Sutton evaluates Kabanga
A preliminary economic evaluation on the Kabanga nickel-cobalt sulphide deposit in Tanzania has returned positive results for Sutton Resources (VSE) and BHP Minerals. BHP can earn a 58% working intere…
Articles by Northern Miner Staff
Murgor drilling
The first hole drilled on Murgor Resources’ (VSE) 14-claim Barry Twp. gold property in northwestern Quebec has intersected a 34-metre wide mineralized zone. Although assays are pending, the company re…
Noranda spending $20-m at Gaspe
For the second time in as many weeks, a unit of Noranda (TSE) is investing funds to develop a new ore deposit. Noranda Mining & Exploration (NM&E) will spend $9.5 million over the next two years to de…
Cathedral ups stake in Sterling
TSE-listed Cathedral Gold will increase its ownership in the Sterling gold mine to 90% from 52%. The company negotiated the purchase of Saga Exploration’s 38% interest for a total cash consideration e…
TVI forges ahead at Canatuan
With a cash payment of $2 million, TVI Pacific (ASE) has acquired the 5,000-hectare Canatuan property in the Philippines. Situated on the western tip of Mindanao Island, the polymetallic property host…
Historical gold production
The amount of gold produced in the world throughout the ages (to the end of 1994) stands at about 3.7 billion oz., says CPM Group of New York. According to the research and consulting company, some 86…
Keystone results continue to shine
Production and profits are up considerably at the Keystone gold mine in northern Manitoba. The operation, owned equally by Granduc Mining (TSE) and Black Hawk Mining (TSE), yielded 8,197 oz. in the fo…
LETTER TO THE EDITOR — Time to start talking
The editorial “A voice from the wilderness” (T.N.M., Jan. 30/95) shows that neither the mining industry nor the environmentalists are thinking clearly about land use in wilderness area, a development …
Drilling at Damoti Lake
While some Canadian juniors do less field work in winter, Gitennes Exploration (ASE) is not among them. The Vancouver-based company is involved in not one but three programs near Damoti Lake in the No…
Hycroft Resources updates reserves at Crofoot-Lewis
Production at the Crofoot-Lewis open pit gold mine in Nevada increased 10% between 1993 and 1994. Owner Hycroft Resources & Development attributes the rise (94,868 oz. compared with 86,516 oz.) to tri…
TVX boosts stake in gold projects
Gold-producer TVX Gold (TSE) has increased its ownership in two projects and is considering buying a third. TVX bought a 10.3% interest in the Brasilia mine for US$14 million from a private company co…
ODDS’N’SODS — The Mexican adventure (1)
Exploration work in Alaska has its problems. Nevertheless, the long days and short nights during the summer, combined with the mineral-rich Triassic volcanics in the Talkeetnas, make prospecting a cha…