Toronto-based Franco-Nevada Mining (TSE) has joined the growing list of Canadian resource companies planning to adopt a poison pill mechanism to prevent it from becoming the victim of an unwanted take…
Calgary-based Varna Gold (ASE) says a 3,000-ft. drill program got under way recently at the company’s Ming’s Bight joint venture in Newfoundland. As part of a plan to earn a 70% stake in the project, …
Some substantial gains were made during the week ended Jan. 16 by three Alberta issues which haven’t been among the most active traders lately. During the week, Zenmac Zinc added an impressive 58 cent…
Gold contained in reserves at the American Mine property owned by BMR Gold (ASE) total 135,000 oz. Incorrect figures were reported in a previous story on BMR (T.N.M., Dec. 11/89).
Your paper has printed several articles about Platinova Resources’ activity in Greenland. Last March you also noted the association of Platinova with Deni son Mines regarding a project to dredge fin…
Despite a dramatic drop in activity in the junior resource sector in Nova Scotia since the heyday of flow-through shares, exploration is continuing, mostly by majors and the few juniors which have man…
Gold producer Corona (TSE) has increased its interest in Newhawk Gold Mines (TSE) by participating in three flow-through share agreements valued at $2.1 million. By acquiring an additional 913,001 sha…
Mining executive J.M. Slack, who is spearheading the activities of Deak Resources (TSE), recently made his first formal investment in the Toronto company. .T J.M. Slack & Associates, a company contr…
Gold Vessel Resources (ASE) recently agreed to invest up to $1.5 million in an old Arizona mining property in the hope that it will generate some quick cash flow while yielding as yet undiscovered gol…
Cassiar Mining (TSE) recently assumed responsibility for completing work on its $50-million McDame asbestos project in British Columbia. Prior to Dec. 20, Hillsborough Resources (TSE) of Toronto was w…
High Frontier Resources (VSE) has acquired an option on 54 claims in Ontario’s Teck, Bernhardt and Maisonville twps. Frontier can earn a 100% interest in the claims by making a cash payment and issuin…
Low uranium prices — below US$10 per lb on the spot market — have wiped out the mining of that mineral in New Mexico. The state, which had 55 uranium mines in 1978, saw its last such mine close rece…
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