Articles by Northern Miner Staff

Montreal-based Freewest Resources (TSE) has signed an option to acquire three claims, comprising 1,040 acres, north of Kirkland Lake, Ont. Over a 5-year period, Freewest will pay $150,000 cash and iss…

In the past five years, central bank activities in the gold market have increased significantly. There are currently more than 80 central banks active in the gold market. Indeed, central banks are an …

The U.S. gold reserve is one of Washington’s “open secrets.” The Treasury’s open attitude about the status of the reserve can be attributed to three factors: * The U.S. gold reserve is owned and manag…

Dallas-based Uranium Resources (TSE) and its wholly owned subsidiary, URI, have signed a long-term contract to supply 1.3 million lb. of uranium oxide to a major U.S. electric utility. The contract, w…

Calgary, Alta.-based Manson Creek Resources (TSE) will buy the Oroturba gold concession in Bolivar state, Venezuela. The 500-hectare property includes both alluvial and lode rights and has never been …

The search for gold and silver deposits in established North American mining camps has taken Minefinders (VSE) to Nevada, Arizona and North Carolina in the U.S. and Chihuahua state in Mexico. The juni…

International Gold Resources (CDN) has reported results from the final 11 reverse-circulation drill holes at the Bibiani gold deposit in Ghana. The best results are as follows: * Hole 40 intersected 1…

Shareholders of Breakwater Resources (TSE) have approved part of a restructuring plan put forth by management. The approved section calls for repayment of up to $10 million in outstanding debt owed to…

Noranda (TSE) has filed a preliminary, short-form, shelf prospectus with the Ontario Securities Comission. The prospectus will allow the major to file up to US$500 million worth of debt securities for…

Environmental concerns about two mining projects in the U.S. were raised at the annual meeting of Noranda (TSE) in Toronto. In Montana, Noranda affiliate Hemlo Gold Mines, through 60%-owned Crown Butt…

World uranium production declined by almost 8% during 1993, to 85.3 million lb. equivalent U308. While production in most countries remained relatively stable, major decreases were recorded by the Cze…

A feasibility study of the Pend Oreille base metal mine in Washington state concludes that RFC Resource Finance (TSE) can profitably develop the Yellowhead zone at a zinc price of US55 per lb. Diluted…