Louvem completes financing
Montreal-based Louvem Mines (TSE), a subsidiary of St. Genevieve Resources (TSE), has completed a $700,000 private placement with a group of four investors. Pursuant to the placement, Louvem will issu…
Articles by Northern Miner Staff
Kalahari drills large anomalies
Kalahari Resources (VSE) has re-entered a 2,036-ft. hole drilled seven years ago on a 25-sq.-mile magnetic anomaly in Quebec’s Eastern Twps. To test the source and base metal potential of the anomaly,…
ODDS ‘N’ SODS — Anne Evelyn Wilson: a heroine to Canadian
Women working in geology today may think they are pioneering in a predominantly male field. But the real pioneer was from an earlier generation. Canada’s first female geologist was Alice Evelyn Wilson…
Junior takes on Armenian venture
A junior company is being granted exploration and mine development rights covering the whole of Armenia, an area of almost 30,000 sq. km. If the assignment agreement is approved by regulators, Rome Re…
LETTERS TO THE EDITOR — Assay accuracy not linked to cost
It is disappointing to see that, for some, cost of analysis is still the indicator of the accuracy of that analysis; that is, the more it costs, the better the result must be. I refer to the front-pag…
Stable copper market projected
Copper consumption in the Western world will continue to grow around 2% per year during the decade. We (Phelps Dodge) see the strongest growth coming from the Far East as infrastructure needs continue…
ASE requests new assays
The Alberta Stock Exchange (ASE) is taking several junior companies to task for reporting assay results performed either by a method other than the fire assay technique or by a laboratory not acceptab…
Pikes Peak sold
Nerco Minerals is now a discontinued operation of parent Nerco (NYSE), which, earlier this year, announced it was disposing of investment in precious metals. Nerco subsequently sold to Kennecott the N…
Lytton principals take profits
Some officers and directors of Lytton Minerals (TSE) emerged as sellers of the diamond stock in mid-April. According to the Ontario Securities Commission’s OSC Bulletin, Director Donald Smith sold 90,…
Drillers mark half-century
The Canadian Diamond Drillers Association (CDDA) celebrated its 50th anniversary in early May amid the sun and fun of this hospitable southern U.S. city. The celebration was part of the Spotlight 93 c…
Falconbridge Gold posts quarterly loss, plans to focus on
At its annual meeting in Toronto, Falconbridge Gold (TSE) reported a loss of $343,000 (2 cents per share) in the first quarter compared to earnings of $802,000 (5 cents per share) in the same period l…
Gold’s rise may signal end to the long bear market
The price of gold rocketed to a high of US$385 per oz. on May 19 from a low in March of about $326. At presstime, the price had sagged, presumably as a result of profit-taking, to $373. Peter Allen, p…