Canmine acquires Mexican silver bet
Toronto-based Canmine Resources (CDN) has agreed to purchase the San Antonio silver property in the province of Chihuahua, Mexico. In exchange for 100,000 common Canmine shares and a 15% net profits r…
Articles by Northern Miner Staff
Prime moves to acquire Goldnev
Already the owner of 36.7% of the outstanding shares of Goldnev Resources (VSE), Prime Equities (VSE) plans to acquire the balance under a recently announced takeover offer. Prime is offering Goldnev …
22 Ontario projects receive $508,000
This year 11 Ontario universities will receive a total of $508,000 in provincial grants for 22 geoscience research projects, Mines Minister Gilles Pouliot has announced. The funding, about $500,000 e…
On the Level Australia’s Coronation Hill could happen here
Australia even riskier for foreign investment than Ontario? I was shocked to read recently that the government of Australia, a Commonwealth country with many parallels to ours, has ordered a halt to a…
Vancouver Stock Exchange Financing boosts Fairfield
A review of trading activity for the first half of 1991 shows a distinct drop compared with the same period last year. Daily volume during the first half fell by more than 14%, with daily value decrea…
Miners fight Newfoundland parks
Newfoundland’s mining industry is beginning to look askance at the province’s drive to protect more Crown land from mineral and other forms of economic development. The industry is afraid the provinc…
Output up, costs down at Canada’s top gold mines – Macassa now in
Cumulative gold production from Canada’s 12 largest gold mines jumped almost 8% to 2.7 million oz. in 1990. Once again, Ontario’s Hemlo area gold mines took the spotlight, churning out over 1.3 mill…
PROFILE Peter Bojtos expands RFC’s Pend Oreille
Situated in northeastern Washington State is the Pend Oreille property, whose Yellowhead zone recently yielded encouraging results. Halfway through the current drill program, RFC Resource Finance, 44%…
Correction (July 15, 1991)
Contrary to what was previously published (“Keeping Secrets,” T.N.M., June 10/91), Amada Mineral Corporation of Denver, Colo., is a private company.
Cross Lake
Looking for massive sulphide deposits, Cross Lake Minerals (VSE) has purchased 51 claims at Timmins, Ont., for $4,080 and 100,000 shares. The claims cover a rhyolite-basalt contact thought to be part …
O&C sells assets, buys back shares
Planning to diversify its activities in North America, Osborne & Chappel Goldfields (TSE) has agreed to sell half of its 50% interest in the Los Lilenes SA group of Panama to its major shareholder, Od…
Unlisted Trading Horne moves on slag
Horne had been negotiating with a U.S. partner for a 50% interest in the project for which leaching, the company said, may be the preferred method for metal extraction. That partner, Horne said, has a…