Hebert expects buyer to emerge for Audrey
A document containing details of the Mobrun polymetallic mine feasibility study, completed recently by Audrey Resources (TSE) and Minnova (TSE), has been delivered to about 20 companies. Audrey Presid…
Articles by Northern Miner Staff
Harvey to remain as Hemlo President
Despite rumors to the contrary, Hemlo Gold Mines (TSE) President John Harvey says he has no plans to resign from his position. Harvey says he hopes to continue as president of the 50.8% owned Noranda …
NEWS IN BRIEF Coronada Resources Inc.
Coronado Resources Inc. (CRD:VSE) has changed its name to Iron King Mines Inc. (IRK:VSE) with a consolidation of capital on a 1-new-for-3-old-share basis. The transfer agent is Montreal Trust.
Echo Bay takes $40-million writedown on Alta Bay venture
Echo Bay Mines (TSE) is taking a substantial writedown on its 40% interest in the Alta Bay joint venture this quarter. The US$39.7-million writedown, which includes half of Echo Bay’s US$41.3-million …
COATS (Over-the-counter) Anglo gains exposure
In the midst of continent-wide dog-and-pony show to raise money for further exploration on the Ladner Creek gold project in British Columbia, Anglo Swiss Mining gained 5 cents on 189,783 shares to clo…
Alberta Stock Exchange Ontex gains 70 cents
A recent Ontario court decision which restored Ontex Resources’ title to the Brookbank gold property in northern Ontario boosted that company’s shares 70 cents to $2.90 in the week ended Dec. 18. The …
Eastmaque and major shareholder at odds
An apparent falling out over the conversion of its preferred shares into common shares has Eastmaque Gold Mines (TSE) at odds with its major shareholder, VenturesTrident. VenturesTrident filed a lawsu…
Vancouver Stock Exchange The Grinch who stole Murray’s trading
With the Vancouver Stock Market already scraping bottom, the announcement of a year-long trading ban on Murray Pezim didn’t seem to have much of an effect. The Vancouver Composite Index remained virtu…
Redfern’s John Greig predicts strong showing for base metals
Among Canada’s notable mineral deposits of recent years is the Tulsequah Chief property in British Columbia, owned 40% by Redfern Resources and 60% by Cominco Ltd. Three years of underground drilling,…
EDITORIAL PAGE Learning politics
“I learned the trade in Ireland when I went there to develop a mine that was going to represent 10% of the Irish economy — the largest mine in Europe — and I was in my thirties — and not one person…
LAC cuts 145 ft. of 0.29 oz. at Rosebud full results held back
Drilling on the Rosebud property has cut a 145-ft. intersection grading 0.29 oz. gold and 0.94 oz. silver per ton from 637 ft. to 782 ft. The hole including a 60-ft. section grading 0.62 oz. gold and …
U.S. REPORT Hecla purchases two U.S. feldspar mines
Idaho-based Hecla Mining (NYSE) has purchased all the outstanding stock of Indusmin from a subsidiary of Falconbridge Ltd. and from Unimin Corp. The acquisition includes two feldspar mines and a proce…