Articles by Northern Miner Staff

Metallica defines Cuyuni targets

CDN-listed Metallica Resources is preparing to drill 10 holes on a target outlined at its Cuyuni gold property in Venezuela. The target is one of five that were outlined in a program which recovered 3…


Newmont exercising pre-emptive rights

Denver-based Newmont Gold (NYSE) and a Peruvian-based company intend to take whatever steps may be necessary to pre-empt a proposed transfer of another partner’s interest in the Minera Yanacocha prope…



Cambior takes major writedown at Valdez Creek

Mining operations at the A8 pit of the Valdez Creek placer gold mine in Anchorage, Alaska, indicate the average grade is 30% lower than expected. Consequently, owner Cambior (TSE) has reduced the net …


NEWS ROUNDUP — Patrician hits mineralized horizon

Initial drilling by Patrician Gold Mines (ASE) on its Ikungu Peninsula property in northwestern Tanzania has intersected gold mineralization. Hole 1 intersected the Forest Reef, a thick exhalite horiz…


NEWS ROUNDUP — Black Hawk raises drilling funds

Junior Black Hawk Mining (TSE) has completed a private placement of 1 million flow-through common shares. Proceeds will be $600,000, some of which will finance drilling at the Redstone mine, south of …


Cyprus drills Noble Peak gold property

Drilling at the Southwin project in the Northwest Territories has resulted in several intersections of high-grade gold. The project, situated in the Keewatin district, is a joint venture between Cypru…


Titan secures land in Java, Indonesia

In two separate transactions, Titan Empire (CDN) has acquired eight concessions on the Indonesian island of Java. Titan recently acquired a 90% interest in the Indonesian company PT Kelsel Asri, which…


NEWS ROUNDUP — Aquaterre traces shear zone

Geological mapping and sampling on the Pilldolla property, 55 miles northwest of here, is outlining a mineralized shear zone. Aquaterre Mineral Development (VSE) acquired the property to follow up the…


NEWS ROUNDUP — Canmine drills holes at Island zone

Drill results from the Island zone on the Fer property in northern Manitoba suggest the gold-copper mineralization continues at depth. Canmine Resources (ASE) reports that a 2.9-metre section from hol…


NEWS ROUNDUP — Mirandor eyes Spanish Mountain gold

Junior Exploration Mirandor (ME) has arranged a $150,000 private placement. The funds, which consist of common shares priced at 20 cents each and one warrant per share valued at 26 cents, will be used…


Norcan arranges new financing

VSE-listed Norcan Resources has announced a private placement of 500,000 units at 60 cents each. A unit consists of one share and one warrant that entitles the holder to buy one additional share for 6…


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