Juniors intersect gold in Cuba
Partners MacDonald Mines Exploration (ASE) and Mill City Gold Mining (VSE) have completed a 660-metre drill program on their Golden Hill project near Camaguey, Cuba.Eleven short holes were drilled to …
Articles by Northern Miner Staff
Westward and Cameco differ on startup date
A disagreement is reported between Cameco (TSE) and Westward Explorations (VSE) concerning the date when commercial production began at the Contact lake gold mine in northern Saskatchewan.Based on pro…
Echo Bay, TVI acquire property in Philippines
The KingKing porphyry copper-gold property in the Philippines will soon be in the hands of Echo Bay Mines (TSE) and TVI Pacific (ASE).The former will be the operator, with a 75% interest, while the la…
Teddy Bear funds Holloway share
Teddy Bear Valley Mines (CDN) is raising the necessary funds to cover its portion of construction costs at the Holloway gold joint venture in northeastern Ontario.The company will raise $2 million thr…
Hemlo options Acabit property
Exploration Acabit’s (ME) gold property in Quebec’s Private Twp. has been optioned to Hemlo Gold Mines (TSE).The latter can acquire the former’s 42 mining claims in the area, subject to a 2% net smelt…
McLellan launches cross-country lab
Anne McLellan, Canada’s minister of natural resources, helped launch the Mobile Foundry Laboratory during a recent ceremony at Quality Steel Foundries in Edmonton, Alta.The mobile laboratory will revi…
STOCK MARKETS — Lower interest rates help TSE forge ahead
Despite persistent fears of a new recession, the TSE 300 composite surged ahead over the 5-day report period ended June 20, helped in part by falling interest rates and a strong performance in preciou…
Mining opportunities emerge in former Soviet republics
Emerging from under the yoke of Soviet rule, the countries of Central Asia are struggling to transform themselves into market-based economies.Uzbekistan has been especially aggressive in the area of m…
Spot prices at a glance (June 26, 1995)
Wednesday, June 21Week’sPrice (US)ChangeGold*$390.70+$3.90Silver*$5.49+$0.12Platinum*$442.75+$6.15Nickel**$3.51+$0.05Lead**$0.27-$0.01Copper $1.41+$0.10Zinca$0.45$0.00Co…
Drilling expanding reserves at Kabanga nickel project
A drill program at the Kabanga joint venture in Tanzania is expanding reserves.Sutton Resources (VSE) says work on the North zone has outlined 12.4 million tons grading 2% nickel, 0.27% copper and 0.1…
Eskay Creek mine gives Prime Res. scope for growth
With its wholly owned Eskay Creek gold-silver mine in northwestern British Columbia up and running, Prime Resources Group (TSE) is looking to seize opportunities elsewhere in Canada.Towards this end, …
Metal Prices — FREE MARKET (June 19, 1995)
London Metal ExchangeSpot closing prices in $US per tonneDateJune 13 June 12June 9June 8June 7Copper2904-2905 2920-29222914-29162888-28892867-2870Lead617-618 615-615.5 611-612 601-602 …