Cornucopia bids for Minerex
Flush with cash after the sale of a 25% interest in the Ivanhoe property to Newmont last year, Cornucopia Resources (TSE) recently entered an agreement-in-principle with Canada Tungsten Mining (TSE) t…
Articles by Northern Miner Staff
Galactic files for bankruptcy
Less than a year after completing a restructuring, Galactic Resources (TSE) has filed an assignment in bankruptcy under the laws of Canada. After selling its 50% interest in the Ivanhoe gold property …
LATIN AMERICA — Corner Bay builds Mexican holdings
Through staking and property options, Corner Bay Minerals (TSE) has acquired a 3,474-hectare land position in the Chihuahua state of Mexico, not far from the Texas border. Corner Bay will map and samp…
Thunderwood, Aur in joint venture — New Jones Hill
The Jones Hill volcanogenic massive copper-zinc sulphide deposit north of Albuquerque in north central New Mexico will be explored by Thunderwood Resources (TSE) and Aur Resources (TSE) under a joint …
Ocean drilling withdrawal by Canada sparks furor
Canada’s decision to pull out of a major international ocean drilling effort has put the collaborative program in jeopardy and cut the mining industry off from a valuable source of exploration researc…
Wayside drilling continues
Underground drilling at the Wayside mine near Goldbridge, B.C., is continuing in an effort to test the former producer’s future potential. Joint venture partners Wayside Gold Mines (VSE) and Brigadier…
EDITORIAL PAGE — Capital spending plans
The good news is that governments are paying more attention these days to aging infrastructure, such as roadways and sewage systems. The bad news is that drivers using newly constructed highways may f…
COMMENTARY — Foreign borrowing grows
Our nation’s financial condition — as represented by unsustainable trends of both government and foreign debt — clouds the immediate recovery prospects. And if not corrected, these debts will stunt …
LATIN AMERICA — Bethlehem looks to Venezuela
Dundee International and CMP Resources recently reached an agreement to form a joint venture for the exploration, development and operation of mining projects in Venezuela. In concert with the joint v…
LETTERS TO THE EDITOR — Tatshenshini-Alsek for all
I am responding to the article “Tatshenshini-Alsek area grows in recreational use” (T.N.M., Jan.18/93). I am one of the 1,000-plus people who visited the Alsek River last year. As a mining professiona…
METAL PRICES — FREE MARKET (February 22, 1993)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Feb. 16 Feb. 15 Feb. 12 Feb. 11 Feb. 10 Copper 1530-1531 1557-1558 1559-1560 1563-15…
LATIN AMERICA — Durango’s Barrancas region a potential new
Only in a few areas of Mexico is gold the major ore in the local economy. One of these areas is in Durango state, between the towns of Pueblo Nuevo and Jocuistle in a geological region known as “Barra…