Dufresnoy proposes reverse stock split
The board of directors of Dufresnoy, Societe d’Exploration Miniere (ME) have proposed a reverse split of the capital stock of the company based on a ratio of five class A shares for one new common sha…
Articles by Northern Miner Staff
Drill program for Omega project
A 5,000-ft. drilling program will be undertaken by Hemlo Gold Mines (TSE) on the Omega property east of Kirkland Lake, Ont., Greater Lenora Resources (TSE) reports. Hemlo Gold may earn a 60% interest …
Arimetco plans Zonia production
Heap leaching and solvent extraction-electrowinning (SX-EW) is under consideration by Arimetco International (TSE) for a recently acquired copper property in Arizona. The company has leased the 1,200-…
NEWS ROUNDUP — Shebandowan mine to be reopened
The Shebandowan nickel-copper mine of Inco (TSE) in northwestern Ontario, shut down May 15 as part of Inco’s cash conservation measures, will be reopened Oct. 12. The reopening will provide jobs for 3…
NEWS ROUNDUP — Cominco sells Aberfoyle interest
Proceeds of about $135 million will be realized by Cominco (TSE) from the recent sale of its 46.3% interest in Aberfoyle to Australian and international institutions. Aberfoyle owns the Hellyer zinc-l…
GOLD FUNDS (September 07, 1992)
BGR Central Net Value $8.18 $4.87 Price $6.88 $4.50 Discount 15.97% 7.6% Value $48,627,000 $75,709,350…
FINANCING (September 07, 1992)
Sundance Res. Ltd. – 2,200,000 shs with 200,000 guaranteed (initial shs) @ 23 cents per sh and 2,000,000 shs on a Best Efforts basis (“remaining shs”) @ prevailing market price subject to a minimum of…
Arbor options Yukon projects
An undisclosed senior mining company recently signed a letter-of-intent option agreement on the Lone Star property and other mineral claims held by Arbor Resources (VSE) in the Klondike gold camp of D…
STOCK MARKETS — Barrick soars to new high on anticipated
Despite a sluggish gold price, the TSE’s gold and silver index edged up by almost 300 points during the week ended Sept. 1 as the market took heed of optimistic forecasts for the yellow metal. Investo…
Brush Creek, MK to join forces
According to a recent letter of intent agreement, Brush Creek Mining (NASDAQ) and MK Gold, the mining subsidiary of Morrison Knudsen, plan to join forces to explore and develop gold properties in Russ…
New Duport design proposed
A new design for the Duport project of Consolidated Professor Mines (TSE) in northwestern Ontario has been proposed which will relocate all ore processing from the island mine location to a site outsi…
Six drills active on Ramrod projects
At least six drilling rigs are now active on various properties held by Consolidated Ramrod Gold (TSE) in western North America and Mexico. Among the more recent programs to get under way is a 2,000-m…