Court rejects Teck’s bid for copper mine
The government of Mexico will leave the Cananea SA copper mine up for sale, following a judge’s rejection of a recent $468-million bid by a consortium of mining companies. The bid by Cupriofera Canane…
Articles by Northern Miner Staff
New code sets B.C. mining standards
The British Columbia Ministry of Energy, Mines and Petroleum Resources has released an 11-part code covering health, safety, and reclamation in the mining industry. The Health, Safety, and Reclamation…
U.S. REPORT Piedmont makes new acquisition
The acquisition of MMC Holding Inc. by Piedmont Mining (NASDAQ) has been finalized at a total purchase price of US$3.5 million. Of this amount, US$1 million was paid in cash and the balance is payable…
Nexus changes name to Pacific Gold
Vancouver-based Nexus Resource (TSE) has changed its name to Pacific Gold Corp., and shareholders have approved a share consolidation on a 6-for-1 basis (6 Nexus for 1 Pacific). The consolidation brin…
Audrey hits fifth lens at depth Significant tonnage potential
Discovering new massive sulphide lenses is becoming part of the exploration routine at Audrey Resources’ (TSE) Mobrun polymetallic mine property near Rouyn- Noranda, Que. Since 1988, Audrey has uncove…
Sunburst seeks new partner for Tribag
Toronto-based Sunburst Exploration (TSE) says Noranda (TSE) has elected not to proceed with the second stage of an exploration program on Sunburst’s Tribag copper property in northern Ontario. The pro…
Belmoral selling Astoria stake, 40% of Yorbeau for $5 million
Cash-strapped Belmoral Mines (TSE) has agreed to sell its 50% stake in the Astoria gold property near Rouyn-Noranda, Que., to joint venture partner Yorbeau Resources (TSE). Belmoral is attempting to p…
Work starts at Unuk River project
A program of geological mapping and geochemical sampling is in progress on the Unuk River project, about 40 miles north of Stewart, B.C., and four miles southeast of the Eskay Creek 21 zone discovery….
EDITIORIAL PAGE Gold’s 12-year high
The following is excerpted from The Gold Monitor, a newsletter published by M. Murenbeeld & Associates of Victoria, B.C. In constant dollar terms, gold is now cheaper than at any time since early 1978…
EDITORIAL PAGE Questioning the motives
Sometimes it seems you can’t do anything right. Consider Falconbridge Ltd.’s latest public relations coup. The company surrendered its interests in the Baie Fine industrial mineral deposit largely bec…
Pacific Sentinel drilling Arizona project
A $500,000 exploration program managed by Pacific Sentinel Gold (VSE) is under way on the Golden West project in La Paz Cty., Ariz., where the company is earning a 50% interest from PIC International …
U.S.REPORT Toffan, Netolitzky fund Atna deal
Armed with the proceeds of a recent private placement, Atna Resources (VSE) has been busy assembling a land package in the Foothills Belt of California, a region known to be prospective for polymetall…