Blue Emerald, Central Crude in option deal
A 60-claim property in the Mishibishu Lake area of northern Ontario is to be optioned by Blue Emerald Resources (VSE) from Central Crude (TSE). The two companies have agreed in principle to a deal whi…
Articles by Northern Miner Staff
FINANCING (September 25, 1989)
Aramis Ventures — 500,000 sold for gross $225,000 Golden Pick Res — 250,000 com & 250,000 flow-through offered @ 50 cents per sh Mad River Res — 670,000 offered @ 33 cents per sh Southern Cross G…
Discovery boosts Crown Butte
Widespread speculation that a significant gold skarn deposit is shaping up on the New World project in Park Cty., Mont., has dramatical ly boosted the share price of owner/operator, Crown Butte Resour…
Phelps Dodge eyeing Canadian projects
After recently establishing a new regional office in Toronto, Phelps Dodge of Canada is gearing up to become more active in the Canadian mining scene. The company is a wholly owned subsidiary of Phelp…
McNickel sheds 25 cents COATS (over-the-counter)
A sell-off involving the shares of Toronto-based McNickel Inc. continued again this week. The McNickel issue shed 25 cents to close at $1.25 after a total of 3 1 transactions took place on a volume…
Oneida US Page Sept 19
Placer Dome (TSE) has elected to exercise its option to buy 600,000 shares ofOneida Resources (VSE) at $2.25 per share. Placer had previously purc hased 400,0 00 Oneida shares from treasury at $1.75 p…
Placer Dome options Fairfield gold discovery
A drill program will begin next month on the Elk property where Fairfield Minerals (VSE) recently made a high grade gold discovery. Easily accessible by road, the Elk property is mid-way between Peach…
Earnings report Should go
Newmont Mining Corp. reported second-quarter net income of $7.2 million(US) or 11 cents per share, compared with $19.4 million or 29 cents per share in the same period last year. Net earnings for …
Gldn. Cresent ahead Alberta Stock Exchange
Exploration at the Talbot Lake gold property in northwestern Ontario is becoming the subject of investor interest, as indicated by the recent t rading activity of Golden Crescent Resources. One of th…
Filmon promises aid for Hud Bay project
Hudson Bay Mining and Smelting (TSE) received some encouraging news recently relating to its bid to win $86 million in federal and provincial govern ment loans for a modernization program at its coppe…
Aur director earns profit from sale of company stake
Leo Thibodeau, a director and original financial backer of Aur Resources (TSE), made a tidy profit recently while increasing his stake in the Toronto-based go ld producer. According to a recent Ontari…
Petromet Sept 19
Exploration data from the Ming West deposit are being assessed before the final part of a $3.8-million exploration program is completed, partners Petromet Res ources (TSE), Newfoundland Exploration (T…