Paramount advances projects
Exploration programs are planned for the mineral projects of Paramount Ventures & Finance (VSE) in the Northwest Territories and Argentina. The junior holds varying interests in joint ventures compris…
Articles by Northern Miner Staff
Geddes raises cash by offering
A rights offering is expected to raise $1.6 million for Geddes Resources (TSE). The company plans to use some of the proceeds to fund its working capital deficit. Shareholders will be able to buy one …
Viceroy sinks debt, focuses on Africa
With a prepaid shipment of gold from the Castle Mountain mine in northern California, Viceroy Resources (TSE) has eliminated its gold loan 14 months ahead of schedule. The shipment amounted to about 9…
Metallica closes mine purchase
The purchase of a Mexican company provides Metallica Resources (CDN) with exposure to the famous Cerro San Pedro mining district. The Toronto-based junior now holds options to buy 25 concessions, tota…
Partners boost Yanacocha stake
Following a court ruling in their favor, Newmont Gold (NYSE) and its Peru-based partner, Buenaventura, will increase their ownership of the Yanacocha gold mine. The move comes after an attempt by Bure…
Cominco, Rio Amarillo test Bolivian silver projects
Partners Cominco Resources International (TSE) and Rio Amarillo (VSE) report that drilling is progressing on their Chachacomiri silver project near Potosi, Bolivia. Two diamond drill holes have been c…
Opawica performs sampling program
In southwestern Ghana, Opawica Explorations (TSE) is carrying out field work on two reconnaissance licences. Soil sampling is under way on the northeastern portion of the 1,500-sq.-km Enchi-Wiawso pro…
Tombstone active in Venezuela
Plans to acquire a copper-gold project in Honduras are not likely to cause Tombstone Exploration (TSE) to shift its focus away from Venezuela. The Vancouver-based junior holds several properties in th…
Fatality reported at Copper Rand
A miner was killed and another injured in an underground explosion involving methane gas at the Copper Rand mine of copper-gold producer MSV Resources (ME) at Chibougamau, Que. Rene Gauthier, 46, died…
Oliver drilling at Fairview
Diamond drilling has outlined a high-grade gold resource at the Fairview property in the southern Okanangan Valley of British Columbia. The 28-hole program, which totalled 12,707 ft., was carried out …
Freeport-McMoRan to divest non-mining assets in Indonesia
As a part of ongoing restructuring, Freeport- McMoRan Copper & Gold (NYSE) is divesting itself of many of its non-mining assets in Indonesia. In doing so, the Reno-based company hopes to be able to co…
INSIDER TRADING — Hemlo Gold senior officers granted stock
Three senior officers of Hemlo Gold Mines (TSE) were granted options in February. According to the Ontario Securities Commission’s OSC Bulletin, senior officer Ian Atkinson was granted 17,500 options …