Canuc completes new rights offering
A rights offering has netted Canuc Resources (CDN) about $510,000. The capital infusion will, once again, enable Canuc to explore for minerals. The company is currently evaluating two gold properties …
Articles by Northern Miner Staff
Argentina seeking increase in new foreign investment
Argentina’s finance minister, Domingo Cavallo, has urged foreign companies to increase investment in his country, especially the transport, energy and communications industries. At a Multisectoral Inv…
Nuclear industry shows multiple returns to taxpayers
The $4.7 billion that Canadian taxpayers have put into the nuclear industry during the past 40 years has been returned many times over, says a report sponsored by Atomic Energy of Canada and undertake…
Nebex drilling Northbelt gold bet
One drill has started turning on the Northbelt gold property, immediately north of the Giant mine of Royal Oak Mines (TSE) in Yellowknife, N.W.T. Calgary-based Nebex Resources (ASE) is financing 15,00…
LAST BUT NOT LEAST…Glen Auden completes IP in Quebec
Glen Auden Resource (CDN) has completed an induced polarization (IP) survey on its claim group in Casa Berardi Twp., Que. The survey outlined an IP anomaly with a strike length of 400 metres and furth…
ODDS’N’SODS — Pilot navigates safe flight home after making
Leigh Britnell was a pilot for Western Canada Airways at Sioux Lookout, Ont. He flew a new Fairchild Aircraft G-CAIE. One late October day in 1927, he loaded it with supplies for the Jackson Manion go…
Production shutdowns cost Inco
At a meeting with financial analysts in Toronto, nickel miner Inco (TSE) revealed that recently announced production shutdowns are expected to cost the company US$80 million. The shutdowns at the comp…
Evidence presented in Denison hearing
The presentation of evidence in the arbitration hearing between Denison Mines (TSE) and Ontario Hydro ended in early November. Each side will summarize the evidence and complete presentation of argume…
Eldorado acquires Argentinian ground
Through staking, options to purchase and joint ventures, Eldorado (TSE) now has mineral rights to 1,000 square miles in northwestern Argentina, along the Chilean border. The claims extend for 75 miles…
Rio Algom releases assays from Lockwood joint venture
Drilling on the Lockwood property near Everett, Wash., has returned semi-massive-to-massive sulphide intersections in four of five holes. The property is owned 65% by Island-Arc Resources (VSE) and 35…
NEWS ROUNDUP — Spruce Ridge to drill Madoc property
A second phase of drilling will be carried out in early December on the Cooper Gold property, near Madoc, Ont. Drilling to date has outlined a gold zone containing 41,193 tons grading 0.24 oz. gold pe…
PEOPLE — TAURUS EXPLORATIONS
Stuart Rogers appointed director. N5…