San Fernando adds to treasury
Additional funds are now in hand for continued exploration of La Fortuna, a gold-copper property in Mexico’s Durango state. Owner San Fernando Mining (VSE) has completed a private placement of 1.9 mil…
Articles by Northern Miner Staff
MSV hits new intersections at Cedar Bay mine
Five new holes drilled at MSV Resources’ (ME) Cedar Bay mine have encountered significant gold and copper values. The holes were drilled between the 3,000 and 3,300 levels toward the Cedar Bay mine fr…
Ecuadorian plans further drilling on Gaby joint venture
A second stage of prefeasibility drilling is under way on the Gaby joint venture in Ecuador. Ecuadorian Minerals (ASE) is earning a 35% interest in any oxide resource outlined and a half interest in a…
Test mining a success for Fairfield Minerals
Underground test mining is returning both revenue and positive results from the company’s Siwash North gold deposit in southern British Columbia. Owner Fairfield Minerals (TSE) recently sold more than…
Royal Oak offers `paper of questionable value’ — Lac strikes
A week and a half after Royal Oak Mines (TSE) made its widely publicized, hostile takeover bid, the management of Lac Minerals (TSE) has responded with a scathing critique of the offer. Speaking at a …
New mines signal growth for Euro-Nevada
The best may be yet to come for Euro-Nevada (TSE), as four new gold mines in the company’s royalty portfolio are being readied for production over the next 24 months. Chairman Pierre Lassonde recently…
Newhawk, Granduc plan Bruceside exploration work
Field work is expected to begin shortly at the Bruceside portion of the Sulphurets property near Stewart, B.C. Newhawk Gold Mines (TSE) and Granduc Mines (TSE) — 60-40 owners, respectively — plan to…
Madsen raises financing for past producer in Red L.
Madsen Gold (TSE) has completed a previously announced $1.2-million private placement. It has also applied for, and expects to receive, a $300,000 grant from the Northern Ontario Heritage Fund, bringi…
ODDS’N’SODS — Geco’s canoe-barge service
The Peterborough freight canoe served many purposes over the years and was a sturdy, adaptable craft used by mining operations throughout Canada. The Geco mine in Ontario was isolated in the early exp…
EDITORIAL PAGE — Shark!
Following last week’s surprise announcement that mid-tier gold producer Royal Oak Mines had launched a takeover bid for senior gold miner Lac Minerals, news reports likened Margaret Witte, the formida…
Monarch pours first gold
At its annual meeting, Monarch Resources (TSE) revealed that it has already begun pouring gold at the Camorra mine in Venezuela’s El Dorado region. The mine, which has probable reserves of more than 4…
Skyline drilling Aztec property
Drills are turning on the Aztec property in the northeastern Mexican state of Coahuila. International Skyline Gold (VSE), 70% owner, says the first hole of the planned 4,500-ft., 14-hole program confi…