$3 million for NWT properties
This year, Cumberland Resources (VSE) and Comaplex Minerals (TSE) plan to spend more than $3 million on their Meadowbank and Meliadine gold projects in the Northwest Territories. Work on Meadowbank, s…
Articles by Northern Miner Staff
LRX underground at Midnight
In an underground exploration program at the Midnight gold property in Rossland, B.C., LRX Capital (VSE) is testing the vein system for its high-grade potential. The mine is a small-scale past-produce…
Athabaska busy at Nicholas Lake
A private placement of 5.9 million common shares at a price of $1.30 per share has netted Athabaska Gold Resources (TSE) a total of $7.2 million. The proceeds will be used to fund three projects: unde…
EXPLORATION ’95 — C, D zones targeted — New development
In an attempt to prove up additional reserves, Northfield Minerals (TSE) is exploring several targets on its Cheminis gold mine property west of Virginiatown, Ont. With current minable reserves expect…
EXPLORATION ’95 — Hecla plans to explore historic mining
With La Choya gold mine in Sonora state up and running, Hecla Mining (NYSE) is turning its attention to a historic gold and silver mining district in southern Zacatecas state, in central Mexico. The c…
Agnico-Eagle plans expansion programs
Expansion is planned for three projects held by Agnico-Eagle Mines (TSE) in northwestern Quebec. Mine development work on the No. 2 shaft at LaRonde division, near Val d’Or, Que., is moving forward, w…
Met tests by Boleo deemed positive
Metallurgical scoping tests on copper-cobalt mineralization from the Boleo project in Baja California, Mexico, are providing encouragement for International Curator Resources (TSE). The company is ear…
INVESTMENT COMMENTARY — High River low-risk junior with
A joint-venture deal with excellent exploration and earnings potential has prompted Ken Gillis, an analyst with Research Capital Corporation, to recommend High River Gold Mines (TSE) as a buy. In a re…
EXPLORATION ’95 — La Plata Gold evaluating King Tut play in
Geologist Chet Idziszek is probably better known for his work on the Eskay Creek gold mine project in northwestern British Columbia, or the advanced Petaquilla copper project in Panama, than for being…
EXPLORATION ’95 — First Nations seek ties with mining
The chief of the Dawson First Nation, Steven Taylor, says mining companies have to recognize that, with the implementation of First Nation self-government, aboriginal people will want to play a larger…
Canarc drills Ianna
A US$900,000 exploration program is under way on the Ianna property in northwestern Guyana. Canarc Resource (TSE) can earn up to a 65% interest under a joint-venture agreement with Guyana-based Roraim…
NEWS ROUNDUP — Lower grades hurt Glamis
Lower mining grades during the second quarter ended Dec. 31, 1994, adversely affected earnings for Glamis Gold Mines (TSE). The company reported net income of US$95,000 on revenue of almost US$9 milli…