Articles by Northern Miner Staff


Stratabound reports CNE tonnage estimate

An independent reserve estimate and metallurgical report has been received by Stratabound Minerals (ASE) for its CNE base metal deposit, 25 miles southwest of Bathurst, N.B. The reserve estimate, calc…


Total options properties near Douay project

Some exploration results reported recently from Vezza and Douay townships in northwestern Quebec have persuaded Vancouver-based oil and metals explorer Total Energold (TSE) to move into the region. Ac…



Muscocho agreements

At a recent public hearing, the Ontario and Alberta securities commissions ruled that Muscocho Explorations (TSE), Flanagan McAdam Resources (TSE) and McNellen Resources (TSE) be exempted from issuer …



Pay contract terms of Childers leaked

The president of Potash Corp. of Saskatchewan has a 5-year contract which pays him $700,000 per year. Details of C.E. Childers’ salary agreement with the Saskatchewan government were recently leaked t…


Money-losing Hope Brook keys on four problems

Management of Hope Brook Gold (TSE) is under heavy pressure this year to bring about a turnaround in operations at the company’s problem-plagued gold mine on the southwest coast of Newfoundland. Last …


Fairfield to spend $1.1 million on B.C. properties

This season Fairfield Minerals (TSE) plans to spend about $1.1 million to further explore its prospective 160-sq.-mile landholding in the Okanagan district of southern British Columbia. The bulk of th…


Quarterly loss for Sherritt

The balance sheet of Sherritt Gordon (TSE) tumbled into the red during the first quarter of the year. The metal refiner and fertilizer producer recorded a net loss of almost $2 million for the 3-month…


U.S. Report Homestaker doubles first-quarter profit

San Francisco-based Homestake Mining (NYSE) reports increased first-quarter net income of $13.2 million, or 13 cents per share, almost double last year’s first-quarter earnings of $7.1 million, or 7 c…


Former DRX head files lawsuit

Robert Clarke, former president of DRX (NASDAQ), has filed a lawsuit seeking to invalidate the election of a slate of directors at the company’s recent shareholder meeting in Delaware,. DRX is a preci…


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