Battle Mountain to develop Reona
U.S.-based Battle Mountain Gold (TSE) plans to develop the Reona heap-leach deposit at its Battle Mountain complex in Nevada. The cost will be about $10 million. Reserves are about 13.5 million tons g…
Articles by Northern Miner Staff
Bursary fund honors Paul Young
Friends and early associates of the late mining engineer Paul Young have founded a student assistance bursary fund in his name. The Paul E. Young Memorial Fund is administered by The Walli Foundation …
GOLD FUNDS (May 10, 1993)
BGR Central Net Value $11.52 $5.63 Price $10.25 $5.75 Discount 11.02% 2.1% Value $64,523,000 $96,739,725…
Spot prices at a glance (May 10, 1993)
Week’s Price (US) Change Gold* $352.75 + $3.05 Silver* $ 4.25 + $0.20 Platinum* $374.15 – $0.60 Nickel** $ 2.67 – $0.01 Lead** $ 0.19 $0.00 Copper $ 0.82 – $0.03 Zinc $ 0.46 $0.00 Courtesy of Scotiaba…
Island Copper mine to close in 1996 — Garbage dump proposed
Tucked away in the tranquil fjord country of northern Vancouver Island, the Island Copper mine of BHP Minerals Canada is becoming the focus of some unfamiliar media attention. This large open pit has …
Caledonia, Falconbridge Gold report Zimbabwe gold find
The first phase of an exploration program near the town of Kwe Kwe, Zimbabwe, has turned up a gold discovery, Caledonia Mining (TSE) and its 48%-indirectly-owned subsidiary, Reunion Mining (Zimbabwe),…
Starmin, Adex sample anomaly
Encouraging preliminary results were received from rock-chip sampling one kilometre west of the Asia Pacific copper porphyry deposit in the Philippines, partners Starmin Mining (TSE) and Adex Mining (…
Correction (May 03, 1993)
Although a recent Burns Fry report rates the impact of a proposed royalty on Glamis Gold (TSE) as “severe” (T.N.M., April 26/93), the rating applies only if a royalty is placed on all U.S. reserves, i…
Home Ventures cuts mineralization
Home Ventures (VSE) has intersected a strong zone of pyrite and blue quartz mineralization in a second drill hole at the McGarry Twp. gold property near Larder Lake, Ont. The property, two miles east …
NEWS ROUNDUP — Marmora plans amalgamation
Two unlisted companies, Marmora Mineral Products and Gitennes Exploration, plan to amalgamate, and the new company, to be known as Gitennes Exploration, is expected to trade on the Canadian Dealing Ne…
Freegold vends Alaska ground
Amax Gold (NYSE) and Freegold Recovery (VSE) have agreed in principle to explore and develop the Golden Summit property in Alaska. Amax can earn a 51% interest by spending US$5 million over six years….
Monthly record for Castle Mountain
The Castle Mountain mine, in eastern California, produced 104,105 oz. gold in its first year of operation. Viceroy Resource (TSE), operator and 75% owner, said a monthly record of 10,297 oz. gold was …