ODDS’N’SODS — Mine financing in the 1800s
Most of the mines now abandoned in the hills and mountains of Arizona, as well as those that are a part of open-pit operations, required outside financing to operate. Few miners had the money to opera…
Articles by Northern Miner Staff
LETTERS TO THE EDITOR — Philippines offers opportunity
Regarding your Commentary titled “Philippine mining struggles” (T.N.M., April 18/94), you failed to highlight the tremendous opportunities that exist because of the current plight of the industry in t…
Adrian to spin off Eskay Creek interest
TSE-listed Adrian Resources has retained Yorkton Securities to arrange the sale of its interest in the Eskay Creek gold project north of Stewart, B.C. As a result of a staking gap, Adrian holds a port…
New Canamin advances Huckleberry to feasibility
Junior New Canamin Resources (VSE) has contracted Kilborn Engineering to carry out a feasibility study of its Huckleberry property near Kemano, B.C. The company is in the midst of a 12,000-metre infil…
Mutual options West African project
VSE-listed Mutual Resources is planning a surface exploration program for its newly optioned gold concession in Burkina Faso, West Africa. The company recently entered an option agreement with Comidok…
Granduc closes financing
Toronto-listed Granduc Mining has completed a previously announced $3.5-million financing with Conwest Exploration (TSE) and Jascan Resources (TSE). Proceeds from the loan will be used to complete Gra…
Government, MAC fund enviro study
The federal government, the Mining Association of Canada (MAC) and four provinces (British Columbia, Ontario, Quebec and New Brunswick) are collaborating in an attempt to identify economical ways to m…
Regional sells Fairfield shares
Junior Regional Resources (TSE) has sold 1.7 million shares of Faifield Minerals (TSE). Proceeds amount to $5 million. Some of the shares were sold under an option agreement for $1.10 per share. An ad…
Threat of layoffs looms over Inco’s workforce
Nickel giant Inco (TSE) is getting tough in global markets by launching a 2-pronged attack — cutting costs to US$2.25 per lb. and expanding operations to raise total output by 20% over the rest of th…
Sudbury Contact continues drilling Victoria Creek
More encouraging results have been reported from the Victoria Lake gold project near Larder Lake, Ont. So far, Sudbury Contact (TSE) has drilled 18 holes, totaling 20,642 ft., and the work has confirm…
CDDA may undergo change of name
The Canadian Diamond Drilling Association (CDDA) is considering changing its name to better reflect the drilling industry as a whole. A motion was put forward at the annual general meeting in Montreal…
NEWS ROUNDUP — Exroy raises funds for W. African work
In a private placement, Exroy Resources (CDN) will issue 750,000 treasury common shares at 20 cents each and warrants exercisable for a 2-year period at 20 cents, for an additional 250,000 treasury co…