Madeleine acquires Lac des Iles royalty
Toronto-based junior Madeleine Mines (TSE) has acquired the operating profits interest in three of the four Crown mining leases that comprise the Lac des Iles platinum project near Thunder Bay, Ont. T…
Articles by Northern Miner Staff
NEWS ROUNDUP — Positive results at Prairie Creek
More assay results were released by San Andreas Resources (VSE) from its Prairie Creek Mine property 300 miles east of Yellowknife, N.W.T. Hole 92-10 returned 69.2 ft. grading 4.78% lead, 10.46% zinc …
Southern Africa attracts juniors
Southern Africa, home of some of the world’s largest diamond mines, has attracted several Canadian juniors aiming to become overnight diamond producers. Near Kimberley, South Africa, Stow Resources (V…
KWG finds diamonds at Bucke
Another kimberlite pipe in northeastern Ontario has yielded diamonds for its new owners. Having taken a 25-tonne sample from the Bucke kimberlite pipe near New Liskeard, Ont., partners KWG Resources (…
Bonfortel drilling is encouraging
Drilling at the Bonfortel copper-zinc-silver prospect near Joutel, Que., intersected volcanogenic sulphide mineralization, Consolidated Bonanza Metals (ASE) and Forbex Resources (ME) report. Five hole…
Cominco makes production cutbacks
Faced with rising zinc inventories and falling prices, Cominco (TSE) announced temporary shutdowns at its Trail smelter and Sullivan mine in southern British Columbia. The company plans to reduce zinc…
ODDS ‘N’ SODS — On the `Road to Resources’
When we completed the 200 miles of access road from Watson Lake, Yukon, to Canada Tungsten’s mine site in the Northwest Territories, we were surprised at the variety of traffic over the route. It was …
EDITORIAL PAGE — Trade and trade wars
While we don’t pretend to understand all of the intricacies of the international trade and tariff game, it seems strange that in this era of “freer trade,” expressions such as “trade war” and “dumping…
PROFILE — Metall’s Zeitler plans mining province around
The Northwest Territories, which provides a new frontier for mineral exploration and development, has attracted an increasing number of companies to place their bets there. Metall Mining, for one, is …
METALS MARKETS — High metal inventories a concern
The recession and the subsequent rise in metal inventories continue to generate misery and further announcements of cutbacks in the mining industry. Metal consumption is down almost everywhere to some…
Sutton drilling returns nickel
Drilling on the Kabanga nickel project in northwestern Tanzania returned a number of wide intersections for owner Sutton Resources (VSE). The drilling included a 16.09-metre intersection in one of the…
INSIDER TRADING — Attenborough bails out of Canhorn
Assistant Secretary Bruce Attenborough sold his holdings in Canhorn Mining (TSE) at the end of December, when the stock was trading at 5-year highs on speculation over a diamond concession in Africa. …