Metal Snips (January 22, 1990)
Low uranium prices — below US$10 per lb on the spot market — have wiped out the mining of that mineral in New Mexico. The state, which had 55 uranium mines in 1978, saw its last such mine close rece…
Articles by Northern Miner Staff
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…
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…
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…
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…
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…
Bema high on potential on Refugio property
Recent drilling on the Refugio property in northern Chile’s Maricunga district has convinced Bema Gold (TSE) that the property has potential to host a “world class” gold deposit. The Vancouver-based j…
Uranium issue
A unit offering is planned by Uranium Resources International (TSE). Boettcher & Co., a Denver-based brokerage firm, is underwriting the issue totalling 1.15 million units, each consisting of one comm…
Goldnev drilling unsuccessful
Deep drilling on the Maggie Creek Ranch property in the Carlin area of northeastern Nevada returned no significant assays. The property, owned by Goldnev Resources (VSE), is being optioned by Barrick …
Integrated stalled in bid to win 51% stake in Northern
Edmonton-based Integrated Resources (ASE) says that securities regulations have prevented it from acquiring a 51% stake in Northern Minerals (TSE). Under the terms of an offer which was scheduled to e…
Rockford, Tyranex
Rockford Minerals (TSE) has acquired a 48% interest in Tyranex Gold (COATS) under the terms of a takeover bid. Tyranex shareholders tendered 652,900 shares to Rockford on the basis of one common share…
Arizona leads in mining
Arizona is the leading nonfuel mineral producer in the U.S., according to figures released by the U.S. Bureau of Mines for 1988. The value of mineral production reported for Arizona was in excess of U…