Yellowknife benefits from diamond rush
The exploration boom in the Northwest Territories is having a dramatic impact on select businesses in Yellowknife, but the capital city is not expected to enjoy any widespread economic fallout until m…
Articles by Northern Miner Staff
Minnova plans LeMare drilling
A total of 3,300 ft. of drilling is planned on the LeMare property under option to Minnova (TSE). Minnova can earn a 60% interest in the property from Stow Resources (VSE) by spending $1.5 million by …
Hemlo Gold to fund Moss Lake drill program
A surface drilling program designed to test for higher-grade underground reserves at the Moss Lake gold property west of Thunder Bay, Ont., will get under way in early October, says Toronto-based Cent…
LATIN AMERICA ROUNDUP — Arimetco in deal with Fischer-Watt
An option agreement to earn an 80% interest in the San Andres gold project in Honduras has been entered into by Arimetco International (TSE) with Fischer-Watt Gold (NASDAQ) of Reno, Nev. To earn its i…
Azco proceeding with Sanchez
Planning for the Sanchez oxide project is proceeding, with owner Azco Mining (VSE) recently hiring engineering consultant Davy McKee to provide all engineering, procurement and construction management…
Cheni to mine new Lawyers zone
Infill drilling on a recently discovered small but very high-grade oreshoot at the Lawyers property has prompted Cheni Gold Mines (TSE) to proceed with mining the zone in the fourth quarter. The Lawye…
NEWS ROUNDUP — Rea sells QR gold deposit to CMP
Subject to regulatory approval, Rea Gold (TSE) has agreed to sell its QR gold property near Quesnel, B.C., to CMP Resources (ME) for $450,000 plus 2.5 million shares of the company currently held by C…
Placer sells Big Bell interest
The 50% interest in the Big Bell gold mine in Western Australia belonging to Placer Pacific, the 75.7% owned subsidiary of Placer Dome (TSE), has been sold to Poseidon Gold of Australia for about US$8…
Kalahari tests mag anomaly in Quebec
Vancouver-based Kalahari Resources (VSE) recently optioned 1,000 claims in the Eastern Twps. of Quebec from Peter Ferderber and Associates in exchange for 300,000 shares. The claim group, called the A…
Industry, governments extend funding for MEND research
Representatives of the mining industry and five governments have signed a memorandum of understanding which will add another four years and $5.5 million to an environmental research program. The agree…
Heenan undergoes restructuring
After a rather drastic restructuring, Heenan Senlac Resources is making something of a comeback. Its shares were suspended from trading on The Toronto Stock Exchange in April, 1990, for failure to mee…
SEG, KWG continue Granada work
Joint venture partners SEG Exploration (ME) and KWG Resources (ME) are proceeding with the collection of a bulk sample from their Granada gold property near Val d’Or, Que. The 20,000-ton sample will b…