Hecla inks deal with Santa Fe for Rosebud
Hecla Mining (HL-N) and Santa Fe Pacific Gold (GLD-N) will develop the Rosebud gold-silver deposit, 50 miles west of Winnemucca, Nev.Under a 50-50 joint-venture agreement, Hecla will operate the high-…
Articles by Northern Miner Staff
Milagro and Geomaque to merge
Milagro Minerals (MLG-V) and Geomaque Explorations (GEO-T) have agreed to merge their operations.Milagro shareholders will receive one Geomaque share for every four shares of Milagro held. On completi…
KWG Resources poised to take over Far East Gold
With a little help from its parent company, KWG Resources (KWG-T) has initiated a takeover bid for Far East Gold (FEGI-C).St. Genevieve Resources (SGV-T), the controlling shareholder of both KWG and F…
Partners scratch gold potential of Dogpaw Lake
A first-phase program, budgeted at $500,000, will test the gold potential of the Dogpaw Lake property in the Kenora district of northwestern Ontario.Houston Lake Mining (HLM-A) holds an option to acqu…
Mazarin Mining looks to Haitian mineral prospects
A Quebec-based asbestos company with a large share of that province’s production has expanded into exploration for gold and base metals overseas.Mazarin Mining (MAZ-T) has obtained the option to acqui…
Northern Orion inks Argentine deal
An Argentine firm will earn a 67% stake in Northern Orion’s (NNO-T) El Dorado project in Santa Cruz province.To earn the interest, Minera Mincorp must pay US$5 million over four years.Northern Orion h…
Okak South results fueling optimism
New drill results from the NOT No. 3 property in the Okak South region of Labrador reveal more nickel-bearing intervals.Partners Noront Resources (NOT-V) and Golden Trump Resources (GTZ-V) report that…
STOCK MARKETS — Market sets record without help from mines
The Toronto Stock Exchange vaulted past its previous record high on Sept.16, as the TSE 300 index closed the period Sept. 11-17 at 5,268.48, up 121.36 points from the week before, a gain of 2.4%. Fear…
THE DIAMOND PAGE — White Swan Res. lands in Africa
Saskatchewan-based White Swan Resources (WSL-A) has found a new habitat in Sierra Leone, West Africa.By acquiring an 85% interest in three companies based in the country, the company has secured a 1,6…
PEOPLE –PRIME EQUITIES
Michael Pezim appointed president and chairman; Naren Majithia appointed vice-president of finance; Peter Tallman appointed vice-president of exploration; and Neil Mandleman appointed chief financial …
James takes helm at Inmet Mining
If William James lives up to his reputation as savior of struggling Canadian mining companies, Inmet Mining (IMN-T) may finally succeed in fulfilling shareholders’ expectations.The board of Inmet has …
Nuinsco hits pay dirt in Rainy River
A drill hole at the Rainy River, Ont., project of Nuinsco Resources (NWI-T) has revealed an intercept of significant gold mineralization.Hole NR96-45, drilled near the centre of the 17 zone, produced …