New LAC investment
Although LAC lost its recent appeal in the Supreme Court of Canada for ownership of the Williams mine, it could more than make up for that loss through its new investment in Bond International, and th…
Articles by Northern Miner Staff
Placer almost done draining Paymaster
A mine dewatering program is nearly 80% complete on the Paymaster property which is being explored by 60/40 joint venture partners Placer Dome (TSE) and American Reserve Mining (VSE). The property, wh…
FINANCING (October 16, 1989)
ONTARIO Cochise Res — final reciss offer 1,800,000 @ $2.25 per sh to net $2,449,800. VANCOUVER Braemount Res — gross proceeds rec $500,000 Canadian Patricia Expl — gross proceeds rec $360,000 Grac…
Nevada Goldfields reports net loss
For the fiscal year ended June 30, Nevada Goldfields (TSE) reports a net loss of $15 million, compared with a net income of $2.8 million a year earlier. The loss includes a combined writedown of $8.2 …
News in Brief (October 16, 1989)
Azora Minerals has changed its name to International Azora Minerals Inc. (IAZ:VSE) on a 1-new-for- 4-old share basis. Transfer agent is Montreal Trust Company.
Several nickel projects alive despite price decline
The base metal price boom of 1988 may be fading into history now, but the legacy of new nickel projects it left behind still endures. It was nearly a year ago this month, for example, when Hudson Bay …
Letters to the Editor Devon R&D centre not closing
In the editorial page of your edition of Oct 2, 1989, you allude to cuts in R&D in surface mining at one of the Canada Centre for Mineral and Energy Technology (CANMET) laboratories at Devon, Alta., t…
Amax, U.S. Gold OK $73-million(US) Hayden Hill project
Colorado-based companies Amax Gold and partner U.S. Gold have agreed to go ahead with a $73-million(US) development plan to bring their Hayden Hill gold project into production by 1992. Situated in La…
High grade ore shoot drilled by Biron Bay
Results just released by Biron Bay Resources (ASE) from the Summit gold project in New Mexico indicate that the property contains a high grade ore shoot within a gold- silver deposit delineated by ear…
Corona awarded Rambler
Corona Corp. (TSE) has been awarded the rights to the Rambler North properties from the Newfoundland government. A proposal submitted by Corona and Goldbar Resources, a Newfoundland-based junior explo…
COATS (over-the-counter) Gold issues gain
A group of junior companies with gold properties in Chester Twp., Ont., continued to see active trading again this week although there has been little news released regarding drill results obtained on…
Golden Point reports Wawa project results
A $300,000 exploration program has been recommended to follow up a gold-bearing quartz vein system on Golden Point Exploration’s (ASE) McMurray Twp., property near Wawa, Ont. The 41-claim property is …