Old mining firm revived by Norad
Norad Resources (ASE), the former and long dormant Knutson Mining Corp. which dates back to 1937, has raised $500,000 for an active exploration program. The company, which retains its original McRae-R…
Articles by Northern Miner Staff
News in Brief (October 17, 1988)
Rojoll Explorations has changed its name to Morrison-Grey Enterprises Ltd. (MGP:VSE) on a sharefor-share basis.
Falconbridge consults rules in bid to halt Noranda Inc.
It may be merely a temporary snag, but the Ontario Securities Commission is delaying Noranda Inc.’s (TSE) recent bid to buy seven million Falconbridge Ltd. (TSE) shares at $22.25. Following a request …
Letters to the Editor Free trade and peace
The 12 nations of Europe, which at times have been bitter enemies, contemplate free trade and communication by 1992. Can two old friends, like Canada and the United States, do less? If friendly nation…
COATS Trading Features (October 17, 1988)
Trading was quiet as mining issues continued to drift in a lethargic market that has characterised the past several weeks. Prices were easier for Boston Bay Mines which tested a new low of $2.50 this…
Alternatives being examined to Ontario Mineral Exploration Program
The Ministry of Northern Development and Mines is examining alternatives to its popular Ontario Mineral Exploration Program (OMEP). It hopes to come up with some definitive conclusions on alternatives…
FINANCING (October 17, 1988)
VANCOUVER Cazador Expls Ltd — gross proceeds rec $180,000. Gulderand Mining Corp — 400,000 offered at 75 per sh. Amanda Res Ltd — 600,000 offered at 40 per sh. Shoshoni Gold Inc — 500,000 offere…
Chinese invest in All-North
The China International Trust & Investment Corporation, the foreign investment arm of the Chinese government, has made what appears to be a precedent setting investment. The investment bank has taken …
Aurora has cash for property acquisitions
Aurora Gold (ASE) plans to take nearly $850,000 cash profit from an oil and gas investment and spend it on mineral property acquisitions. Gary Nolin, a director and officer of the Calgary-based compan…
Delaware to take over Prime Capital
A takeover offer by Delaware Resources Corp. (VSE) for Vancouver-based Prime Capital should put the continuing company firmly in the hands of Corona Corp. (TSE). Prime Capital chairman Murray Pezim co…
McFinley wrestles with temperamental ball mill
The McFinley Red Lake Mines (TSE) project near here, looks like a safe bet to become the first new gold producer in the Red Lake camp for at least 25 years. After spending about $25 million, the compa…
Int’l Thunderwood going underground at Gold Hawk
During the first nine months of this year, International Thunderwood Explorations (TSE) spent $4.3 million on mineral exploration. The bulk of the money went to the Pelletier Lake and Gold Hawk projec…