Galactic adds new blood, Friedland steps back
After a decade as the driving force behind Galactic Resources (TSE), Robert Friedland has stepped aside as president and chief executive officer to turn over the helm of the company to a management te…
Articles by Northern Miner Staff
Looking beyond North America for exploration opportunities (June 18, 1990)
More than ever before, Canadian juniors are now looking overseas for new investment opportunities as exploration heads for a slowdown at home. A brief survey of junior mining companies by The Northern…
Placer stands by cash offer to buy Stikine shares
Shareholders of Stikine Resources (TSE) will have the opportunity to accept buy- out offers for their shares from either Corona (TSE) or Placer Dome (TSE). Both major companies recently announced offe…
Gibraltar survived downturns to profit when copper is up
British Columbia’s Cariboo region is a land of old mountains, weathered down to undulating hills. Near the top of one of them is the Gibraltar mine, as steady a copper producer as the famous rock that…
Pre-feasibility under way at Athabaska Gold project
Drilling at the Nicholas Lake gold project held by Athabaska Gold Resources (TSE) and Chevron Minerals has been placed on hold while the partners complete an initial feasibility study. Situated 60 mil…
Breakwater’s efforts at Estrades typical of challenges facing (June 18, 1990)
The approach road to the Estrades project site, floating as it does in the midst of a swamp, gives some indication of the unique difficulties Breakwater Resources (TSE) has to overcome in preparation …
INSIDE Pioneer problems
Pioneering mine operators are finding it rough going in northwestern British Columbia north of Stewart, B.C. Three recently opened mines are all facing problems that weren’t contemplated back in 1986-…
NovaGold takes charge over Etruscan assets
In a share swap agreement, NovaGold Resources (TSE) has gained control of Etruscan Enterprises (VSE). Offering one Novagold share for every 1.2 Etruscan shares, NovaGold acquired 71% of Etruscan and s…
Montreal Stock Exchange Val d’Or big trader
News of a deal with Noranda Mines covering exploration of property adjacent to the Bardome zinc project in the Val d’Or, Que., area helped to spark the trading of more than 1.2 million shares of Resso…
St. Genevieve agrees to adopt poison pill
Directors at St. Genevieve Resources (TSE) have agreed to adopt a shareholder protection rights plan. St. Genevieve says the overall objective of the plan is to discourage “unfair” takeover tactics an…
Goldbelt to be an active player in Galore Creek (June 18, 1990)
Because of an equity stake in Pass Lake Resources (VSE) along with a healthy direct land position, Goldbelt Mines (VSE) will be an active player in the Galore Creek area. Galore Creek is part of the a…
Nevada gold output sets record in 1989
Gold production in Nevada reached record levels in 1989, jumping 36% from the previous year. Total production from Nevada mines surpassed five million ounces said the Nevada commission on economic dev…