NEWS ROUNDUP — Soquem drills Douay prospect
The auriferous zone at the Douay property of Northern Abitibi Mining (ASE) in northwestern Quebec has been traced for more than 2,600 ft. along strike. Drilling by Soquem, the Quebec Crown exploration…
Articles by Northern Miner Staff
NEWS ROUNDUP — Cambior, Audrey in loan agreement
The parent company of Audrey Resources (TSE) has agreed in principle to provide Audrey with a loan facility worth up to $17 million. The loan from Cambior (TSE) will allow Audrey, which is developing …
NDP leader urges consensus on environmental issues
In preparation for the Oct. 25 federal election, The Northern Miner asked representatives of four of the main political parties to respond to a series of questions pertaining to mining. All representa…
DIAMOND PAGE — Kennecott, BHP set to launch bulk-sampling
The push to prove up an economic diamond deposit has begun in earnest in the Lac de Gras region of the Northwest Territories. Two international majors, Kennecott and BHP Minerals, are moving ahead wit…
New drill results from Bell Allard South
Further surface drilling by Noranda Exploration, a unit of Noranda (TSE), on its Bell Allard South property near Matagami, Que., has encountered additional base metal mineralization. To date, a massiv…
Spot prices at a glance (September 20, 1993)
Week’s Price (US) Change Gold* $345.25 – $7.00 Silver* $ 4.04 – $0.22 Platinum* $353.00 – $3.50 Nickel** $ 2.00 – $0.03 Lead** $ 0.17 – $0.01 Copper $ 0.87 – $0.03 Zinc $ 0.40 $0.00 Courtesy of Scotia…
Amcorp options bet
With a letter of intent to earn a half interest in the Montana Mountain property near Carcross, Y.T., Amcorp Industries (VSE) expects to begin a minimum 5-hole drilling program shortly. Amcorp can ear…
Exall banking on small-scale mine for cash
Small-scale production on an alluvial gold deposit on the Yaqui River in Sonora, Mexico, is under way, Exall Resources (TSE) reports. The company has stockpiled 45,000 cu. metres of mineralized gravel…
NovaGold builds land position in Baie Verte, Newfoundland
Toronto-listed NovaGold Resources has bought four properties on the Baie Verte Peninsula in north-central Newfoundland. The properties are near the company’s Pine Cove deposit, which has a minable res…
Cameco signs deal with Kazakhstan
Toronto-listed Cameco has signed a deal to help develop uranium deposits in Kazakhstan, a former republic of the U.S.S.R. The 10-year agreement calls for Cameco and Uranerz Exploration & Mining to sha…
Open pit begun at Casino project
With drilling continuing at the Casino copper-gold project in southwestern Yukon, owner Pacific Sentinel Gold (VSE) has released a preliminary estimate of reserves for a starter pit within the larger …
Dispute settled
The Barry Lake joint venture has settled with Cominco (TSE) and Agnico Eagle Mines (TSE) over disputed claims next to Barry Lake’s Lac Rouleau Zone 18 discovery. The joint venture, a 50-50 deal betwee…