the boundary between Cook and Guibord twps., 20…
More work planned for Ileninga Lake
With positive 1995 results in hand, Inco (TSE) is pressing on with exploration of the Ileninga Lake massive sulphide property in the Northwest Territories.Last year, the nickel giant acquired an optio…
Drills turn at Indo-Pacific’s Kavola
Drills are testing epithermal gold mineralization at the Kavola property of Indo-Pacific Resources (ASE) on the island of New Britain, part of Papua New Guinea.Five mineralizaed zones are known to exi…