Stratmin to fund pilot mill project
Graphite producer Stratmin (ME) has completed a private placement of 1.7 million shares and an equal number of warrants. The warrants are exercisable for one year at 52 cents each. The placement raise…
Articles by Northern Miner Staff
Gold bugs confident in metal’s fundamentals
Gold bugs have been watching, perhaps nervously, as the price of the yellow metal has drifted down. At presstime, it was trading in the US$380-per-oz. range, off from just below US$400 a few weeks ago…
Black Hawk offers special warrants
Toronto-based Black Hawk Mining (TSE) hopes to raise $5.3 million from a private placement of special warrants. Each special warrant will be $1 and will entitle the holder to receive one unit consisti…
Teck, Cominco funding Princeton
Funds for exploring the Elenita property in northern Chile are in hand for owner Princeton Mining (TSE). Teck (TSE) and Cominco Resources International (TSE) agreed to complete a $1.5-million private …
Monk completes private placement
In a private placement, Monk Gold & Resources (ASE) has raised $402,000 to cover capital expenses at the Cerro Mayal placer gold operation in western Argentina. The placement consists of 1.7 million t…
NEWS ROUNDUP — Vior, Soquem in option deal
Junior Societe d’exploration miniere Vior (ME) can earn a half interest in the Clairy Twp., Que., property of Soquem. Soquem, the Quebec Crown exploration company, cut a 0.3-metre intersection in 1988…
Western Quebec sees Eagle Lake potential
The Eagle River gold deposit near Wawa, Ont., has a new investor who is keen on bringing it into production. Western Quebec Mines (TSE) has agreed to pay $9 million to acquire control of the project f…
To the lost miners
Sudbury, Ont.-based Chris Pritchard wrote the following poem after reading about the accident late last year at the deep Macassa gold mine just west of Kirkland Lake, Ont., where the search continues …
ANC would restructure South Africa mining
A draft proposal of the African National Congress (ANC) to restructure South Africa’s mining industry is, in effect, a attempt at “nationalization” and would discourage foreign investors, according to…
Hendricks merging with Everdeen
Inactive Everdeen Resources has agreed to amalgamate with privately owned Hendricks Minerals of Canada. Before the amalgamation can take place, Hendricks must first obtain ownership of the issued and …
$5.5 million alloted for Golden Bear
About $5.5 million will be spent on a 3-phase program to explore the Golden Bear property in northwestern British Columbia. The property is owned by North American Metals (VSE) which, in turn, is 81% …
Raymor raises project funding
Proceeds from a $250,000 private placement will be used for exploration and definition drilling of a La Motte Twp. lithium property northwest of Val d’Or, Que. Raymor Resources (ASE) says previous wor…