Rescue workers active at Macassa
A rescue effort continues underground at the Macassa gold mine just west of Kirkland Lake, Ont., where two miners remain trapped following rockburst activity. The two men, identified in news reports a…
Articles by Northern Miner Staff
Cameco moving research division
The research and development (R & D) division of Saskatchewan uranium producer Cameco will be relocated from Saskatoon to Port Hope, Ont., where the company’s uranium processing plant is situated. The…
Lyndex plans metallurgical test
Lyndex Explorations (CDN) will soon begin metallurgical testing of samples from a gold property in Europe. The program, intended to verify previous results, will operate in conjunction with on-going b…
Westminer suit against Seabright before appeal court
Arguments have concluded in the Nova Scotia Court of Appeal in the lawsuit between Westminer Canada and the former directors of Seabright Resources. Westminer is seeking $62 million in damages to comp…
Pickard praises co-operative spirit
A co-operative spirit between the mining industry and government exists in Manitoba, according to the president of Falconbridge. Addressing the business section of the Manitoba Mining, Minerals and Pe…
Menora completes Altai placement
Toronto-based junior Menora Resources (ME) has closed a private placement with parent Altai Resources (TSE). The placement, consisting of 1.6 million shares at 20 cents each, is expected to net $320,0…
Carson raises $12.9 million
A private placement of special warrants will give Carson Gold (VSE) additional funds to acquire properties in Latin America. The company reached an agreement with Burns Fry (which will act as lead bro…
Positive results at Audrey lens
Underground drilling at the 1100 lens project in northwestern Quebec indicates mineralization continues at depth. The project, owned by Audrey Resources (ME) and Metall Mining (TSE), is undergoing exp…
Asarco swings deal with Mexican firm
U.S. base metal producer Asarco (NYSE) is joining forces with Grupo Industrial Minera Mexico. An agreement will enable Grupo to merge with Mexico Desarrollo Industrial Minero S. A. de C. V. (MEDIMSA),…
Diamond flow-through fund withdrawn
Having failed to attract sufficient support, Caratax Diamond Exploration Limited Partnership 1993 has been withdrawn. “Investors perceived the fund as being too risky,” said Jean-Pierre Colin, preside…
Cons. Ramrod buys Nevada bet
Consolidated Ramrod Gold (TSE) will acquire a 78% interest in the Railroad property in Nevada’s Carlin Trend. It can acquire the interest from Westmont Gold by paying US$4 million over 42 months. The …
ODDS’N’SODS — Northern `Diamond Queen’ (1)
The search for gem stones in the Northwest Territories is not the first diamond story to come out of Canada’s North. Under the front-page headline “Famous Story Dies With Diamond Queen,” an obituary i…