Can-Mac flow-through
Can-Mac Exploration (VSE) has arranged a flow-through share financing of $300,000. Can-Mac will issue 909,091 common shares at a price of 33 per share. The company must spend the proceeds by Dec 31 o…
Articles by Northern Miner Staff
Chesbar, Murgold set sights on mid-1989 gold production
The Chester Twp. gold project in northern Ontario being developed by Chesbar Resources (TSE) and Murgold Resources (TSE) could be operational by early summer, 1989. Chesbar President J. T. Flanagan sa…
Convention reflects industry strength
There was a surprising unanimity of opinion on the future of the United States precious metals industry by key executives at the Northwest Mining Association convention held here recently. A special f…
Vancouver Stock Exchange Pezim companies dominate trading
Heavy exploration activity in Northwestern British Columbia for both gold and copper and the promotional abilities of Murray Pezim, can be collectively credited with generating the lion’s share of rec…
Noranda to continue exploration on Hislop claims
Further exploration entailing a substantial second phase diamond drill program and an orientation IP survey is planned for the Hislop property east of Timmins, Ont. During 1988, the property was the s…
Franco-Nevada to explore Redstone copper deposit
Franco Nevada Mining (TSE) which holds a royalty interest in the huge Goldstrike gold mine in Nevada, has agreed to acquire a major slice of a large Northwest Territories copper deposit. In a bid to b…
FINANCING (December 05, 1988)
VANCOUVER GBX Res. Corp. — gross proceeds rec $210,000. Moraga Res. Ltd. — gross proceeds rec $430,000. Simon Fraser Res. Ltd. — gross proceeds rec $175,000. Stonewall Res. Inc. — 300,000 sold for…
Tarzan to acquire Glen Auden claims
Toronto-based Glen Auden Resources (TSE) has agreed to sell 152 claims at Keith Twp., Ont., to Tarzan Gold (ASE) in return for the $94,000 which the company has already spent on previous work and acqu…
Ateba sampling old Magnet mine workings
Underground mapping and sampling are currently under way on Ateba Mines’ (TSE) Magnet mine property, located 10 km west of Geraldton, Ont. A dewatering program, completed last month, has enabled acces…
Editorial A worthwhile collection
Thanks to the efforts of some tireless volunteers and the generosity of several mining companies, Canada’s National Museum of Natural Sciences may soon be endowed with one of the most remarkable miner…
Metal Prices PRODUCER PRICES (December 05, 1988)
ALUMINUM: MW U.S. Market $1.06-$1.08 per lb. (Nov 22, 1988). ANTIMONY: New York dealer 95 -$1.00 per lb. (Nov 3, 1988). BISMUTH: New York dealer $6-$6.15 per lb. (Nov 22, 1988). CADMIUM: New York deal…
Coal Conference (December 05, 1988)
The second regional conference on coal marketing, technology and mining, which will be held in Brisbane, Aust., from June 5-8 , 1989, will bring together coal suppliers and electricity power generatin…