Noranda can earn 50% of Soledad
An agreement in principle has been reached between Golden Queen Mining (VSE) and Noranda Exploration which would see the latter company spend $5 million (US) on Golden Queen’s Soledad Mountain propert…
Articles by Northern Miner Staff
Gold funds as of Oct 17
MVP BGR Central Capital Net value $11.61 $5.84 $0.57 Price $10.50 $5.62 $0.26 1/2 Discount 9.56% –3.7% 53.5% Value $69,138,767.60 $ 98,241,933 N/A…
Marcee planning to drill property in central Nfld
Macree Resources (COATS) has received a letter of intent from Yorkton Securities of Toronto for a $500,000 common share underwriting. Proceeds of the offering will be partially used for general corpor…
New Earth Scienes Centre opened at U of T campus
A new $55.5-million Earth Sciences Centre was officially opened on the main campus of the University of Toronto in Ontario recently. At the centre’s 400-seat lecture auditorium, Ken Babcock, assistant…
Dundee-Palliser to drill near VSM zinc discovery
Toronto-based Dundee-Palliser Resources (TSE) is preparing to start a $300,000 exploration on a group of 142 claims adjoining VSM Exploration’s (ME) zinc project in northwestern Ontario. So far at Gre…
IOCC GOLD OPTIONS (October 23, 1989)
Options Open SeriesVolumeLastInterest Nov 360 C .6913.502,920 Nov 370 C .1675.002,016 Nov 380 C .2022.003,111 Nov 400 C .900.602,501 Feb 370 C .8415.00 250 Feb 380 C .1589.90 640 Feb 390 C .776.00 54…
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…
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 …