Sutton releases Kabanga assays
Encouraging results have been released from the Kabanga nickel project in northwestern Tanzania. BHP Minerals can earn a 58% interest from Sutton Resources (VSE) by funding all exploration and develop…
Articles by Northern Miner Staff
COMMENTARY — Investing in precious metals
There have always been numerous compelling reasons for owning precious metals and they can be characterized as follows: * Precious metals (especially gold) have historically maintained their purchasin…
Crown options Argentine ground
A 86% owned subsidiary of Crown Resources (TSE), Solitario Resources, has an option to buy seven properties containing copper, gold and silver mineralization in the western Argentine province of Mendo…
Producer Prices (February 07, 1994)
ALUMINUM: MW U.S. market US57.50-58.50 cents per lb. (Jan. 20, 1994). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.65 per lb. (Sept. 23, 19…
Asarco income up despite price drop in copper quotes
In 1993, Asarco (NYSE) realized an average copper price of US87 cents per lb., down from US$1.04 the previous year. The New York City-based company received an average of US20 cents per lb. for lead, …
Geologists study Purcell Basin
Details have been made available of a geological symposium held in Whitefish, Mont. last summer. More than 100 geologists convened at the northwestern lake resort to share information on exploration o…
Zappa prepares for Enriquez drilling
With its share price pushing new highs, Zappa Resources (VSE) is preparing to test three bulk-tonnage gold targets within its concession in the Ponce Enriquez district of Ecuador. Zappa acquired the p…
NEWS ROUNDUP — Caribgold adds to Cuban holdings
CDN-listed Caribgold Resources has been granted prospecting and exploration rights to 2,000 sq. km in east-central Cuba. The agreement was reached with Geominera S.A., a Cuban state company, and is ex…
Musto warms to MIM offer, sues Metall Mining
Proving that hostile takeovers are just that, International Musto Explorations (TSE) has served notice it will proceed with legal action against Metall Mining (TSE) and Metall’s financial adviser, McL…
Pegasus snaps up El Condor
The proposed merger of El Condor Resources (VSE) into Pegasus Gold (TSE) would put a fresh feather in the cap of the Robert Hunter-Robert Dickinson team. Pegasus plans to offer $7.50 (payable in commo…
Barrick continues its record pace
American Barrick Resources (TSE) has reported record production, earnings and cash flow for the eighth consecutive year. The Toronto-based company increased reserves in 1993 by 20%, adding 5 million o…
Preliminary Boleo tests prove positive
Partners International Curator (VSE) and Coeur d’Alene Mines (NYSE) are encouraged by preliminary metallurgical results from the Boleo property in Baja California, Mexico. Coeur d’Alene can earn a hal…