Noranda to sell Louvem shares
The controlling shareholder of Societe Miniere Louvem (TSE), Noranda Minerals, wants to sell its block of 11,474,000 Louvem shares to the highest bidder. In August 1989, Noranda acquired an interest i…
Articles by Northern Miner Staff
Eastern Stone raises Belrose interest
Eastern Stone Products (ASE) is set to acquire a further 25% interest in Belrose Minerals, bringing its total interest to 75%. In exchange for the interest, Belrose will be issued 500,000 shares of Ea…
NEWS IN BRIEF (April 05, 1993)
Stormin Resources Inc. (SMR:VSE) has changed its name to Biocoll Medical Corp. with no consolidation of capital. The transfer agent is Pacific Corporate Trust.
Goldbelt seeks tailings funding
Despite political uncertainty in the former Soviet Union, Goldbelt Resources (VSE) expects to complete financing by the third quarter of 1993 for construction of a gold tailings project in Kazakhstan….
Dundee sells shares in Baja, Yorbeau
Toronto-based Dundee Bancorp (TSE) has sold its 12.1% interest in Baja Gold (TSE) and its 16.9% interest in Yorbeau Resources (ME) to 1021105 Ontario, a new natural resource company (T.N.M., Mar. 22/9…
Union Gold gets Alberta listing
Toronto-based Union Mining (CDN) has changed its name to Union Gold and is now listed on the Alberta Stock Exchange. By optioning properties to third parties, the company intends to remain active in e…
Menora boosting stake in ODM
Menora Resources’ (ME) holdings in Cape Town-based Ocean Diamond Mining Holdings will increase by about 20% through a cash transaction. The transaction, at the agreement-in-principle stage, must be ap…
Drilling planned for Beatty-Hislop
Noranda Exploration has recommended further drilling at a property near Matheson, Ont., reports Glimmer Resources (VSE). Norex is exploring the property, in Beatty and Hislop Twps., on behalf of Hemlo…
LATIN AMERICA ROUNDUP — Aronos acquires Sonora ground
Having staked 200 hectares near Rayon, Sonora (135 km northeast of Hermosillo, Mexico), Aronos Multinational (CDN) will stake an additional 300 hectares to expand its placer gold area. The property ha…
Correction (April 05, 1993)
A 48% interest in the Petaquilla property in Panama was incorrectly reported (“Panama boasts mining potential,” T.N.M., Mar. 15/93) as belonging to Minnova (TSE). Minnova’s ownership is through a 50/5…
LATIN AMERICA ROUNDUP — Pacific Rim acquires gold property
The Diablillos gold project is the second property recently acquired by Pacific Rim Mining (VSE) in Argentina. The first was La Colorada, a Sedex-type, massive sulphide prospect near the Aquilar distr…
Arizona Star receives funding
A brokered private placement will enable Arizona Star Resource (VSE) to fund additional exploration on the Aldebaran gold property in Chile. The placement totals 1.5 million units at 60 cents per unit…