Detector options play near Musselwhite
Alberta-listed Detector Resources has inked a deal to earn a half interest in Wiscan Resources’ (TSE) Randall Lake gold property in northwestern Ontario. The 102-claim property is in the Opapimiskan L…
Articles by Northern Miner Staff
Metallica buys Venezuelan concessions
CDN-listed Metallica Resources has bought the Cuyuni I through VI concessions in Venezuela’s Bolivar state. The concessions, comprising 3,000 hectares, are in the historic alluvial mining camp known a…
NEWS ROUNDUP — Pegasus plans Diamond Hill work
Spokane, Wash.-based Pegasus Gold (TSE) plans to carry out underground exploration at the Diamond Hill property, 28 miles southeast of Helena, Mont. Diamond Hill hosts a steeply dipping skarn deposit …
LAST BUT NOT LEAST — Pangea reports Fenn-Gib results
Encouraging results are reported from winter drilling on the Fenn-Gib property, 20 km east of Matheson, Ont. In a 19,800-metre program, Pangea Goldfields (CDN) defined five zones of high-grade mineral…
Asbestos shareholders fight for settlement
A group of minority shareholders of Asbestos Corp. (TSE) has lost the first round in its legal battle against the province of Quebec, but it isn’t giving up the fight. The crux of the dispute, now bei…
ODDS’N’SODS — Heavy lifting in the north
Fortunately for the northern mining industry, the calm settling over “hot spots” such as Angola, Iraq and Somali has created easier access to Canada’s only civilian Hercules transport. Increased globa…
Con mine turnaround continues
Operations continue to improve at the Con underground gold mine in Yellowknife, N.W.T. Miramar Mining (TSE) reports that cash costs for the first three months of 1994 averaged, US$294 per oz., compare…
STOCK MARKETS — Despite pressure, TSE makes gains
Despite downward pressure from rising interest rates and falling bond prices, the Toronto Stock Exchange (TSE) still managed to gain ground over our report period, ended May 31. On May 31, the Bank of…
Damoti drilling extends BIF zone
Drilling at the Damoti Lake property north of Yellowknife, N.W.T., is returning encouraging results. Hole D-50 returned a 43-ft. intersection grading 0.094 oz. gold per ton, including a 12.1-ft. secti…
EDITORIAL PAGE — Exodus
Are Canadian mining companies somehow letting down the home side by jumping on the global bandwagon and acquiring projects everywhere from Peru to Mongolia? Or have the federal and provincial governme…
Cactus plans drill program
With drilling planned for three properties this summer, Cactus West Explorations (VSE) is gearing up for an active season. At least 40 reverse-circulation holes are planned on the Pamlico property sou…
LAST BUT NOT LEAST — Cheni options Mt. Skinner property
Vancouver-based Cheni Gold Mines (TSE) will acquire the Mt. Skinner gold property from privately owned Ottarasko Mines. Situated near the western extension of British Columbia’s Chilcotin River, the 1…