New zone expands resource at Francoeur
A new gold zone discovered by Richmont Mines (RIC-T) at its Francoeur mine, west of Rouyn-Noranda, Que., promises to add significantly to reserves.The new No. 7 zone, a steeply dipping structure that …
Articles by Northern Miner Staff
Mirandor finds more gold in Nevada
Preliminary drilling by Mirandor Exploration (MIQ-M) has uncovered three new gold zones on its Railroad property in Nevada’s Carlin trend.Dubbed Bunker Hill, LT East and Elliot High Ranch, the zones r…
Brazilian achieves producer status with Santa Maria mine acquisition
Through a deal with a private owner, Brazilian Resources (BZIN-C) has acquired a majority interest in the producing Santa Maria open-pit, heap-leach gold mine in Brazil.Brazilian recently signed a 3-y…
Madsen arranges $3.5-m funding
Additional financing may help the Madsen gold mine in Red Lake, Ont., to reach full production this fall, several months behind schedule.Madsen Gold (MGF-T) has arranged a private offering of 1 millio…
Donner, N. Abitibi hit Labrador nickel
Drilling on the South Voisey’s Bay property in Labrador has returned three separate narrow zones of massive sulphide mineralization for equal partners Northern Abitibi Mining (NAI-A) and Donner Resour…
Wheaton turns its attention to Costa Rica
Toronto-based Wheaton River Minerals (WRM-T) has added nearly 2 million oz.to its gold mineral base by acquiring the Bellavista gold project in Costa Rica from Minera Rayrock (MRN.Z-T).Wheaton conclud…
STOCK MARKET — TSE robust despite poor showings by golds, base metals — Positive results boost value of SouthernEra; royalty sisters Euro and Franco hold steady
The Toronto Stock Exchange shifted into high gear over the report period ended Oct. 7, setting records on each of the five trading days. The TSE 300 index closed the week at 7,209.93 for a gain of 169…
Crew Development picks up Zambian copper-cobalt mine
The Canadian-South African Consortium, in which Crew Development (CRU-T) holds a 48% direct and indirect interest, has acquired the Chibuluma copper-cobalt project from state-owned Zambia Consolidated…
Birch Mountain hits sulphides at Swift River
Drilling at Birch Mountain Resources’ (BMD-A) 12,000-ha Swift River property in southern Yukon has encountered sulphide mineralization in three of nine drill holes.Last summer’s exploration program in…
Atapa raises funds for Indonesian drilling
Junior Atapa Minerals (ATAp-C) has raised sufficient funds to continue drilling on its Cikotok and Cikidang gold properties in West Java, Indonesia.The recently closed $3.1-million private placement c…
PEOPLE – MONARCH
Lester Knight appointed vp of finance.
PEOPLE – MOLYCOR
David Madill elected director and John Fisher appointed CEO.