Iron carbide producer
Territorial rights encompassing 15 states in the U.S. have been granted to American Iron Carbide, a wholly owned subsidiary of Millers Cove Resources (ASE), for the production of iron carbide. Holder …
Articles by Northern Miner Staff
Franco-Nevada board votes to adopt poison pill plan
Toronto-based Franco-Nevada Mining (TSE) has joined the growing list of Canadian resource companies planning to adopt a poison pill mechanism to prevent it from becoming the victim of an unwanted take…
Varna busy in Maritimes as Corona starts program
Calgary-based Varna Gold (ASE) says a 3,000-ft. drill program got under way recently at the company’s Ming’s Bight joint venture in Newfoundland. As part of a plan to earn a 70% stake in the project, …
Alberta Stock Exchange Zenmac moves up
Some substantial gains were made during the week ended Jan. 16 by three Alberta issues which haven’t been among the most active traders lately. During the week, Zenmac Zinc added an impressive 58 cent…
BMR Correction
Gold contained in reserves at the American Mine property owned by BMR Gold (ASE) total 135,000 oz. Incorrect figures were reported in a previous story on BMR (T.N.M., Dec. 11/89).
Queries Lake Ontario dredging sill on the books
Your paper has printed several articles about Platinova Resources’ activity in Greenland. Last March you also noted the association of Platinova with Deni son Mines regarding a project to dredge fin…
Atlantic Report Cape Breton Highlands get going over
Despite a dramatic drop in activity in the junior resource sector in Nova Scotia since the heyday of flow-through shares, exploration is continuing, mostly by majors and the few juniors which have man…
Corona ups stake in Newhawk
Gold producer Corona (TSE) has increased its interest in Newhawk Gold Mines (TSE) by participating in three flow-through share agreements valued at $2.1 million. By acquiring an additional 913,001 sha…
J.M. Slack purchases Deak Res. debentures
Mining executive J.M. Slack, who is spearheading the activities of Deak Resources (TSE), recently made his first formal investment in the Toronto company. .T J.M. Slack & Associates, a company contr…
Gold Vessel likes cash flow, promised by Arizona gold bet
Gold Vessel Resources (ASE) recently agreed to invest up to $1.5 million in an old Arizona mining property in the hope that it will generate some quick cash flow while yielding as yet undiscovered gol…
Cassiar assumes McDame development
Cassiar Mining (TSE) recently assumed responsibility for completing work on its $50-million McDame asbestos project in British Columbia. Prior to Dec. 20, Hillsborough Resources (TSE) of Toronto was w…
High Frontier option
High Frontier Resources (VSE) has acquired an option on 54 claims in Ontario’s Teck, Bernhardt and Maisonville twps. Frontier can earn a 100% interest in the claims by making a cash payment and issuin…