Teck to finance development of Niblack project
The Niblack massive sulphide project in southeastern Alaska has attracted the attention of Teck (TSE). The major recently agreed to finance development of the project in return for the right to earn a…
Articles by Northern Miner Staff
Positive study for Greenstone’s Mojon
A feasibility study has been completed on one of 25 prospective gold deposits found on Greenstone Resources’ (TSE) 75%-owned La Libertad concession in Nicaragua.The study concluded the Mojon deposit, …
Radarsat satellite goes into orbit
The Canadian Space Agency’s Radarsat satellite was successfully launched from Vandenberg Air Force Base in California on Nov. 4.Unlike standard earth observation satellites, which have sensors that pr…
Canadian Mint announces new coin
The Royal Canadian Mint has moved to cut coinage costs by changing the one-cent coin from bronze to copper-plated steel or copper-plated zinc.”Changing the metal composition of the one-cent coin to ei…
Westmin drilling expands Wolverine
A vertically drilled stepout hole on the most westerly extension of the Wolverine zone has yielded a true thickness of 6.5 metres grading 5.34% zinc, 1.73% copper, 1.23% lead, as well as 3.07 grams go…
St. Andrew Goldfields boosts presence in Timmins camp
With several new deals in the works, St. Andrew Goldfields (TSE) has stepped up the pace of its activities in the prolific Timmins gold camp of Ontario.St. Andrew reached an agreement-in-principle wit…
Reserve reduction expected at Monarch’s La Camorra mine
Results from recent drilling are expected to lead to an approximate 10-15% reduction in overall reserves at La Camorra gold mine, owned by Monarch Resources (TSE). The mine, situated in Venezuela’s El…
METAL PRICES — FREE MARKET (November 13, 1995)
London Metal ExchangeSpot closing prices in $US per tonneDateNov. 7 Nov. 6Nov. 3 Nov. 2 Nov. 1Copper3015-3020 2995-30002947-29522995-30002945-2950Lead681-683 680-681694-696 710-711 703-7…
Queenstake plans acquisition to expand Latin American holdings
The planned acquisition of a Cayman Island corporation will significantly expand the Latin American holdings of Queenstake Resources (TSE).The company will acquire the shares of Intercontinental Resou…
Breakwater finds mineralization at El Mochito mine in Honduras
A drill program to expand reserves has encountered zinc-lead-silver mineralization at the El Mochito mine in Honduras.Owner Breakwater Resources (TSE) has been drilling the east limb of a fold, to tes…
Caledonia finds copper showings at Kikerk Lake
Initial prospecting in the Kikerk Lake area, about 550 km north of Yellowknife, N.W.T., has led Caledonia Mining (TSE) to the discovery of surface copper occurrences along a ridge 4 km long by 100 met…
Gulf finances Tajikistan work
A private placement of convertible preferred shares is expected to raise $6 million for Gulf International Minerals (VSE).The company plans to use the proceeds of the issue to advance its various gold…