Northern Crown adds to Mexican holdings
By acquiring an option on the 2,200-hectare Mesa property in Sonora state, Northern Crown Mines (VSE) has added to its holdings in Mexico. To earn the interest, the company must pay US$225,000 over fi…
Articles by Northern Miner Staff
Consolidated Nevada buys Nixon Fork
In buying all the issued and outstanding shares of Nixon Fork Mining, Toronto-listed Consolidated Nevada Goldfields has acquired 71% of the Nixon Fork gold project in central Alaska. As consideration …
AROUND THE GLOBE — Takla and Fairfield option Tanzania
Alberta-listed Tan Range Exploration has granted Takla Star Resources (ASE) and Fairfield Explorations (ME) an option to develop the Luhala and Ngula gold projects in Tanzania. Takla and Fairfield can…
LAST BUT NOT LEAST … Belmoral receives shareholder nod
Shareholders of Belmoral Mines (TSE) have approved a transaction which will take them out of debt and into oil and gas interests. Geopetrol Resources, a private Alberta company, has an option to buy t…
Hedman completes 4.2m-unit placement
A private placement of 4.2 million units at 12 cents each has been completed by Hedman Resources (ASE). Each unit consists of one common share and one warrant. The warrants can be exchanged for shares…
COMMENTARY — Gold price moves higher
There seems to be a cyclical element in the Western world’s gold production. It took 15 years, from 1951 to 1966, for annual production to rise by 75% to 1,285 tonnes (reflecting the development of th…
Stade buys shares
Calgary-based Golden Rule Resources (TSE) has agreed to buy 2.5 million units of Stade Exploration (ASE) at 26 cents per unit. Each unit will consist of a class A share and a share purchase warrant. O…
NEWS ROUNDUP — Ramrod adds to Cranbrook ground
Toronto-listed Consolidated Ramrod Gold has added to its ground position near Cranbrook, B.C., by entering an agreement to acquire the St. Joe claims, which lie north of its FORS and Vine properties. …
Saskatchewan gold mine — Cameco to test Contact Lake
Following the recent rise in the gold price and a revised feasibility study, Cameco (TSE) proposes to develop an underground test mine at the Contact Lake gold deposit in Saskatchewan. The deposit, 45…
Agnico raises US$44 million
Gold miner Agnico-Eagle Mines (TSE) expects to raise US$43.9 million through a public offering of 4.25 million common shares at US$11 per share. The offering is being made in the U.S., Canada and Euro…
Repadre warrants
Midland Walwyn Capital and Canaccord Capital will acquire six million special warrants of Repadre Capital (VSE) at $3 per warrant, to raise a total of $18 million. The underwriters have the option to …
Inco options Wilanour’s Red Lake play
Nickel giant Inco (TSE) can earn a 50% interest in four of Wilanour Resources’ (TSE) properties near Red Lake, Ont. Three of the properties — Wolf Bay, Slate Bay and Trout Bay — are base metal plays…