Wheaton turns its attention to Costa Rica
Toronto-based Wheaton River Minerals (WRM-T) has added nearly 2 million oz.to its gold mineral base by acquiring the Bellavista gold project in Costa Rica from Minera Rayrock (MRN.Z-T).Wheaton conclud…
Articles by Northern Miner Staff
STOCK MARKET — TSE robust despite poor showings by golds, base metals — Positive results boost value of SouthernEra; royalty sisters Euro and Franco hold steady
The Toronto Stock Exchange shifted into high gear over the report period ended Oct. 7, setting records on each of the five trading days. The TSE 300 index closed the week at 7,209.93 for a gain of 169…
Crew Development picks up Zambian copper-cobalt mine
The Canadian-South African Consortium, in which Crew Development (CRU-T) holds a 48% direct and indirect interest, has acquired the Chibuluma copper-cobalt project from state-owned Zambia Consolidated…
Birch Mountain hits sulphides at Swift River
Drilling at Birch Mountain Resources’ (BMD-A) 12,000-ha Swift River property in southern Yukon has encountered sulphide mineralization in three of nine drill holes.Last summer’s exploration program in…
Atapa raises funds for Indonesian drilling
Junior Atapa Minerals (ATAp-C) has raised sufficient funds to continue drilling on its Cikotok and Cikidang gold properties in West Java, Indonesia.The recently closed $3.1-million private placement c…
PEOPLE – MONARCH
Lester Knight appointed vp of finance.
PEOPLE – MOLYCOR
David Madill elected director and John Fisher appointed CEO.
Partners extend copper zones at Lew
Drilling by partners Thunderwood Resources (THS-T) and Consolidated Abitibi Resources (CAQ-M) has intersected high-grade copper mineralization on the Lew volcanogenic massive sulphide property, 20 km …
Lyon Lake Mines launches Beta Vargas
Soon to join the ranks of gold producers, Lyon Lake Mines (LLL-M) reports that its wholly owned Beta Vargas open-pit gold mine in Costa Rica is operational.Thirty thousand tonnes of ore are being plac…
Mill problems beset Harker-Holloway mines
A mechanical failure in the grinding circuit at the Holt-McDermott mill, east of Matheson, Ont., is affecting both producing mines in the Harker-Holloway gold camp.Repairs are under way at the mill, w…
Dakota reorganizes Illinois Creek payments
The Illinois Creek gold mine, in west-central Alaska, was in trouble.Production was almost at a standstill because there was no water for the heap-leach pad. The contract miners had not been paid, and…
EDITORIAL — New uses for the precious metal — Gold rebounds
How long it will last, no one knows. But the recent upsurge in gold prices is the best news the mining and investment sectors have had for some time.And good news has been in short supply ever since t…