Junior takes on Armenian venture
A junior company is being granted exploration and mine development rights covering the whole of Armenia, an area of almost 30,000 sq. km. If the assignment agreement is approved by regulators, Rome Re…
Articles by Northern Miner Staff
LETTERS TO THE EDITOR — Assay accuracy not linked to cost
It is disappointing to see that, for some, cost of analysis is still the indicator of the accuracy of that analysis; that is, the more it costs, the better the result must be. I refer to the front-pag…
Stable copper market projected
Copper consumption in the Western world will continue to grow around 2% per year during the decade. We (Phelps Dodge) see the strongest growth coming from the Far East as infrastructure needs continue…
ASE requests new assays
The Alberta Stock Exchange (ASE) is taking several junior companies to task for reporting assay results performed either by a method other than the fire assay technique or by a laboratory not acceptab…
Pikes Peak sold
Nerco Minerals is now a discontinued operation of parent Nerco (NYSE), which, earlier this year, announced it was disposing of investment in precious metals. Nerco subsequently sold to Kennecott the N…
Lytton principals take profits
Some officers and directors of Lytton Minerals (TSE) emerged as sellers of the diamond stock in mid-April. According to the Ontario Securities Commission’s OSC Bulletin, Director Donald Smith sold 90,…
Drillers mark half-century
The Canadian Diamond Drillers Association (CDDA) celebrated its 50th anniversary in early May amid the sun and fun of this hospitable southern U.S. city. The celebration was part of the Spotlight 93 c…
Falconbridge Gold posts quarterly loss, plans to focus on
At its annual meeting in Toronto, Falconbridge Gold (TSE) reported a loss of $343,000 (2 cents per share) in the first quarter compared to earnings of $802,000 (5 cents per share) in the same period l…
Gold’s rise may signal end to the long bear market
The price of gold rocketed to a high of US$385 per oz. on May 19 from a low in March of about $326. At presstime, the price had sagged, presumably as a result of profit-taking, to $373. Peter Allen, p…
Noranda hits base metals along Wollaston U belt in northern
A 3,700-metre winter drill program in the Foster Lake area of northern Saskatchewan has yielded significant zinc and copper values for Noranda Exploration, a division of Noranda (TSE). At Hewetson Lak…
Aurizon drilling Bruneau prospect
A 6,000-ft. drill program is under way on the Bruneau gold property, 31 miles southeast of Matagami, Que., reports Aurizon Mines (TSE). Soquem, which is testing geophysical anomalies associated with t…
Azco arranges financing for Sanchez copper mine
Recent financing arrangements have set the stage for Azco Mining (TSE) to bring the Sanchez operation into production in southeast Arizona. The copper project is one of three held by the company in th…