Bethlehem to test Delta-1
Junior Bethlehem Resources (TSE) can earn a half interest in the Delta-1 gold-silver prospect in northern Mexico. Under an agreement with Levelland Energy & Resources (VSE) and Minera Delta, the compa…
Articles by Northern Miner Staff
William acquires gold project
Following completion of a due diligence review of the Malmani gold project in South Africa, William Resources (ME) has opted to acquire all shares of Ventra Gold Mines held by Braeside Investments. Ve…
Inco cutting staff, production resumes
Production at Inco’s (TSE) operations in Sudbury, Ont., and Thompson, Man., have resumed after a period of cutbacks. The Sudbury mines were closed for eight weeks whereas, at Thompson, operations were…
Granduc borrows funds for Keystone
Following their recent purchase of share positions in Granduc Mining, associated companies Conwest Exploration and Jascan Resources have agreed to lend Granduc up to $3.5 million. (All three companies…
OPINION — U.S. capital moves overseas for copper
A large amount of capital is moving out of the U.S. to foreign countries, particularly Chile, for exploration and development of copper mines. During the past 10 years, American producers have spent e…
Con. Nevada options Springs
Consolidated Nevada Goldfields (NASDAQ) has a 1-year option to buy the Springs gold property in north-central South Carolina. The vendor is Brewer Gold. The concession is 1 mile west of the Haile mine…
State permits for Fort Knox
State permits for the Fort Knox gold project in central Alaska are in place and Amax Gold (NYSE) expects federal approval from the Corps of Engineers in the near future. The capital cost of Fort Knox …
Inter-Rock options Mother Lode
Toronto-based Inter-Rock Gold (ME) has been active in southern Nevada, acquiring a new property and completing a 40-hole program on its Secret Pass deposit. The new property, known as Mother Lode, is …
NEWS ROUNDUP — Battle Mountain options Gold Creek
A New York-listed major familiar with skarn deposits will test such a prospect in western Montana. Battle Mountain Gold (NYSE) has signed an agreement with Blue Ribbon Resources (VSE) to earn a 60% in…
NEWS ROUNDUP — Amax drilling Robertson play
Five rigs are set to begin drilling at the Robertson project in Nevada’s Crescent Valley. The program will involve drilling 140 holes, for a total of 50,000 ft. Amax Gold (NYSE) can earn a 60% interes…
NEWS ROUNDUP — MIM free to sell Granges stake
Producer Granges (TSE) has failed to find a buyer for the 12.7 million shares in the company owned by MIM Holdings. The shareholding represents 37% of the issued shares in Granges and the agreement wi…
STOCK MARKETS — Concern over interest rates shakes resource
With gold drifting at the US$378-per-oz. level and major markets shaken over interest rate concerns, the Vancouver Stock Exchange traded lower during the period ended March 8. The VSE resource index s…