NEWS ROUNDUP — Summo lands copper project
By moving to acquire the Champion property in New Mexico, Summo Minerals (VSE) hopes to gain a third copper oxide project. The project, situated in Taos Cty., contains a copper oxide resource estimate…
Articles by Northern Miner Staff
NEWS ROUNDUP — Loubel plans drilling
A 5,000-ft. drilling program is planned for the Chassignole gold property in La Pause Twp. in northwestern Quebec. Gilles Fiset, president of Loubel Exploration (ME), says trenching and sampling durin…
Plans filed for Montana mine
The proposed McDonald gold mine in Montana has moved one step closer to reality. Partners Phelps Dodge Mining and Canyon Resources (NASDAQ), which own 72.25% and 27.5% respectively, have filed a plan …
OPINION — Investing in Russian projects
The mining industry in Russia has benefited from a recent increase in investments. The Australian company Star Technology Systems plans to spend US$250 million by 1999 on the Sukhoy Log project, which…
Cambiex cuts gold in Utah
A 3,000-metre drill program on Exploration Cambiex’s (ME) Annie Laurie gold property in Utah has yielded promising results. Five holes drilled in the Annie Laurie vein system returned the following va…
Placer to buy stake in Orex’s Goldboro
Toronto-listed Placer Dome can acquire a 65% interest in the Goldboro property in Guysborough Twp., N.S. To do so, it must pay $30 million to Orex Resources (ME) and make various exploration and devel…
Survival plan for St Andrew
Recent losses are taking their toll on St Andrew Goldfields (TSE). The small gold producer filed an application under the Company’s Creditors Arrangement Act, seeking a stay of proceedings and authori…
Aquaterre options Georgia
Junior Aquaterre Mineral Development (VSE) has acquired half of the Georgia River property in northwestern British Columbia. Previous work outlined a drill-indicated and inferred resource of 304,000 t…
Expansion planned at Porgera
A $77-million expansion plan has been approved for the Porgera gold mine in Papua New Guinea (PNG). Vancouver-based Placer Dome (TSE) holds an 18.9% interest in the joint venture. Among the other part…
Metall on road to recovery
Three factors — higher metal prices, production from two new mines, and the purchase of an interest in a smelter — helped strengthen Metall Mining’s (TSE) performance in the third quarter. The compa…
Derivatives revolutionize gold markets, says author
Timothy Green, author of The World of Gold, has kept a close eye on gold markets for much of the past three decades. That was a relatively easy task years ago, he says, when it was a straightforward p…
Ridgeway deal nixed
The Ridgeway gold mine in South Carolina is back on the auction block following the announcement that Kinross Gold (TSE) and Kennecott Minerals have terminated their negotiations. In October, Kinross …