McFinley bulk test in three months time
Milling of a 20,000-ton bulk sample is expected to begin within three months, McFinley Red Lake Mines says. The company says drill-indicated reserves on its gold property near Red Lake, Ont., total 89…
Articles by Northern Miner Staff
Roxmark encouraged at Geraldton bet
Results of the winter exploration program at the company’s Geraldton, Ont. property are encouraging, reports Roxmark Mines’ President Stanley E. Malouf. Located in Errington Twp., the property include…
Second adit for Gulf Titanium
Gulf Titanium says a second production adit is planned at its Cruse/Belmont project in Montana. The new production working will open up the No 8 level while development work on the sixth level stockpi…
Round Mountain to double in size
The world’s largest open pit heap leach gold mining operation is about to double in size. The Round Mountain mine in Nye Cty., Nev., owned by Echo Bay Mines (50%), Homestake Mining (25%) and 25% by Ca…
Golden Trio gets Hemlo property
Golden Trio Minerals has acquired an option on a 166-claim property in Pic Twp., Ont. Located west of the Hemlo gold mines, the claims are held by International Maple Leaf Resources. Golden Trio has t…
New test for Red Lake gold property
With junior mine financing made vastly easier these days, and interest in gold mining now at a high pitch, many of the long-dormant mines and properties are being given another chance. This includes t…
Increased gold production tops on Northgate’s agenda
With a healthy working capital of just over $18 million, Northgate Exploration is out seriously shopping for a new acquisition in the precious metals arena. .T No small task, as President John Kearn…
Lightening drills on Dome Lake bet
A 4,000-ft drilling program is under way at the Dome Lake property located about 40 miles northeast of Yellowknife, N.W.T., by Lightening Minerals. Exploration work on this 32-claim property has so fa…
Montreal Exchange Vassan leads way
Call it a downturn or a correction, trading on the Montreal Exchange this past week was generally less spectacular than in preceding weeks, although resource issues continued to be actively traded. To…
Novamin accepts Breakwater offer
The board of Novamin Inc. has accepted a takeover offer by Breakwater Resources, subject to the completion of a definitive agreement. Terms of the proposal would see Breakwater issue one share for two…
Canamax has discovery near Kremzar property
A new gold discovery has just been added to the portfolio of Toronto-listed Canamax Resources. The site of the discovery is at its wholly-owned Lochalsh project, located in the Goudreau gold belt 35 k…
Toronto Stock Exchange Golds shine as skittish bull pulls market
Once again golds set the market on its ear with a rise that seemed to defy gravity itself. Spurred on by worries of a sinking U.S. dollar, bullion prices soared to a high of over $420(US) an oz while …