Weak results from Springer gold bet
Exploration on the King’s Point project, 75 miles south of Deer Lake, Nfld., has yielded disappointing results for Springer Resources (VSE). Although three holes drilled to test geophysical and geoche…
Articles by Northern Miner Staff
Juniors struggle to raise necessary financing
Junior mining companies in Canada, slowed by a slumping economy, can only look back fondly at the heady days of the late 1980s when financing for exploration programs was readily accessible. Flow-thro…
Cassiar miners back at work
A union dispute at the Cassiar mine in northern British Columbia has been resolved by the ratification of a 2-year agreement by the mine’s 330 union employees. The mine is owned and managed by a unit …
NovaGold’s ambitions rely on processing technology
The corporate strategy of NovaGold Resources (TSE), based in Halifax, N.S., is to become a “vertically integrated major mining company,” says company Comptroller Glenn Holmes, and “a world leader in t…
Goldex extends gold zone on Val d’Or property
Continuing exploration on the Goldex Extension (GE) zone near Val d’Or, Que., has extended the strike length of gold mineralization on the property by an additional 400 ft. The Goldex Extension projec…
NO HEADLINE (March 25, 1991)
TEXT: Local mining analysts are not expecting 1991 to be a banner year for exploration in British Columbia. The general economic downturn, the gutted flow-through financing mechanism, bearish equity …
U.S. REPORT Sonora writes down Jamestown mine stake
Toronto-based gold miner Sonora Gold (TSE) was forced to break out the red ink again in 1990 after declaring a $17.4-million writedown on its investment in the Jamestown mine in California. Sorona, wh…
Lik zinc prospect in Alaska key part of Moneta’s plans
Junior Moneta Porcupine Mines (TSE) is starting 1991 with the acquisition of the Lik zinc deposit in northwestern Alaska and full financing of all its major Timmins-based exploration projects through …
Grevet project keeps growing for partners VSM, Serem
Partners VSM Exploration (TSE) and Serem-Quebec expect to have a few surprises in store when they table results of a pre-feasibility study at the Grevet Twp. base metals project near Quevillon, Que. W…
Equinox plans third mine operation
With the Feb. 27, 1991, unofficial start-up of its 100%-owned Van Stone zinc mine in Washington State, Vancouver-based Equinox Resources (TSE) is rapidly evolving into a top-class mine developer. The …
Rio Algom targeting base metals in new ore search
Toronto-based Rio Algom (TSE) is spending about $20 million this year as part of an aggressive exploration effort to locate new base metal and gold deposits in Canada, says Exploration Vice-President …
Columbia planning drilling on Spectrum
After a successful exploration program in 1990, Columbia Gold Mines (VSE) plans to spend about $1 million on the Spectrum property in northwestern British Columbia during the coming season. Columbia i…