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…
News
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…
News in Brief (October 17, 1988)
Rojoll Explorations has changed its name to Morrison-Grey Enterprises Ltd. (MGP:VSE) on a sharefor-share basis.
Vancouver Stock Exchange Value of trading in ’88 half of ’87
The anniversary of October 1987’s “Black Monday” is just around the corner, and although it’s the kind of milestone that only an unabashed short-seller could truly love, one need only look at VSE trad…
Lac appeal heard in Ottawa; motion for new trial refused
The same day Lac Minerals (TSE) began its final appeal before the Supreme Court of Canada in the ownership dispute over the Page-Williams mine, a Supreme Court of Ontario judge in Toronto ruled agains…
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 The Mineral Industry Assistance Program
The Sept 26th edition of The Northern Miner carried a letter from the President of the Prospectors and Developers Association of Canada, John Larche, commending our government on the recently announce…
Roddy Res. getting Bighorn into shape
Plans to put the Bighorn project in Arizona back on track are progressing slowly but steadily, says Roddy Resources President Steven Harapiak. “We’re methodically clearing out the problems,” at the he…
Canada’s richest gold mine seeks new manager for next 18 years
If it isn’t doing so already, Placer Dome Inc. (TSE) will soon be looking around for a person to replace Stewart Reid, manager of the Campbell mine at Balmertown, Ont. After 12 years at the helm of Ca…
Nerco Venture
Diversifying its interests outside of North America, Nerco Minerals, a subsidiary of Nerco Inc, has entered into two joint venture agreements which will see it explore for minerals in the prolific Kal…
Glen Auden grabs yield high grade
Several high grade gold showings have been discovered by Glen Auden Resources (TSE) on the company’s Sewell-Reeves property near Timmins, Ont. Channel samples across a 3.3-ft width yielded assays up t…
Seabright feasibility
A preliminary feasibility study is being completed by Seabright Explorations (TSE) on the company’s Touquoy gold property in Nova Scotia. A 20,000-ton bulk sample is also being mined which will be pro…