Costs up by $14 million, but Lawyers producing
Although the final tally for realizing its goal proved to be some $14 million higher than expected, Cheni Gold Mines (TSE) says it has reached commercial production at its 100%- owned Lawyers mine in …
Articles by Northern Miner Staff
Correction (April 10, 1989)
Contrary to what was previously reported (N.M., Apr 3 /89, Encouraging results from Trader bet), Pamour Inc. was not a previous operator on a property held by Ronnoco Resources at Nighthawk Lake, near…
Black Swan plans Nevada program
An 8,000 ft drill program is planned this spring by Black Swan Gold Mines (TSE) on its Barrel Springs prospect in Pershing Cty., Nev. The property is held under option from Pershing Gold (SSE). The pr…
Chinese get close look at Canadian mining
Canada’s gold industry may not be all that old when compared with China’s, but it appears Canadians may be in a position to teach a mining trick or two to the Oriental nation. A small delegation of Ch…
Corona sues to halt bid by Goldcorp
A lawsuit has been launched by Corona Corp. (TSE) in the Supreme Court of Ontario dealing with the takeover battle for associated companies Dickenson Mines (TSE) and Kam-Kotia Mines (TSE). The legal a…
Gold funds as of April 4
BGR Goldcorp Central MVP Capital Net value $12.00% 8.93 6.47% $0.73 Price$ 9.50% 5.000 5.62% $0.55 Discount $ 20.83% 44.0% 13.1% 24.7% Value $7…
INSIDER TRADES (April 10, 1989)
Ansil — C. Harrop sold 7,800 (Feb.) @ $1.25 to hold 6,800. Eastmaque — H. Klingmann sold 5,000 (Feb.) @ $3.40-$3.45 to hold nil. Flint Rick — A. Donato bought 33,333 (Feb., private) @ 30 cents to h…
Atlantic, Jascan principals engage in control struggle
After months of manoeuvering, Jascan Resources (TSE) and Atlantic Goldfields (COATS) have finally shed their gloves and embarked on a major control battle. Jascan and Atlantic, both of Toronto, have i…
Missed Payment May Force Resolution at Dome Mountain
Holding a missed option payment by Total Energold (TSE) as a trump card, the prospectors and underlying vendors of the Dome Mountain project near Smithers, B.C., are forcing the key players to find a …
Northgate increases Geddes shareholding
Northgate Exploration (TSE) of Toronto recently purchased by way of private placement an additional 850,000 flow-through common shares of Geddes Resources (TSE) at $1.50 each. With 4,854,325 Geddes sh…
News in Brief (April 10, 1989)
Melrose Resources (VSE) has signed a letter of intent to purchase 20 claims in the Lac St. Jean area of Quebec. Terms of the agreement require Melrose to make payments totalling $10,000 and issue 100,…
Bresea issues shares to ease debt problems
Calgary-based Bresea Resources (ASE) has managed to ease itself out of financial difficulty by issuing shares for debt. According to Bresea, a debt load of $100,000 will be paid off when it issues 205…