Arequipa’s Peru assets interest anonymous major
An unnamed “major international mining company” intends to earn a 60% interest in five of Arequipa Resources’ (VSE) copper porphyry prospects in Peru. (The major asked Arequipa not to disclose its ide…
Articles by Northern Miner Staff
Green light for Raglan deposit
At long last, Falconbridge (TSE) is drawing up plans to develop its Raglan nickel project on the Ungava Peninsula of northern Quebec. However, development is contingent upon completion of related agre…
Results enhance Voisey Bay discovery
The latest results released by Diamond Fields Resources (TSE) show improved grades over the first phase of drilling at the Voisey Bay nickel-copper-cobalt discovery on the northeastern coast of Labrad…
Newmont Gold finances development projects
Proving that the cost of exploration and development is not cheap, Newmont Gold (NYSE) spent about US$400 million on several capital-intensive projects, as well as US$69 million on worldwide explorati…
EDITORIAL PAGE — WCB’s confidence crisis
Federal and provincial politicians are not the only public servants being taken to task for poor fiscal management. Management at the provinces’ Workers’ Compensation Boards (WCBs) is also coming unde…
ODDS”N”SODS — Fellowship along on the trail
The trails in mining and exploration are rugged, steep and well-marked with the footprints of a host of adventurers who have set forth with high hopes, faith and determination. These same trails trave…
Commodity index on a roll
The commodity price index of the Bank of Nova Scotia recorded its fifth straight gain in December. The small monthly gain from November was helped by stronger metals and agricultural prices. For 1994,…
Spot prices at a glance (February 13, 1995)
Wednesday, Feb. 8 Week’s Price (US) Change Gold* $374.80 – $1.45 Silver* $4.67 – $0.01 Platinum* $408.75 – $6.75 Nickel** $3.62 – $0.76 Lead** $0.25 – $0.04 Copper $1.28 – $0.05 Zinc $0.45 – $0.06 Cou…
NEWS ROUNDUP — Exall, MacMillan option Wakadanawa
Two TSE-listed juniors — Exall Resources and MacMillan Gold — intend to explore and develop a large gold prospect in southern Guyana. Known as the Wakadanawa, the 60,000-acre property lies in a rela…
Hemlo to drill Northfield holdings
Toronto-listed Hemlo Gold Mines will conduct surface drilling on several deep gold targets on Northfield Minerals’ (TSE) holdings in northern Ontario. Hemlo can earn a half interest in 46 claims, whic…
Work program at Gross Rosebel
Near the coast of Suriname, Golden Star Resources (TSE) and Cambior (TSE) have completed trenching and drilling on the Gross Rosebel gold prospect. The program, which cost US$3.7 million, was aimed at…
METALS COMMENTARY — Metals in period of consolidation
After rising almost non-stop throughout 1994, most metals are showing some signs of consolidating despite the fact that inventories are starting to decline slowly but steadily. Producers of most metal…