Golden Star finds new zone in Guyana
Golden Star Resources says a new zone of gold mineralization has been discovered on the company’s Omai property in Guyana, South America. The newly identified gold-bearing sector, the so-called wenot-…
Articles by Northern Miner Staff
Placer and Golden Star may develop Guyana gold
An agreement should be completed within weeks that could see Placer Development and Edmonton-based Golden Star Resources develop a gold property in Guyana, South America. The mineral potential of this…
Sherritt deals off fertilizer interest
Sherritt Gordon Mines and Unocal Canada announce that they have entered into an agreement under which Unocal has acquired a 50% interest in Sherritt Fertilizer Co. Sherritt Fertilizer Co., a partnersh…
Cdn. Lencourt gets shareholder nod for takeover move
Shareholder approval has been received by Canadian Lencourt Mines for the acquisition of Explorco Properties, a private company holding mineral assets. Canadian Lencourt, which is operated and control…
Toronto Stock Exchange Blockbuster week as composite sets record
A powerful price surge both north and south of the border has made it a banner week for investors. With a blockbuster gain of 104.59 pts over the reporting period, the widely followed composite 300 ha…
Gibralter issue should raise about $5.8m.
Gibraltar Mines has approved the filing of a preliminary prospectus for a common share issue which should raise about $5.8 million. Some 554,546 shares will be sold at a price of $8.25 each by the com…
Montreal Exchange Mazarin makes waves
With 422,200 shares changing hands during the week, La Societe d’Exploration Mazarin surged ahead to its highest level since being listed on the Montreal Exchange in 1986. Mazarin peaked at 80 cents …
Drilling planned on Roxwell project
Drilling should start this February on Roxwell Gold Mines’ MOS project 50 miles northwest of Yellowknife, N.W.T. The property falls under an option agreement with Canamax Resources. Canamax can earn a…
Interlake stops
Interlake Development says no further drilling is planned on its Hemlo, Ont., property following drilling of hole IL-2Y to a depth of 6,163 ft. Hole IL-2Y intersected the Moose Lake formation from 4,6…
Alberta Stock Exchange Twin Gold leads pack
Tightly held Twin Gold Mines was one of the best performers this week, adding 70 cents to trade at a high of $2.25. The company controls the Lingman Lake gold deposit north of Red Lake, Ont. Hosting …
Editorial Uranium could be next on U.S. hit list
Well that was some victory we won(?) in those last-minute negotiat ions to settle that Ottawa-Washington bitter trade dispute over the imposition of U.S.-ordered taxes against our multi-billion- dolla…
Gold production at Galactic Res. up to 55,000 oz.
Galactic Resources reports December gold production of approximately 6,700 oz from the Summitville, Colo., mine, bringing total gold equivalent production to approximately 55,000 oz, since the initiat…