San Fernando adds to treasury
Additional funds are now in hand for continued exploration of La Fortuna, a gold-copper property in Mexico’s Durango state. Owner San Fernando Mining (VSE) has completed a private placement of 1.9 mil…
Articles by Northern Miner Staff
THE LATIN BEAT — Bolivar Goldfields outlines gold resource
Based on drilling and trenching results, Bolivar Goldfields (VSE) estimates an initial resource of 700,000 oz. gold for its Tomi concession in Venezuela’s Bolivar state. Most of this is contained in h…
NEWS ROUNDUP — Manhattan active in Mexico, Nevada
Shares of Manhattan Minerals have begun trading on the Toronto Stock Exchange. The company has received approval for its final prospectus, along with funds from the financing previously held in escrow…
THE LATIN BEAT — Joutel encouraged by Cuban trenching
Trenching at the Barite zone on Joutel Resources’ (TSE) Sierra Maestra concession in Cuba has yielded encouraging gold values. Recent sampling returned values of 0.053 oz. per ton across 131 ft. in Tr…
Lac Minerals: a mining company built by father and son
In the past two decades, Peter Allen has taken his father’s collection of small mining companies and turned them into a single, big-league gold player. And now Royal Oak Mines (TSE) — a company barel…
Antares ups reserves at Lady Lina
Exploration and underground development have led to a significant increase in reserves at Antares Mining’s (TSE) Lady Lina gold project in Zimbabwe. Since Jan. 31, probable reserves and indicated reso…
Taseko fleshes out Fish Lake operation
Development of the Fish Lake copper-gold deposit, southwest of Williams Lake, B.C., is coming into focus for owner Taseko Mines (VSE). Consultant Kilborn Engineering Pacific is nearly finished a prefe…
Kalahari active near Kirkland Lake
Salt Lake City-based Kennecott can earn a 25% interest in Kalahari Resources’ (VSE) Murdoch Creek property, east of Kirkland Lake, Ont. In return, Kennecott must spend $1 million on exploration over 1…
Drilling planned for Goldstream play
Two areas of the Goldstream property, near Revelstoke, B.C., will soon be explored. Joint owners Bethlehem Resources (TSE) and Goldnev Resources (VSE) plan to test the grade and thickness of the orebo…
LAST BUT NOT LEAST — Blue Hill exploring Fort MacKay
A ground magnetic survey has begun on Blue Hill Capital’s (ASE) Athabasca No. 108 gold project to define possible drill targets. The property, situated near Fort MacKay, Alta., is a crown mining lease…
LAST BUT NOT LEAST — Canarc tops up treasury
The exercise of share purchase warrants gives Canarc Resources (VSE) an additional $7.5 million in working capital, raising to $12.5 million the amount of cash on hand. The company is carrying out a $…
Victoria Graphite in production
Production of flake graphite has begun at Victoria Graphite’s (CDN) property near Portland, in southeastern Ontario. Full-scale open-pit production is expected to be 10 tonnes per day from ore grading…