Rembrandt funds
Shareholders of Rembrandt Gold Mines (ASE) approved a $300,000 private placement of 1.5 million shares at 20 cents per share at the recent annual meeting. The company says the proceeds will be used fo…
Articles by Northern Miner Staff
Willingdon acquires three properties
To complement the silver property portfolio it hopes to gain through a proposed merger with Sandy K Mines, Willingdon Resources (CDN) has picked up three properties in northeastern Ontario. The junior…
Skyline winding down exploration
Difficulties in raising risk capital have prompted Skyline Gold (TSE) to defer further exploration on its claims in the Iskut River gold camp of northwestern British Columbia. The company also announc…
STOCK MARKETS — Rio Algom receipts popular despite uranium
Active trading in receipts issued by Gordon Capital kept Rio Algom among the volume leaders on The Toronto Stock Exchange during the week ended July 7, despite concern over potential cleanup liabiliti…
INSIDER TRADING — Cambior president active in market
Louis Gignac, president of gold miner Cambior (TSE), recently moved into the market to increase his share holdings. According to the Ontario Securities Commission’s OSC Bulletin, Gignac bought 3,000 s…
Aspirations of the North
The Lac de Gras staking rush has quickened a largely unpopulated and undeveloped area to life after Dia Met Minerals and BHP-Utah Mines announced that the 160-ton sample from their find contains gem-q…
Drop of gold price a South African tragedy
Recession has hit South Africa’s mining industry hard, forcing down the price of gold, the closure of mines and the laying off of about 100,000 miners since retrenchment began in September, 1990. “The…
New Canamin drops Poplar
Having completed a limited amount of drilling on the Poplar property near Houston, B.C., New Canamin Resources (VSE) has decided to drop its option and concentrate on its Huckleberry property 25 miles…
LATIN AMERICA — Joint turnkey operation planned
Montreal-based SNC-Lavalin Inc. and Simon-Carves Ltd. of the United Kingdom have joined forces to supply turnkey sulphuric acid plants mainly in Central and South America and in Canada using the Monsa…
Juniors raise cash for diamond hunt
As a crew from Aber Resources (TSE) started ground checking geophysical targets on the Diavik joint venture property at the end of June, two other juniors arranged financing for diamond projects in th…
Formation acquires massive sulphide
Several major mining companies are reported to have expressed an interest in the Black Pine copper-cobalt-gold massive sulphide project recently acquired by Formation Capital (VSE) in the Blackbird mi…
Drilling program under way at Prairie Creek in N.W.T.
A 10,000-ft. drilling program is under way on the Prairie Creek property in the Northwest Territories, an advanced mine project recently acquired by San Andreas Resources (VSE). The property, develope…