Tan Range set to explore in Ethiopia
The government of Ethiopia has granted Tan Range Exploration (TSE) the exclusive right to explore a 210-sq.-km mineral licence.The agreement covers exploration for gold on the Ilagere Mariam and Tulu …
Articles by Northern Miner Staff
Syndicate, Archon cancel agreement
The Slave Diamond Syndicate has terminated its agreement with Archon Minerals (VSE).Archon held the right, up until the end of 1995, to select potential kimberlite targets on claims owned by the Syndi…
Newmont Gold increases overall reserve base
One of America’s largest gold producers, Newmont Gold (NYSE), has increased its reserve base for the fifth consecutive year.The cumulative reserve base has grown 50% since 1990.Newmont ended 1995 with…
Nescor to join forces with Armada
Deal-maker Robert Friedland has struck again, this time combining an asset from a private company with one owned by Armada Gold (ASE).The result?A copper-gold mining company based in Central Asia.Arma…
Conductors outlined at Okak Bay property
A geophysical survey completed for Vancouver-listed partners Golden Trump Resources and Noront Resources has outlined three conductors on the Okak Bay 2381 property, 80 km north of Voisey’s Bay, Labra…
THE DIAMOND PAGE — Hymex producing
Vancouver-listed Hymex Diamond has reported production figures from its Diani River project in Guinea.In February, the company washed 3,044 cubic metres of gravel, recovering 1,446 stones weighing 727…
Minorca Resources seeks to buy interest in Busang gold project
An agreement with an Indonesian company sets the stage for Minorca Resources (ME) to acquire a 70% interest in 6% of production from the Busang gold deposit in Kalimantan, Indonesia.Minorca’s agreemen…
Ghana to host mining exhibition
Mining equipment companies from various countries are preparing to head to Ghana to explore opportunities being presented by that country’s resurgent mining industry.The focus of their attention is th…
EDITORIAL PAGE — London’s hot bullion market
London has served as a major crossroads of bullion trading for more than three centuries. The oldest member of the market, the Mocatta Group, traces its history back to 1671. The Bank of England, whic…
Northgate reports high income for ’95
The settlement of an arbitration hearing and the sale of subsidiary NorthWest Gold have enabled Northgate Exploration (TSE) to post its best financial results since 1989.In 1995, Northgate earned $7.2…
Atlas, MSV to merge assets
Two companies with existing mines in North America have decided to join forces to create a growth-oriented company that would produce about 200,000 oz. gold by 1998.Atlas (NYSE), a Nevada-based gold p…
THE DIAMOND PAGE — Early results from A-418 kimberlite are adding momentum to Kennecott Canada
Drill results from the A-418 kimberlite pipe at the Diavik project in the Lac de Gras area of the Northwest Territories suggest the structure may have comparable potential to the nearby A-154 South pi…