Inco to reactivate Shebandowan mine
Stronger demand for nickel has led Inco (TSE) to reactivate its Shebandowan mine and mill 100 km west of Thunder Bay, Ont.The property has been maintained on a standby basis since the spring of 1992. …
Articles by Northern Miner Staff
Dakota lists stock on Berlin exchange
Gold-producer Dakota Mining (TSE) has listed its common shares for trading on the Berlin Stock Exchange under the symbol “DMC.”The move is intended to increase the stock’s liquidity and enhance the co…
Commodity index declines in March
A drop in metals prices was partly to blame for a decline in the Bank of Nova Scotia’s commodity price index in March. The all-items index was off 0.8% from the previous month but remained 4% higher t…
Drilling continues at San Antonio
At the San Antonio property in Mexico’s Sonora state, drilling continues to return gold values for Laminco Resources (TSE).Recent results include a 105-ft. intersection in hole 79 grading 0.082 oz. go…
Magma Copper has record first quarter
High copper prices and low operating costs enabled Magma Copper (NYSE) to post record income for the first quarter.The company earned US$51.8 million (or 82 cents per share), compared with US$7.6 mill…
Encouraging metallurgical test results from Gaby deposit
Encouraging metallurgical test results are reported from Ecuadorian Minerals’ (TSE) Gaby gold deposit in southern Ecuador. Conventional milling methods were found to be sufficient for the mostly sulph…
Black Hawk drills Hoyle prospect
Sixteen holes representing 3,000 metres have been completed at the western end of the Hoyle Twp. gold property of Black Hawk Mining (TSE) in the Timmins, Ont., area.Drilling was focused along a strike…
Noveder, Bitech near agreement
The Nugget Pond gold property in Baie Verte, Nfld., is about to change hands.Noveder (ME) says it has a firm agreement to acquire all of Bitech’s rights, interests and royalties in the property for $1…
NEWS IN BRIEF — International Prism Exploration (IPE:VSE) has changed its name to Prism Resources (PRN:VSE) on a 1-new-for-3-old-share basis.
American Bullion drilling at Red Chris property
A 22,000-metre drill program is under way at the Red Chris property in northern British Columbia.American Bullion Minerals (VSE), which holds an 80% interest in the porphyry copper-gold project, repor…
Swannell boosts copper resource
The Rio Tinto copper oxide project in Mexico’s Chihuahua state is estimated to contain 18.3 million tonnes grading 0.43% copper within a massive garnet skarn.Swannell Minerals (VSE), which is earning …
Chase tests Taysan project
More drilling is under way at the Taysan copper-gold porphyry project in the Philippine province of Batangas.Chase Resource (TSE) plans to drill 10 holes in a roughly 2,000-metre program in order to t…