Caledonia sells Richmont shares
Net proceeds of about $1.5 million were realized by the sale of its 1.36 million shares of Richmont Mines (TSE), says Caledonia Mining (TSE). Richmont reported gold production of 14,162 oz. during the…
Articles by Northern Miner Staff
Orco to drill three properties
Quebec junior Orco Exploration (ME) has announced that it will commence drilling on three properties in the Rouyn-Noranda area of Quebec within the next few weeks. The first program will be undertaken…
Skyline reviews funding options
After winding down exploration efforts at its claims in the Iskut River area of northwestern British Columbia this past summer, Skyline Gold (TSE) is reviewing its exploration and financing options fo…
Summer drilling work increases Williams Creek copper
As a result of this summer’s drilling on the Williams Creek copper-oxide deposit near Carmacks, Yukon, partners Western Copper Holdings (VSE) and Thermal Exploration (ASE) have upped preliminary reser…
Cameco to assess gold prospect in Kirghizstan
A gold deposit in the southeastern, mountainous region of the Republic of Kirghizstan has drawn the attention of Cameco (TSE). The Saskatoon-based company says it signed an agreement with the prime mi…
Central Crude plans two more holes
The fifth hole of a 5-hole drilling program at the Moss Lake project in northwestern Ontario cut a 62.3-ft. section grading 0.054 oz. gold per ton, Central Crude (TSE) reports. The program was designe…
Tri Origin placement
Toronto-based Tri Origin Exploration (TSE) has raised at least $550,000 through a private placement of 440,000 units at $1.25 per unit, the company reports. Each unit consists of one common share and …
Prairie Creek stepout drilling expanding tonnage potential
Stepout drilling on the Prairie Creek mine project 300 miles west of Yellowknife, N.W.T., continues to expand the project’s tonnage potential. San Andreas Resources (VSE), the operator on the property…
Metal prices return to 1991 lows
The metal and mineral sub-index of Scotiabank’s commodity price index dropped substantially again in October. After improving earlier in the year, most base metals have returned to late 1991 lows. Cop…
Latest Dia Met finds leave analysts dazzled
The news from Dia Met Minerals’ (TSE) Lac de Gras diamond property in the Northwest Territories just keeps getting better. Results from core and surface samples on the company’s claim block indicate t…
Falconbridge intersects pyrite-rich sulphides
Drilling by Falconbridge on the “A” Group of property owned by White Star Copper Mines (CDN) northwest of the Kidd Creek base metal mine in the Timmins, Ont., area intersected heavy sulphide mineraliz…
No trump deal
An agreement to acquire a 100% interest in 993059 Ontario Inc. from Kenora Prospectors & Miners (CDN) and a Toronto investor group has been cancelled, Trump Reserve Minerals (ASE) reports. Trump also …