Virginia set to drill La Grande Sud
Drilling by Virginia Gold Mines (VIA-M) is about to test a new gold target at La Grand Sud in the James Bay region of Quebec.Recent surface work identified a shear zone associated with a major contact…
Articles by Northern Miner Staff
STOCK MARKETS — Juniors add little to record-breaking week
The Toronto Stock Exchange began and finished the past week at record levels, though mining stocks contributed little to the cause. The TSE 300 composite index rose 1.19% during the report period ende…
Phelps Dodge finds copper system
Exploration by Phelps Dodge (PD-N) has uncovered a copper system at the Cerro Verde project in Mexico’s Sonora state.The major is earning a 60% interest in the project from Corner Bay Minerals (BAY-T)…
Regional OKs Imperial merger
Shareholders of Regional Resources (RGL-T) have approved the company’s proposed merger with Imperial Metals (IPM-T).Regional’s principal asset is the Midway project, an advanced-stage silver-lead-zinc…
EXPLORATION ROUNDUP — Hixon, Golden Rule investigate Stenpad
Trenching on the Stenpad concession in the Asankrangwa district of western Ghana continues to uncover encouraging gold grades.Hixon Gold Resources (HXG-V) is exploring the 6,938-ha concession, with jo…
EXPLORATION ROUNDUP — Cyprus options copper property
American copper giant Cyprus Amax Minerals (CYM-N) has optioned the Chimborazo property in Chile to Inmet Mining (IMN-T) and Agate Bay Resources (ABE-V).The option agreement permits Inmet and Agate Ba…
EXPLORATION ROUNDUP — Prism acquires Nevada project
A drill program will be carried out on Prism Resources’ (PRN-V) newly optioned gold property in Nevada’s Battle Mountain trend.The land package consists of 13 unpatented claims, about 22 miles southea…
EXPLORATION ROUNDUP — Espalau options Latin prospects
Quebec-based Espalau Mining (EPU-M) has acquired options on two gold properties in Ecuador, and a third in Chile.In Ecuador, Espalau has the option of earning a half interest in two producing concessi…
Golden Knight Res. takes quarterly loss on chin
Higher exploration and administrative costs, combined with a writedown of the Comidok property in West Africa, have resulted in a third-quarter loss for Golden Knight Resources (GKR-T).While revenue l…
EXPLORATION ROUNDUP — Diadem Res. drills in three countries
With drilling programs under way in three countries, Diadem Resources (DIR-M) expects to be generating a steady stream of results from base metal projects in Quebec, a diamond project in California an…
EXPLORATION ROUNDUP — Avalon exploration portfolio made to order
Though it has captured more attention with its involvement in the Mazenod Lake play in the Northwest Territories, Avalon Ventures (AVL-V) holds a portfolio of properties that play directly to the comp…
West African Mining explores for gold deposits in Ghana
At a time when it is expanding its land holdings in Burkina Faso, West African Mining (SMF-E) is also drilling its Teleku-Bokazo gold property in neighboring Ghana.The Quebec-based junior can acquire …