MinVen acquires gold prospect
Blackdome Mining, a wholly owned subsidiary of MinVen Gold (TSE), recently entered into an agreement to acquire a group of four claims known as the Elizabeth property, 19 miles south of the Blackdome …
Articles by Northern Miner Staff
$18.9 million for Lithoprobe
Federal government support for the project Lithoprobe will increase by 50%, bringing the amount to $18.9 million over the next three years. Lithoprobe is the largest multidisciplinary study of the ear…
GOLD FUNDS (July 09, 1990)
MVP BGR Central Capital Net value $10.88 $5.52 $0.34 Price $9.375 $5.500 $0.20 Discount %13.83% %0.4% 41.2% Value $64,786,475.29 $92,533,650 N/A…
More resignations at Cheni
Just months after Paul Girard resigned as president, Cheni Gold Mines (TSE) has announced the resignation of Malcolm Taschereau, chairman of the company’s board of directors and executive committee. E…
Trimin mulling offer for Hanson Lake
Billiton Resources, a unit of Royal Dutch/Shell Group of Companies, recently made an offer to buy the 32.9% interest in the Hanson Lake polymetallic deposit owned by Trimin Resources (TSE). The terms …
Corona, Jodamada buy Dundee shares
A family holding company controlled by Dundee Capital Chairman Ned Goodman has acquired more than one million shares and more than a half-million warrants in Dundee, an investment management company k…
People VANCOUVER STOCK EXCHANGE
Martin Reynolds, vice-president and director of Nesbitt Thomson Deacon Inc. re-elected to the position of chairman of the board of directors for the 1990/91 fiscal year.
Seven Mile High directors resign
A number of directors and officers of Seven Mile Group (VSE) have resigned pending a hearing before the British Columbia Securities Commission scheduled for July 6. Maurice Hamelin, former president, …
Asarco options Asquith property
A Canadian subsidiary of Asarco (NYSE) recently signed an option agreement to earn a 60% interest in 71 claims owned by Asquith Resources (COATS) in the Shining Tree area of northern Ontario. Asarco c…
Gold price forces shut down of Canamax’s Kremzar, Ketza
Unless gold prices improve dramatically in the near future, Canamax Resources (TSE) will wind down production temporarily at two of its three Canadian gold mines. A company spokesman said the Ketza Ri…
Correction Geddes Resources
Contrary to what was reported (T.N.M., July 2/90), Geddes Resources (TSE) is proposing to construct a 104-km road to link its Windy Craggy project to the Haines Highway which then leads south to Haine…
NEWS IN BRIEF Eastmaque Gold Mines Ltd.
Eastmaque Gold Mines Ltd. (EMG:VSE) shareholders can convert their preference shares at a ratio of 1.2 common shares for each preference share at any time over a 30-day period during 1990 yet to be de…