Musto drilling
Australian base metal miner MIM and its partner International Musto Explorations (TSE) report that 8,000 metres of core drilling has begun on their Bajo de la Alumbrera porphyry gold-copper deposit in…
Articles by Northern Miner Staff
Surprise takeover bid is winning converts — Royal Oak offers
In a classic case of David taking on Goliath, middle-tier gold producer Royal Oak Mines (TSE) has launched an aggressive takeover bid for senior gold miner Lac Minerals (TSE). A successful takeover wo…
Diamond studies confirm potential at Lac de Gras
Shareholders of Dia Met Minerals (TSE) have been told that the latest bulk-sampling programs, involving several kimberlites, are providing encouraging results which may lead to development of Canada’s…
WWF calls halt to diamond hunt
Concerned about the environmental consequences of mining in the central Arctic, World Wildlife Fund Canada (WWF) has called for a halt to diamond exploration and mine development in the Northwest Terr…
Smith, Willson featured speakers
The presidents of two large international gold producers will speak at the 1994 Canadian Mining Symposium scheduled for Sept. 22 and 23 in Toronto. American Barrick Resources’ Robert Smith will speak …
Tacaza drilling returns copper
Kookaburra Resources (TSE) is encouraged by initial results from drilling on the Tacaza copper project in southeastern Peru. The company received results from the first five holes of a 175-hole revers…
PRODUCER PRICES (July 18, 1994)
ALUMINUM: MW U.S. market US69.5-70.5 cents per lb. (June 23, 1994). ANTIMONY: MW New York dealer US$1.90-2.25 per lb. (June 30, 1994). BISMUTH: MW New York dealer US$2.35-2.65 per lb. (Sept. 23, 1993)…
STOCK MARKETS — TSE continues to gain some ground
With Parliament in summer recess and worries about Quebec on hold for the time being, the TSE continued its mid-summer rally this past week. On July 12, the 300 index jumped 27.78 points to close the …
Central Crude plans drill work
The new owner of Central Crude (TSE) plans to spend about $500,000 on a definition and exploration drilling program at its Eagle River gold property near Wawa, Ont. At the annual meeting, President Co…
Gold Fund invests in Greenstone
The Emerging Market Gold Fund (EMGF) intends to buy US$5 million worth of Greenstone Resources’ (TSE) convertible preferred shares and will be granted warrants to buy US$5 million of that company’s co…
BHP cuts sulphide mineralization near productive Matagami
Early indications suggest that BHP Minerals Canada has made a significant base metal discovery 35 km southwest of Matagami, Que. Three holes recently drilled by BHP on Southern Africa Minerals’ (ASE) …
Disbelief turns to support for Witte’s bold move
Stunned disbelief is probably the best way to describe the early reaction to Royal Oak Mines’ (TSE) hostile takeover bid for Lac Minerals (TSE). “Impossible,” said some Toronto-based mining analysts, …