News

The high grade gold mining operation of Chelsea Resources near Lewistown, Mont., has started to turn a profit, according to Fernando Nuflo-Moya, chairman. He confirms that “since the second week of No…

There is going to be about $900 million in flow-through money raised this year by cmp, nim and First Exploration, the three largest national exploration fund managers in Canada. Add to that another $1…

Backed by a new silver discovery near Cobalt Ont., an expected end to dilution problems at its Telbel gold mine and significantly higher earnings, the executives at Agnico- Eagle Mines are in a bullis…

Shareholders of Toronto-based Campbell Resources and Montreal- based Meston Lake Resources have voted in favor of amalgamating Meston with a wholly-owned subsidiary of Campbell, Camsub Holdings. Mesto…

Additional ground has been optioned by Silverside Resources in the Harker-Holloway area east of Matheson, Ont. The company has the right to acquire a 100% interest in 13 patented claims located in Gar…

After conducting a 5,000-ton bulk sample test on Northumberland Mines’ Cochrane Hill, N.S., gold prospect, Inco Gold has decided to relinquish its option on the property. Inco was earning a 60% intere…

Although he has heard “rumors of several companies sniffing around,” Pioneer Metals President Robert Willis doesn’t believe his company is a takeover target. But he concedes that if “somebody wants yo…

It gets colder in the Northwest Territories, a lot colder, but at least the test was done under freezing conditions. For 35 days in October and November, Neptune Resources test-leached 1,500 tons of o…

When it comes to making suggestions, readers of The Northern Miner don’t pull any punches. Many respondents offered good sound advice but, while we received many comments on a job well done, there was…

Total Erickson Resources has acquired 250,000 shares of Getty Resources in a private transaction. That increases Erickson’s interest in Getty to 1,089,300 shares or about 11.6% of Getty’s outstanding …

A revised mineral reserve calculation has been completed by Consolidated Professor Mines at the company’s Duport gold property in northwestern Ontario. Based on data from a $5.83-million surface and u…

High gold values continue to be uncovered in the No 1 raise being driven from the 200-ft level on the No 3 vein at the Chester Twp. prospect in northern Ontario, Chesbar Resources reports. Chesbar, wh…