Thumbs down on Ashdown
High royalty and net profit payments on the Ashdown gold property in Humboldt Cty., Nev., have led International Mahogany (TSE) to conclude the property is uneconomic. Subsequently, Mahogany has termi…
Articles by Northern Miner Staff
NEWS ROUNDUP — Aquiline options ground to Noranda
Mining giant Noranda (TSE) is demonstrating interest in three Mexican copper properties belonging to Aquiline Resources (VSE). The properties — La Reyna, La Vista and La Joya — are all in the southw…
NEWS ROUNDUP — Kennecott expands Trendline
The Trendline gold property in Nevada has been expanded by 1,300 acres, raising the total acreage to 3,200. Kennecott can earn a 65% interest in the property from Cathedral Gold (TSE) by spending at l…
NEWS ROUNDUP — Battle Mountain options Idaho ground
A joint-venture agreement enables Battle Mountain Gold (NYSE) to earn a 60% interest in the Morning Glory property from Formation Capital (VSE). The property is in east-central Idaho. To earn the inte…
NEWS ROUNDUP — Republic finds zone in Cuba
A previously unrecognized volcanic basin has been found on the Purial mineral concession in eastern Cuba. Republic Goldfields (VSE) reports that the basin measures 22 by 19 miles and hosts at least se…
NEWS ROUNDUP — Teddy completes private placement
Proceeds from a $6-million private placement will be used to help fund development of the Holloway gold project in northeastern Ontario. Teddy Bear Valley Mines (CDN) has a 15.35% interest in the proj…
NEWS ROUNDUP — New Canamin studies Huckleberry
A milling study is under way at the Huckleberry porphyry copper property near Houston, B.C. Owner New Canamin Resources (VSE) is investigating the potential economic effects of milling 25,000 tonnes p…
Omai testifies to leadership skills — Cambior’s Louis Gignac
Back in 1986, before Louis Gignac accepted the opportunity to head up a public mining company holding the crown jewels of Quebec’s government-owned Soquem, he wanted assurances that the company would …
Pangea advances gold projects
Exploration efforts on Pangea Goldfields’ (TSE) Tanzanian gold projects continue to yield encouraging results. The company has completed 3,700 metres of reverse-circulation (RC) drilling and 1,000 met…
Glamis eyes Golden Queen
Producer Glamis Gold (TSE) has agreed to merge with junior Golden Queen Mining (TSE) by issuing one share for every five shares of Golden Queen held. The merger, subject to shareholder and regulatory …
Pacific Comox teams with Anglo
A subsidiary of Anglo American has acquired right of first refusal to joint-venture new projects identified by Pacific Comox Resources (VSE) within a 16,000-sq.-km area of southwestern Ghana. Anglo wi…
Partners advance McDonald deposit
The so-called “7-up Pete” joint venture of Canyon Resources (NASDAQ) and Phelps Dodge (NYSE) has initiated the permitting process in order to bring the McDonald gold deposit into production. Situated …