Corrections (March 13, 1995)
A preliminary economic evaluation on the Kabanga nickel-cobalt project in Tanzania estimates the yearly cash flow at US$115 million, not US$155 million as reported in our issue of Feb. 27. BHP Mineral…
Articles by Northern Miner Staff
Atna in option deal with YGC in Yukon
Under a joint-venture agreement, Atna Resources (VSE) has the option to earn from YGC Resources (VSE) a 65% interest in eight base metal properties in the Yukon. To do so, Atna must spend $1.5 million…
Caledonia and Holmer in Cuban joint venture
Two juniors, Caledonia Mining (TSE) and Holmer Gold Mines (ASE), have formed an alliance to explore mineral prospects in Cuba. Caledonia can acquire up to a 50% interest in Holmer’s Cuban properties b…
EDITORIAL PAGE — Around the world in four days
Without leaving the comfort of Toronto’s Royal York Hotel, delegates of the 63rd annual convention of the Prospectors and Developers Association of Canada in early March were able to sample a tempting…
Lonrho axes Rowland
After 34 years, British conglomerate Lonrho has severed its links with its founder, Roland (Tiny) Rowland. Lonrho says Rowland has ceased to be a director or employee of the company, Agence France Pre…
Ashanti dominates Accra exchange
Partially privatized gold producer Ashanti Goldfields of Ghana dominates economic activity on Accra’s fledgling stock exchange, according to figures released by a senior exchange official in Accra. As…
Electra increases capacity at Aurora plant in Nevada
By constructing a gold leaching plant at the Aurora mine near Hawthorne, Nev., Electra Mining Consolidated (VSE) hopes to boost capacity for processing ore, as well as accelerate gold recovery from th…
De Beers out, Monopros still active
Although multinational De Beers Consolidated Mines has dropped its option to earn a 60% interest in the Yamba Lake joint venture in the Lac de Gras region of the Northwest Territories, its wholly owne…
Allegheny extends Olcott zone
Drilling has extended the Olcott zone at depth and in a southeasterly direction, Allegheny Mines (ASE) reports from its northwestern Ontario gold project. Six holes intersected the structure to a vert…
Barrick Gold drill rigs active at Moneta’s Michaud claims
Mining giant Barrick Gold (TSE) has released the results from the first 1,927 metres of drilling on the Michaud claims north of Kirkland Lake, Ont. Three holes were drilled to test the Porcupine Desto…
NEWS IN BRIEF — Parkside Ventures (PKV:VSE) has changed its
Junior Da Capo Resources (VSE) continues to work its Bolivian properties, with promising results. Assays from diamond drilling on the Capa Circa property include 126.4 metres of 0.98 gram gold per ton…
Black Swan funds Brazilian projects
A private placement is expected to provide Black Swan Gold Mines (TSE) with $1.2 million, which it will use to acquire and develop the Santa Helena and Novo Mundo gold prospects in Brazil. The placeme…