Siderock showings in Manitoba
Reporting encouraging showings this past summer from its Bissett area gold claims in Manitoba was private company Siderock Gold. The company says sampling grades ran up to 39 grams gold per tonne and …
Articles by Northern Miner Staff
Lac boosts loan by US$100 million
A US$70 million, 5-year loan to Lac Minerals (TSE) has been increased to US$170 million. The new loan, arranged with a syndicate of Canadian and international banks led by N.M. Rothschild and Sons, wi…
Proposals sought for graphite play
A Bermudian mining finance and investment company listed in Luxembourg, European Mining Finance (EMF), says it is trying to find a buyer or partner for a graphite property north of Kingston, Ont. EMF …
MINING IN MEXICO — PROJECT ROUNDUP — War Eagle drilling at
Vancouver-based War Eagle Mining (VSE) has the right to acquire a 99% interest in the La Blanca property in Chihuahua, Mexico, by making staged payments totalling US$770,000. The property is subject t…
MINING IN MEXICO — PROJECT ROUNDUP — Azco exploring pair of
Two large porphyry copper-oxide projects belonging to Azco Mining (VSE), Piedras Verdes and Suaqui Verde, both in the Mexican state of Sonora, are candidates for development using solvent extraction, …
MINING IN MEXICO — FMC establishes Mexican subsidiary
Chicago-based FMC Gold (NYSE) recently incorporated Minera FMC as a Mexican subsidiary to facilitate exploration efforts in Mexico. The company reports that it is encouraged by initial exploration eff…
MINING IN MEXICO — Granduc to acquire La Choya interest
Although best known for mineral projects in northern British Columbia, Granduc Mines (TSE) plans to buy a 25% interest in the advanced La Choya gold project in northwestern Sonora, Mexico. At last rep…
MINING IN MEXICO — Kalahari, Kennecott partners in Mexico
An active player in the diamond rush in Canada’s Northwest Territories, Kalahari Resources (VSE), has also taken on several exploration projects in Mexico. Earlier this year, the company announced det…
Ontario report lists incentives, seeks advice
Ontario is calling for a strategic partnership between the province’s mining industry and the provincial government to address issues facing the industry. In a recent discussion paper, the Ontario Min…
NEWS ROUNDUP — NovaGold starts copper production
Open pit mining is now under way on the copper zone at the Murray Brook mine in New Brunswick, reports owner NovaGold Resources (TSE). The company will ship its first load of copper concentrate to Fal…
NEWS ROUNDUP — Sherritt offering raises $60 million
A $60-million public offering of 7.5 million Sherritt Gordon (TSE) units closed recently. The units, consisting of one common share plus one-half a warrant, were sold on a bought deal basis for $8 eac…
NEWS ROUNDUP — Wharf purchases Golden Reward mine
A purchase agreement that gives Wharf Resources (TSE) a 60% interest in the Golden Reward gold mine near Lead, S.D., for US$21.3 million is complete. Under a new partnership with MinVen Gold (TSE), Wh…