INSIDER TRADING — Leliever doubles his money
The president of Horne Fault Mines (CDN), Gordon Leliever, recently took a healthy profit on his investment in the junior when he exercised 701,780 options at 10 cents then sold 1.03 million at 20 cen…
Articles by Northern Miner Staff
Mineral Outlook ’92
Scheduled for Nov. 18 at Ottawa’s Westin Hotel is the Mineral Outlook ’92 conference, sponsored by Energy, Mines and Resources Canada (EMR). The focus is on access to markets and to the lands, with sp…
NEWS ROUNDUP — Orvana raises exploration funds
A Toronto-based mutual fund recently agreed to purchase a $450,000 unit offering from Orvana Minerals (TSE). The placement totals one million units priced at 45 cents per unit, with each unit comprise…
Greenstone acquires Nicaraguan mine
The newly acquired La Libertad gold mine in Nicaragua, a 150-ton-per-day project 78 miles east of Managua, was the focus of attention at the recent annual meeting of Greenstone Resources (TSE) in Toro…
NEWS ROUNDUP — Private firm to drill Noront property
A private company has agreed to finance development of Noront Resources’ (VSE) Beaverbrook antimony property near Gander, Nfld. To earn a 50% interest in the property, the private company must spend $…
Court hears closing arguments in Seabright Resources lawsuit
Closing arguments were heard at the end of October in the $60-million Westminer Canada lawsuit against Seabright Resources’ former directors. Information disclosure and director liability are the cent…
ON THE LEVEL — NDP killing mining
With exploration expenditures way down, mining in Canada is withering and dying, yet Canadian mining companies are doing quite well. Unfortunately, this is occurring in other lands where they are welc…
NEWS ROUNDUP — Deak exercises Astoria option
Toronto-based Deak Resources (TSE) has exercised its option to acquire Yorbeau Resources’ (TSE) Astoria gold mine and adjoining property near Rouyn-Noranda, Que. Deak has applied for the necessary reg…
Equisure samples Timmins property
A recently completed trenching and sampling program on Equisure Financial Network’s (TSE) Godfrey-Turnbull Twp. gold property near Timmins, Ont., has yielded encouraging results. A total of 300 ft. of…
Minnova and Kerr plan Troilus study
A $4.2-million feasibility study on the Troilus gold deposit (formerly the Frotet project) has been announced by the property’s joint owners, Minnova (TSE) and Kerr Addison (TSE). The study is expecte…
NEWS ROUNDUP — St Andrew fined over spill
The Ontario provincial court has ordered St Andrew Goldfields (TSE) to pay a $16,000 fine in connection with a spring spill at the company’s Stock Twp. gold mine near Timmins, Ont. The court also rule…
Major-Gen. options Noranda claims
Under an agreement-in-principle with Noranda (TSE), Major General Resources (VSE) has been granted the option to earn a 50% interest in six properties in northwestern Ontario. The properties, accessib…