Kimberlite trio found by Crystal
With the discovery of three new kimberlites in late 1992, the number of kimberlite pipes intersected in the Lake Superior area of the U.S. (Michigan and Wisconsin) now totals 15, reports Australia-bas…
Articles by Northern Miner Staff
Redaurum lines up mine financing
The price is $5 million. The prize is a 50% stake in a producing diamond property in Zimbabwe and the surrounding 13,474-hectare exploration permit. When Cornerstone Investments, a private Australian …
Crown Butte re-calculates reserves at New World
After reviewing results from the 1992 drill program, Crown Butte Resources (TSE) re-calculated geological reserves for its New World project in Montana. The advanced project is in an alpine region nea…
Concern raised over title claim
After a due diligence review, Venezuelan Goldfields (VSE) has expressed “serious concerns” that its proposed joint venture partner International Kengate Ventures (VSE) may have title problems relating…
Barrick decides to split stock
The success of American Barrick Resources (TSE) at the Goldstrike mine in Nevada is paying off for shareholders not only of Barrick but of Franco-Nevada Mining (TSE). Barrick announced a 2-for-1 stock…
Newmont boosts output slightly
Gold sales of 1,587,900 oz. were reported by Newmont Gold (NYSE) for 1992, compared with 1,576,900 oz. in 1991. Sales revenues (from gold) last year totalled US$546.4 million, compared with US$572.8 m…
Public meeting scheduled for Lac des Iles project
A public information session is to be held soon in Thunder Bay, Ont., to discuss environmental permitting for Madeleine Mines’ (TSE) Lac des Iles project. Madeleine hopes to bring its palladium-platin…
GUEST COLUMN — Nunavut looks to the future
A positive new investment climate is evident in the Northwest Territories now that the Inuit land claim has been settled. The negative attitude expressed by retired publisher emeritus M.R. Brown (“Car…
St Andrew focuses on West zone
Since opening its Stock Twp. gold mine near here in July, 1989, St Andrew Goldfields (TSE) has been fighting an uphill battle against low gold prices and a severe shortage of cash. With the recent min…
Rayrock offer
Rayrock Yellowknife Resources (TSE) has extended, until Feb. 8, the deadline for acceptance of an offer to holders of Rayrock’s $24.5 million 7.5% convertible subordinated debentures. Terms of the off…
Brunswick options PGE property
PGE Resources (ASE) has optioned its Devil’s Pike gold property in the Annidale area of New Brunswick to Brunswick Mining and Smelting (TSE). Under the agreement, Brunswick has 45 days to examine the …
Virginia begins drilling program
A drilling program is under way at the SAGAR-III gold-uranium property in the Labrador trough area of Quebec, Virginia Gold Mines (ME) reports. Aim of the program is to confirm the presence of one or …