Articles by Northern Miner Staff

Salvadoran joint venture extended

Drilling on El Dorado, a gold project in El Salvador, continues to extend the Nueva Esperanza vein discovery. The project is being explored under a joint venture among three companies: Mirage Resource…


INSIDER TRADING — Wheaton officers sell shares

Two officers of Wheaton River Minerals (TSE) sold shares in September and October. According to the Ontario Securities Commission’s OSC Bulletin, President Visco Jutronich sold 102,500 shares at $1.80…


MH encouraged by Mag Lake play

Encouraging gold and base metal values have been uncovered at MH Resources’ Mag Lake property in the Northwest Territories. The company is owned 40% by Noble Peak Resources (ASE), 40% by Dejour Mines …




Holmer arranges $1.3m financing

Toronto-based Holmer Gold Mines (ASE) has entered agreements with two investors to raise up to $1.3 million. The first private placement with MVP Capital (TSE) is for 1.2 million units at 30 cents eac…



Pioneer plans infill drilling

Infill drilling at Manitoba’s Puffy Lake gold mine should be under way by January, reports Pioneer Metals (TSE). The mine, northeast of Flin Flon, has been closed since 1989 and Pioneer hopes to retur…


NEWS ROUNDUP — Virginia, Placer in Quebec venture

Placer Dome (TSE) and Virginia Gold Mines (ME) have agreed to explore and develop various projects in northeastern Quebec. The terms of the agreement are as follows: * Placer will fund all expenditure…


NEWS ROUNDUP — Spirit trenches LaSalle concession

Junior Spirit Lake Explorations (ME) has completed two of three previously announced private placements for a gross amount totaling $300,000. Proceeds will go toward exploring the LaSalle concession i…


Promotional help available for industrial minerals

The industrial minerals industry in British Columbia will receive promotional help from the provincial government. “British Columbia produces about 20 different industrial minerals and could produce a…


DIAMOND PAGE — Diamond merchants make their pitch

Canadians have made progress but still have a long way to go when it comes to exploiting diamonds, according to two analysts who spoke at the recent Manitoba Mining, Minerals and Petroleum Convention….


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