Huancaylla returns wide copper values
The first drill hole on the Huancaylla property in Peru has returned a 380.6-ft. intersection grading 1.13% copper, starting at surface. The hole was abandoned because of lost circulation at 380.6 ft….
Articles by Northern Miner Staff
Teck to fund Petaquilla study
Vancouver-based Teck (TSE) plans to fund a final feasibility study of the Petaquilla copper deposits in Panama, which were the subject of a preliminary study by Kilborn Engineering. A recent agreement…
Ethiopia seeking mineral investment
After 17 years of socialist rule and an ensuing civil war, the transitional government of Ethiopia is instituting a number of policies aimed at improving the political, social and economic sectors of …
Clarification (November 14, 1994)
In its issue of June 14, 1993, The Northern Miner published an article on the first and second pages under the headline “Gold values elusive at Oregon exploration property.” The article contained refe…
ODDS’N’SODS — Optimism knows no bounds
In 1966, New Senator Mines drilled a wildcat exploratory hole in a churchyard in the beautiful village of Margaretsville on the Bay of Fundy in Nova Scotia. On the first day that the drill rig was bei…
EDITORIAL PAGE — Base metals in spotlight
Base metals have been the wallflowers of the mining industry for much of the past decade, taking a back seat to gold, and even, for a time, attracting less investor interest than the pursuit of Canadi…
Feasibility study on track for Loma de Hierro
Gold is not the only commodity of interest to mining companies active in Venezuela. Jordex Resources (TSE) recently announced interim results from a feasibility study on its Loma de Hierro nickel late…
THE DIAMOND PAGE — Drill results give boost to Daivik
Partners Kennecott and Aber Resources (TSE) have received good news regarding their Daivik property in the Lac de Gras area of the Northwest Territories. Hole A154-3 returned 376 microdiamonds and 170…
STOCK MARKETS — Interest rate fears drag down TSE
Recent increases in bond yields have kept stock investors on the defensive and worried that interest-bearing investments will draw money out of equity markets. This lack of investor confidence helped …
Further drilling at Rainbow
A third phase of drilling totaling 7,000 ft. in 14 holes is under way on the Rainbow property near Kamloops, B.C. Teck (TSE) recently completed a 70% earn-in on the property and Getchell Resources (VS…
METAL PRICES (November 14, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date Nov. 8 Nov. 7 Nov. 4 Nov. 3 Nov. 2 Copper 2707-2711 2710-2711 2734-2735 2754-2755 2712-2714 Lead 667-668 668.5-669.5 672.5-673.5 674.5-6…
Spot prices at a glance (November 14, 1994)
Week’s Price (US) Change Gold* $384.35 + $0.50 Silver* $5.20 – $0.08 Platinum* $411.00 – $7.00 Nickel** $3.37 – $0.02 Lead** $0.30 $0.00 Copper $1.23 + $0.03 Zinc $0.52 + $0.02 Courtesy of Scotiabank….