Articles by Northern Miner Staff




NEWS IN BRIEF Placer ups stake in VSM

Placer Dome (TSE) has purchased another 1.4 million common shares of VSM Exploration (TSE) at a price of $1.07 per share. The acquisition increases Placer Dome’s interest in the junior from 50.7% to 5…


Alberta Stock Exchange New plays liven market

Investors greeted summer exploration plans with enthusiasm during the week ended June 18, driving up the share prices of Cochise Resources, Peter Island Resources and Northern Abitibi Mining. Gaining …



OBITUARY Peter Edwin Graham

Peter Edwin Graham, who in 1975 formed Graham Mining Ltd. with his father and built it into one of Ontario’s major mine contracting firms, died in Thunder Bay, Ont., June 11 of a massive brain hemorrh…


Yorbeau raises new financing

First closing of a private placement raised $400,000 for Yorbeau Resources (TSE), the company reported. The deal was intended to raise a maximum of $500,000 through the sale of up to 500 units. Each u…



NEWS IN BRIEF Inspiration accepts Minorco offer

Inspiration Resources (TSE) has accepted Minorco’s recent $100-million offer to purchase from Inspiration all of the shares of Hudson Bay Mining & Smelting (TSE). If the deal goes through, it will ena…


Mining begins at Mystic

Profits of US$6 million are expected to be realized by Fischer-Watt Gold (NASDAQ) and a joint venture partner from their recently opened Mystic gold mine north of Phoenix, Ariz. During the next nine …


Drill results from Myra Falls

Ongoing drilling by Westmin Resources (TSE) at its Myra Falls mine property returned two relatively narrow intersections of massive sulphide mineralization. The company is testing a new high-grade ma…


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