Parquet, Cache cut strong gold values
Joint venture partners Parquet Resources (TSE) and Explorations Cache (ME) have intersected 38.2 ft. grading 0.34 oz. gold per ton and 13 ft. grading 0.67 oz. in two recently completed drill holes on …
Articles by Northern Miner Staff
City presses ERG over site agreement
The mayor of Timmins, Dennis Welin, is serving notice that the owners of the ERG Resources (TSE) tailings reclamation operation will have to live up to the terms of a site agreement. The 1987 agreemen…
Deception Lake drilling disappoints
A 10,000-ft. drill program by Northair Mines (TSE) is nearing completion on the Deception Lake lead-zinc-gold- silver prospect in northern Saskatchewan. Northair, which is earning a 51% interest in th…
Goldbelt gets option
Goldbelt Mines (TSE) has signed an option agreement with Glen Auden Resources (TSE), giving the company the right to earn a 50% interest in Glen Auden’s 219-claim property in Moody Twp., Ont. The Mood…
Letters to the Editor Miner’s library should stay open
I regret to learn of the decision by The Northern Miner to close its library to the public which was recently announced in your paper. The library is an extremely important source of information to th…
People (February 12, 1990)
PEGASUS GOLD — James Redpath appointed a director succeeding James Foreman. Stanton Bennett, vice-president and secretary, has retired. Lyle Beaudoin will assume the responsibilities of general couns…
Peat Resources conducting tests at Ontario Hydro
In its bid to capitalize on the vast peat lands of northern Ontario, a little-known company called Peat Resources (COATS) is conducting a series of burning tests through the research division of Ontar…
Dumagami merger a boost Agnico earnings on the rise
Anyone pondering a takeover of Agnico-Eagle Mines, as recent trading in its shares might suggest, could find the going rough. The past week alone saw more than three million shares change hands on the…
Bronfman’s Claridge wing ups Greenstone interest
The Montreal Bronfman group appears to have offered Greenstone Resources (TSE) a vote of confidence by increasing its stake in the Toronto-based exploration company to 28.3%. A recent issue of the Ont…
Minnova in red after Donalda writeoff
A net loss for 1989 of $6.9 million (48 cents per share) was reported by Minnova (TSE), compared with a net gain of $921,000 (7 cents per share) for the previous year. The company recorded a net loss …
Minnova ups stake
Minnova (TSE) has acquired another one million shares of Laramide Resources (VSE) which increases Minnova’s stake in the company to 37.2%. The shares were issued to Minnova after the company spent $1 …
Vancouver Stock Exchange Trading activity comes to life
With gold prices moving in the right direction and companies announcing drilling budgets for the coming season, trading activity on the Vancouver Stock Exchange is beginning to show signs of life. At …