Goldgroup hits high-grade gold at San Jose
VANCOUVER — Mexico-focused Goldgroup Mining (GGA-T) has hit a very high-grade gold intercept at the San Jose de Gracia gold project in Sinaloa state, where it is earning a 50% interest.
Articles by Northern Miner Staff
Estrella pairs with Cliffs in Peru
Estrella Gold (EST-V) is partnering with Cliffs Natural Resources (CLF-N) to explore for iron-oxide copper-gold (IOCG) targets in southern Peru.
Paramount discovers gold and silver at San Miguel
Paramount Gold and Silver (PZG-T, PZG-X) has intersected significant gold and silver mineralization while drilling the Don Ese target at its wholly owned San Miguel project in the Sierra Madres of Chi…
Evolving’s super-long gold hits
VANCOUVER — Evolving Gold (EVG-V) has pulled very long gold intercepts from its Rattlesnake Hills project in central Wyoming.
Slam cashes up to fund exploration in Ontario and New Brunswick
Slam Exploration (SXL-V) has topped up its treasury with a series of private placement financings as it prepares to resume exploration drilling early in the New Year on the Reserve Creek gold project in northern Ontario and the Silverjack base…
Battle for Baffinland Iron Mines continues
The takeover battle between private equity investor Nunavut Iron Ore Acquisition and global steel giant ArcelorMittal (MT-N) for junior Baffinland Iron Mines (BIM-T) and its Mary River project took a new turn with a revised offer from…
Eastern Platinum raises $348 million
With platinum prices expected to climb further in 2011, Canada’s biggest platinum producer had little trouble raising $348 million to help pay for Phase 1 of its Eastern Limb development plan in South Africa.
China cuts 2011 export quotas on rare earths
Shares of rare earth element (REE) companies reached new heights when markets re-opened after the holidays on Dec. 29 following news that China has cut export quotas for the strategic metals by 35% year-on-year.
Avion adds to its West African portfolio
Avion Gold (AVR-T,AVGCF-O) continues to bulk up on West African gold assets as it has closed a deal to acquire the Kofi property in Mali from Axmin (AXM-V). In total Avion will pay Axmin $500,000 in cash and issuing 4.5 million shares for the…
Shear rolls back shares and changes name
At the opening bell on December 30, Shear Minerals will begin trading on a consolidated basis under the new name of Shear Diamonds (SRM-V). At the company’s recent annual meeting, shareholders and the board of directors approved a 10-to-1…
Blue Note gets extension on Croinor acquisition
Blue Note Mining (BNT-V) has three more months to tie up its acquisition of First Gold Exploration’s (EFG-V) stake in the Croinor gold project and the Matchi-Manitou property. The deal was originally announced in July with the closing date set…
2010: The year of the deal
After surviving a devastating 2009 characterized by plummeting commodity prices, sweeping cutbacks and ailing financial markets, the mining industry enjoyed a cautious recovery in 2010, powered by higher metals prices and strong mineral demand…