NovaGold reworks subsidiary’s loan
An agreement-in-principal calls for the restructuring of an outstanding loan of $1.9 million owed by a wholly owned subsidiary of Nova Gold Resources (TSE). The loan was incurred by Murray Brook Resou…
Articles by Northern Miner Staff
Sterling Pacific drills Nevada play
Junior Sterling Pacific Resources (VSE) is drill-testing four anomalies on its newly acquired Monarch-Zim gold properties near Reno, Nev. Besides the 10-hole program of 2,500 ft. now under way, Sterli…
MINING IN AFRICA SPECIAL — African countries featured at
More than 20 African countries are expected to take part in the African Mining Investment symposium to take place May 24-26 in Toronto. Organized by the Multilateral Investment Guarantee Agency of the…
MINING IN AFRICA SPECIAL — Gabon updating mining
The increased interest in Africa’s mineral potential has prompted the government of Gabon to consider updating the mining legislation which it had adopted after independence in 1960. Situated on the w…
B.C. gov’t slams door on Kemano
Resource projects have long been the engine of British Columbia’s economy, but that may change if high-profile investments in this sector continue to be quashed by the province’s political leaders. Re…
Cominco advances Yukon deposit
Major companies with metallurgical infrastructure in Canada are perhaps more motivated than most mining groups to maintain an active exploration presence in North America. This is certainly true of Co…
Armada Gold to complete study
A preliminary feasibility study is planned for the Taseevo gold deposit, part of Armada Gold’s (ASE) Baley project in the Chita region of southeastern Siberia. The study, due by late April, will exami…
Feasibility study for Goldfields
An in-house economic evaluation is nearing completion for the Goldfields project in northern Saskatchewan. Operator Greater Lenora Resources (TSE) intends to proceed with a final feasibility study for…
Lyon Lake drills Quebec prospect
A drill program by Lyon Lake Mines (ME) has started on the Waconichi gold prospect 50 miles north of Chibougamau, Que. Eight holes will be drilled to test priority targets determined by geological int…
April conference set for Juneau
The Alaska Miners Association is planning its Conference Juneau 1995 for April 19-21 in Juneau, Alaska. Titled “Redefining the arena for the minerals industry in the 21st century,” the conference will…
Abitibi options Marshall Lake
A recent agreement enables Consolidated Abitibi Resources (ME) to acquire the Marshall Lake polymetallic property from Challenger Minerals (VSE). Situated 160 miles northeast of Thunder Bay, Ont., the…
Vengold acquiring Lihir interest
Vancouver-based Vengold (TSE) is acquiring an indirect 10% interest in the large Lihir gold project in Papua New Guinea (PNG). The junior has signed an agreement with project manager RTZ (NYSE) to acq…