EDITORIAL PAGE — Reserves and resources
Over the years, certain groups and individuals within Canada’s mining fraternity have advocated that steps be taken to set standards for reporting mineral resources and reserves. The need for such sta…
Articles by Northern Miner Staff
ODDS’N’SODS — A busy little drill bit
When the Helen mine at Wawa, Ont., first underwent an underground stope development program, a series of diamond drill holes was required to locate the F.W. contact over a rather large area. Using the…
Centenario gives boost to Dom. Republic mining
The discovery, in recent years, of the Centenario gold deposit “has been one of the outstanding events” for the mining industry of the Caribbean island of Hispaniola, writes correspondent Gerald Ellis…
INSIDER TRADING — Caledonia execs sell shares
Three senior officers of Caledonia Mining (TSE) exercised options and sold shares in November. According to the Ontario Securities Commission’s OSC Bulletin, senior officer and director Frederick Harv…
PRODUCER PRICES (January 23, 1995)
ALUMINUM: MW U.S. market US93.5 cents-94.5 per lb. (Dec. 30, 1994). ANTIMONY: MW New York dealer US$2.80-2.90 per lb. (Dec. 2, 1994). BISMUTH: MW New York dealer US$3.90-4.10 per lb. (Dec. 23, 1994). …
Goldcorp buys an interest in Britannia
In addition to buying an interest in Britannia Gold (TSE), Toronto-listed Goldcorp will acquire the right to joint-venture ground held by Britannia’s subsidiary. Goldcorp will buy 812,500 Britannia un…
Bearish outlook for gold
The outlook for gold is bearish, according to The Bank Credit Analyst Research Group of Montreal, which expects gold prices to drift lower in 1995. “Prices seem more likely to erode than fall sharply,…
X-Cal encouraged
Recent work by X-Cal Resources (TSE) has defined three new areas for drilling on the Sleeper Extension gold project in Humbolt Cty., Nev. The junior reported a new discovery under 14 ft. of overburden…
Latin American focus for Golden News
To reflect its commitment to Latin American exploration, Golden News Resources (TSE) has changed its name to Laminco Resources. The company has completed a 56-hole, 15,000-ft. reverse-circulation dril…
Adex to fund work at Mt. Pleasant mine
Under a credit-option agreement, Adex Mining (TSE) will fund a $525,000 program of exploration and metallurgical research on Piskahegan Resources’ Mt. Pleasant mine in New Brunswick. The program, to b…
Centurion drilling Utah copper play
Reverse-circulation drilling, under way on the OK minesite near Milford, Utah, indicates that potential exists for a significant oxide copper deposit. Centurion Mines (NASDAQ) has drilled 24 holes to …
Cons. Ramrod drills Atlanta gold play
As part of an option agreement to earn a 51% interest in the Atlanta gold property, Consolidated Ramrod Gold (TSE) has spent US$1.5 million and drilled 24 underground and surface holes, totalling 5,84…