Gulf rejects Audrey bid for Asamera Min.
The gap between the valuation placed by Audrey Resources (TSE) and Asamera Minerals’ (TSE) parent Gulf Canada Resources on Asamera’s Canadian and U.S. mineral assets is apparently too wide. Audrey Pre…
Articles by Northern Miner Staff
Echo Bay won’t increase its stake in Magino, Magnacon
Large North American gold producer Echo Bay Mines (TSE) has decided not to proceed with a plan to exchange its shares in the Muscocho group of companies for a direct interest in the group’s struggling…
Freewest in position to fund Noranda bet
A flow-through financing agreement with CMP 1990 Resources and Co. has put Freewest Resources (ME) in a position to fund its share of a 100,000-ft. drill program at its 40% owned Harker Holloway gold …
Alberta Stock Exchange Louisiana eyes copper
A copper project in New Mexico near the town of Silver City has caught the attention of Louisiana Mining. The junior has entered into a letter of intent with an individual to acquire a 51% interest in…
Encouraging zinc/copper values reported at Greenstone project
Partners Greenstone Resources (TSE) and Dragoon Resources (VSE) say they are getting indications that a large base metal deposit could exist within the boundaries of their jointly held McNeil property…
Metal Prices (May 07, 1990)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date May 1 Apr. 30 Apr. 27 Apr. 26 Apr. 25 Copper 1755-1760 1578-1579 1624.50…
Mercur mine lawsuit postponed until fall
The Mercur mine lawsuit involving American Barrick Resources (TSE) and Utah exploration company Gold Standard (NASDAQ) probably won’t be tried until later this year. Originally scheduled to begin Apri…
Gold funds as of May 1
MVP BGR Central Capital Net value $10.86% %$5.73% $0.37% Price $9.375% %$6.000% $0.22% Discount 13.67% %4.7% 40.5% Value $64,670,865 $100,945,800 N/A…
Goldbank gold assays
Anomalous surface assay results have been reported by Goldbank Ventures (ASE) from the Hayes gold showing on the company’s 100% owned Bon property on Vancouver Island, about 15 miles northwest of Nana…
Bethlehem moves onto newly opened Shining Tree mining claims
The first mining company to announce a stake in a band of newly opened claims near Cobalt, Ont., is Bethlehem Resources (TSE). Bethlehem, along with joint venture partner Northair Mines (TSE), staked …
Timmins nickel set to resume milling at Giant Yellowknife
Nickel producer Timmins Nickel (TSE) says a contract with Giant Yellowknife Mines (TSE) for custom milling of ore from the Redstone mine near here will resume soon at Giant’s Schumacher mill. The old …
Insider Trading Jonpol, Pollock bet on Northway claims
Results released by a number of participants in the Vezza-Douay Twp. region of northwestern Quebec have drawn attention to what looks like a promising gold exploration play. While economic gold values…