Oz and Norwood active at Forsan
A conservative estimate of reserves at the Forsan gold deposit located southeast of Val d’Or, Que., indicates 311,431 tons grading 0.14 oz gold per ton, Oz Exploration (ME) and Norwood Exploration (ME…
News
Low key Cambior Inc. growing at a fast pace
Since Quebec crown corporation Soquem spun off its assets in 1986 to form Cambior Inc. (TSE), the new entity has been one of the least vociferous of Canada’s mining outfits. Rather than boast about it…
Editorial Canadians shine in U.S. gold race
Because gold mining has once again become a highly profitable business — and with strong evidence that its price will at least hold to around today’s rewarding levels — a worldwide search for this l…
Meridor explores Iskut property
First phase of a $500,000 exploration program was started recently by Meridor Resources (VSE) at the Iskut property in the Stewart gold camp in northern British Columbia. The program consists of groun…
Uranium Resources leaching in situ reserves in Texas
Dallas-based Uranium Resources, which now trades on the Vancouver Stock Exchange, wants to become a significant player in the United States uranium industry. The company specializes in the solution mi…
Foreign exchange effects on metal prices
At first glance, the effects of foreign currency zig-zags and inflation fears on mining are difficult to picture. Perhaps one way is to treat them simply as a foreign remittance being sent to you mont…
U.S. Report
This week’s issue of The Northern Miner is the first to include a new, regular report on mining activities in the United States. In recent years, gold mining in the western U.S. has increased consider…
Some 28 juniors active in Nova Soctia exploration
Canada’s ocean playground is tiny — about the size of southern Ontario (55,500 sq km). But with a history of gold production dating back to the turn of the century it has not been overlooked by junio…
NRD signs agreement for more exploration
An agreement covering further exploration of the Pinto gold property located near Val d’Or, Que., has been signed with American Barrick Resources (TSE), Consolidated NRD Resources (VSE) reports. Barri…
Silverado mine profit
An operating profit was generated by the Grant gold mine, owned 100% by Silverado Mines Ltd. (VSE). Located in Alaska, the Grant mine produced 856 oz of gold in April which resulted in an operating pr…
New discoveries needed soon in base metals sector
More favorable times have returned for base-metal mining companies, which are enjoying strong commodity prices, but concern about future supplies of the metals seems to be an issue that won’t go away….
Tight money forcing major shift in junior sector
The after-shock of last year’s market crash is still being felt by the mining industry, especially the junior sector. Although the popular flow-through financing mechanism will remain in place until y…