Hope Brook: If at first you don’t succeed . . .
Beyond such factors as grade, mining method and metallurgy, successful mining requires efficient, constant throughput from mine to mill to tailings. In its previous incarnation, under former owners BP…
Articles by Northern Miner Staff
Zinc miner Curragh near bankruptcy
A steady decline in zinc prices combined with repercussions from the Westray mine disaster have taken Curragh (TSE) to the brink of bankruptcy. Shortly after suspending production at its Faro lead-zin…
LaRonde yields high-grade ore
Ongoing exploration of the 20th level of the LaRonde gold mine, near Val d’Or, Que., is yielding encouraging results. Drilling about 3,000 ft. east of the main shaft along the exploration drift, Agnic…
Cambior proposes a rights plan
Shareholders of Cambior (TSE) will vote at the May 6 annual meeting on a rights plan designed to protect them in the event of a hostile takeover bid. Shareholders would be issued rights entitling them…
Barytex plans reorganization
A proposed combination with private company Romanex Resources would result in a change in control for Barytex Resources. The reorganization calls for Sutton Resources (VSE) to subscribe for 1.75 milli…
Altai raising working capital
Two private placements, worth a combined $300,000, have been negotiated by Altai Resources (TSE) with American investors. One placement involves 428,572 units at 35 cents per unit and the other 375,00…
Kennecott,Centurion in joint venture
A preliminary agreement enables Kennecott to earn a 51% interest in several properties of Centurion Mines (NASDAQ). Most are in the vicinity of the Silver City townsite and Sunbeam mine, south of Eure…
Royal Oak ready to take on Windy Craggy
While other companies are rushing offshore to pursue opportunities, Royal Oak Mines (TSE) is picking up bargain-priced projects in its backyard. In early April, the company completed the purchase of t…
Kingswood buys Acadia shares
Toronto junior Kingswood Resources (ASE) will buy 12.2 million common shares (51%) of Acadia Mineral Ventures (TSE) from Hecla Mining (NYSE). In exchange, Hecla will receive five million treasury shar…
GUEST COLUMN — Caution advised in interpreting garnet data
Garnet is one of the most important indicator minerals used in the search for kimberlites, and the presence of purple Cr-rich pyrope is an almost-certain indication that one is on the right track. Oth…
San Andreas ups project reserves
San Andreas Resources (VSE) has updated preliminary reserves at the Prairie Creek project to about 3.2 million tons grading 13.4% lead, 15.6% zinc and 6.2 oz. silver per ton. San Andreas can earn a 60…
Moneta to drill at Godfrey Twp.
Drilling will resume in Godfrey Twp., near Timmins, Ont., where Falconbridge intersected a 1.5-metre interval grading 82.2 grams gold per tonne at a depth of 115 metres. Under an agreement with Falcon…