LATIN AMERICA — Greenstone arranges financing
Toronto-based Greenstone Resources (TSE) has made arrangements with Middlefield International of London, England, for a $4-million offering to finance developments at its Latin American gold projects….
Articles by Northern Miner Staff
Grants for exploration in Ontario top $11 million
Ontario has approved more than $11-million worth of grants to exploration-related projects this year, announced Shelley Martel, minister of Northern Development and Mines. — The Ontario Prospectors A…
Placer buying all of Paymaster
Shares of American Reserve Mining (VSE) hit a new low of 8 cents recently after Placer Dome (TSE) agreed to pay $2.28 million cash for the junior’s 35% stake in the Paymaster gold mine project near Ti…
PEOPLE — CHASE RESOURCES
Michael Callahan appointed director and chief financial officer.
Hemlo explores Northfield claims
Gold producer Hemlo Gold Mines (TSE) has started exploring the Swansea property near Virginiatown, Ont., after signing a final option agreement with Northfield Minerals (ASE). Under the terms of the a…
Correction (July 20, 1992)
Shannon Energy (ASE) advises that it is not involved in a joint venture with Orapro Resources involving exploration for diamonds in Manitoba (T.N.M., July 13/92). Orapro, based in Regina, has been exp…
Golden Star closes $6-million financing
Edmonton-based Golden Star Resources (TSE) recently locked up exploration funds for a number of South American properties through a private placement of 2.1 million special warrants at $2.85 each. The…
STOCK MARKETS — Small gains for Tenajon, Prime Res. in slow
Gold’s slow climb to US$350 per oz. is providing a small measure of encouragement to juniors seeking to interest investors in exploration programs for the yellow metal. It wasn’t enough, however, to s…
No bail-out for Westar
The British Columbia government agreed to defer some taxes and bond payments, but it won’t be bailing out Westar Mining, a cash-strapped coal producer which earlier this year placed itself under court…
Zone intersected at Polaris-Taku
Recent drilling on the Polaris-Taku gold property is reported to have intersected a large altered and mineralized zone at the west end of the C vein. Located in northwestern British Columbia, Polaris-…
Cameco drilling Buckskin prospect
A diamond drill program funded by Cameco (TSE) recently started on the Buckskin gold property owned 100% by Queenstake Resources (TSE) in Nevada. The major has the right to earn a 60% interest in the …
Arbor eyeing major deal
By the end of July, Arbor Resources (VSE) and associated company Wealth Resources (VSE) expect to enter into a joint venture agreement allowing an undisclosed senior mining company to earn a 51% inter…