Kimberley pipes fuelled De Beers’ growth
The first reading of a De Beers (LSE) annual report by anyone unfamiliar with the business would be puzzling if not downright frustrating. How can a company that produces less than 8% of the world’s n…
Articles by Northern Miner Staff
In the shadow of Lac de Gras, gold still glitters in the
While most of the industry’s attention this year has been focused on the diamond play of BHP Minerals Canada in the Lac de Gras region of the Northwest Territories, the gold potential of this vast and…
Jordex extends Loma nickel option
A Venezuelan company managed and owned 50% by Jordex Resources (TSE) has extended an exclusive option on its Loma de Hierro nickel project to Anglo American Corp. of South America for an additional 90…
Ammonite shell made into jewelry
When it comes to gemstone mining in Alberta, there is only one game in town: the shell game. Gemstone mining is virtually non-existent in Alberta except for a remnant of the ancient sea bed which mill…
Aeormagnetic data helps in diamond hunt
Diamond exploration activity in the Lac de Gras area in the Northwest Territories and elsewhere in the country has been a considerable boon to Canada’s otherwise sluggish mineral geophysics industry. …
U.S. REPORT — Positive results from Cresson drilling
A recent hole drilled by a unit of Nerco Minerals returned more than 0.5 oz. gold per ton over a drilled interval of 305 ft. from the Cresson project in the historic Cripple Creek mining district near…
INSIDER TRADING — Slack stocks up on Deak shares
Malcolm Slack, chairman of Deak Resources (TSE), recently increased his interest in the junior producer by buying 400,000 shares privately for 29 cents to hold 531,700. A $3-million underground explor…
Sudbury Contact finds second pipe
A second kimberlite pipe has been found by Sudbury Contact Mines (TSE) in the Kirkland Lake area of northeastern Ontario, the junior says in its quarterly report to shareholders. A 63-kg sample, taken…
Drilling planned for Brewery Creek
The global reserve potential of the Brewery Creek property near Dawson, Yukon, will be further evaluated this fall by partners Hemlo Gold Mines (TSE) and Loki Gold (VSE). A first-phase $400,000 progra…
Victoria options Mexican gold project
A Mexican property considered prospective for a bulk-tonnage gold deposit was recently optioned by Victoria Resource (VSE), which staked additional acreage surrounding the original claim block. The le…
NEWS ROUNDUP — Founder samples return gold, zinc.
Bulk samples taken from Founder Resources’ (VSE) 100% owned Blackwater property near Jellicoe, Ont., have returned polymetallic mineralization over an average width of 4 ft. Sample J406, for example, …
MINER DETAILS — Leaving gold to the juniors
Frustrated with a lethargic gold price and the difficult task of maintaining reserves, some of Canada’s largest gold producers are turning to base metals for future growth. Placer Dome has made no sec…