Unlisted Trading Peat financing
Trading volumes for the junior mining issues slumped during the week ended April 16 as investors continued to wait out the recession. But in the meantime, Peat Resources announced the company is just …
Articles by Northern Miner Staff
Cons. Professor’s Dupont project has serious implications for the
The uncertainty clouding Consolidated Professor’s (TSE) designation under Ontario’s Environmental Assessment Act (EAA) could have a dramatic impact on the approval process for Canadian mines, says Rog…
Alcan posts dismal first quarter
Blaming economic woes in both North America and Brazil, two of the company’s most important markets, Alcan Aluminium reported a net loss of US$1 million (3 cents per share) for the first quarter of 19…
Sphinx to restart heap-leach project
Heap leaching at the 400,000-ton-per-year Duvay gold project near Amos, Que., is set to resume in mid-April, Societe Miniere Sphinx (VSE) reported. The company began production from the site last year…
Fuda buys Tyranite control
Salvatore Fuda, president of junior explorer Ontex Resources (TSE), recently acquired control of Tyranite Mines (CDN) by purchasing 1.4 million common shares of Tyranite under a private agreement. Whe…
EDITORIAL Killing the goose
Governments suffer from an irresistible urge to ferret out successful mining companies, then devise extraordinary means to extract a portion of their profits for themselves. There is something about c…
Douay partners aim to increase reserve tonnage
The latest drilling program at the Douay Twp. gold property of Inco (TSE) and Societe d’Exploration Miniere Vior (ME) in Quebec’s Casa Berardi region is targeted in part at boosting estimated reserves…
Lodestar acquires porphyry prospect
A diamond drilling program has been proposed to test Lodestar Explorations’ (VSE) recently acquired Taurus copper-molybdenum-gold property, 46 miles northeast of Tetlin Junction on the Alaska Highway….
Silver Standard boosts potential
Recent drilling by Silver Standard Resources (VSE) on the La Choya project in northern Mexico is reported to have outlined mineralization north and east of the project’s previously defined reserve of …
Westmin explores copper-gold bets
An extensive exploration program will be carried out this season by Westmin Resources (TSE) on two large porphyry gold-copper projects north of Prince George, B.C. The two properties are 40 km west of…
Wye plans to drill Saganaga Lake
Wye Resources (CDN) plans to begin a 5-hole program on its Saganaga Lake gold property, 75 miles southwest of Thunder Bay, Ont., as soon as the snow melts. Saganaga Lake, which straddles the Ontario-M…
NEWS IN BRIEF Billikin Resources Ltd.
Billikin Resources Ltd. (BIL:VSE) has changed its name to Cora Resources Ltd. with a consolidation of capital on a 1-new-for-4-old share basis. The transfer agent is Montreal Trust.