Articles by Northern Miner Staff

Vancouver-based Maymac Petroleum (VSE) has paid $US500,000 for the Crescent Valley placer gold mine within Nevada’s Battle Mountain Trend. The property consists of 8,500 acres and a mill capable of pr…

A staking rush is heating up near Yellowknife, N.W.T., fueled by reports that a local prospecting syndicate intersected kimberlitic material while drilling a blind geophysical target about 25 km south…

Ruby Mountain Mines (RUB:VSE) has changed its name to Syrus Capital on a 1-new-for-3-old-share basis.

Aiming to extend the life of its Winston Lake mine in northwestern Ontario, Metall Mining (TSE) has begun underground exploration of the nearby Pick Lake deposit. A 2.5-km.-long drift, costing $2 mill…

Members of both the New York Mercantile Exchange (Nymex) and the Commodity Exchange (Comex) of New York voted recently in favor of merging the two futures exchanges. Nymex, the world’s major trader of…

In recent months, senior mining companies have offered more than $700 million to acquire four large copper and copper-gold deposits in various parts of the world. Mining analysts predict that another …

With just a few months left until startup, Aur Resources (TSE) has stunned the mining community by downgrading reserves at its Louvicourt base metal project, near Val d’Or, Que., by 41% Following Aur’…

Shareholders of Armistice Resources (ME) have been issued rights to buy one share for each four shares held, at a price of 18 cents. The rights were issued to shareholders of record on April 8, 1994, …

Terms of a previously announced private placement for TVI Copper (ASE) have changed. The number of special warrants to be issued has increased to 5 million from 3.7 million for gross proceeds of $4 mi…

A private placement consisting of 43 million shares at 50 cents each has been arranged by Alberta-listed Advanced Material Resources (AMR). Proceeds from the $21.5 million placement will enable AMR to…

Drilling on the Damoti Lake project north of Yellowknife, N.W.T., has returned the highest-grade hole to date. Hole D-43 intersected 6.7 ft. (from 271.0-277.7 ft.) grading 0.26 oz. gold per ton plus a…

An underwriting group lead by Burns Fry has made a firm commitment to buy 7.6 million special warrants of Dayton Mining (TSE) at $4.50 each for total proceeds of $34 million. The financing paves the w…