Rockford, Tyranex
Rockford Minerals (TSE) has acquired a 48% interest in Tyranex Gold (COATS) under the terms of a takeover bid. Tyranex shareholders tendered 652,900 shares to Rockford on the basis of one common share…
Articles by Northern Miner Staff
Integrated stalled in bid to win 51% stake in Northern
Edmonton-based Integrated Resources (ASE) says that securities regulations have prevented it from acquiring a 51% stake in Northern Minerals (TSE). Under the terms of an offer which was scheduled to e…
Goldnev drilling unsuccessful
Deep drilling on the Maggie Creek Ranch property in the Carlin area of northeastern Nevada returned no significant assays. The property, owned by Goldnev Resources (VSE), is being optioned by Barrick …
Uranium issue
A unit offering is planned by Uranium Resources International (TSE). Boettcher & Co., a Denver-based brokerage firm, is underwriting the issue totalling 1.15 million units, each consisting of one comm…
Bema high on potential on Refugio property
Recent drilling on the Refugio property in northern Chile’s Maricunga district has convinced Bema Gold (TSE) that the property has potential to host a “world class” gold deposit. The Vancouver-based j…
Gold funds as of Jan 9
MVP BGR Central Capital Net value $12.20 $6.09 $0.48 Price $11.00 $6.00 $0.38 Discount 9.84% 1.5% 26% Value $72,620,015 $102,5…
Alberta Stock Exchange Kingswood big trader
As drill rigs are already up and running across the continent, after the Christmas break, it is hardly surprising that some of the junior mining issues were among the volume leaders. For the week ende…
Hall of Fame Photo by George Onuska
Newly inducted into the Canadian Mining Hall of Fame is 89-year-old Alex Mosher, who was accompanied to this year’s dinner by granddaughters Judy Lennox (left) and Jane Ratchford.
Micro-organism use growing 12% annually in the mining industry
Use of micro-organisms to extract and concentrate metals is a US$2-billion per year business worldwide, and growing at an annual rate of 12-15%, Falmouth Associates of Maine reports in a multi-client …
Robinson litigation is settled
Now that the Robinson gold mine litigation is officially settled, Alta Gold (NASDAQ) and partner Echo Bay Mines (TSE) expect to produce about 115,000 oz. gold at Robinson in 1990. Kennecott recently g…
Winter drilling by Spirit Lake
A winter drill program being started by Spirit Lake Explorations (ME) on the company’s Edwards gold property is designed to block out a high-grading reserve of minable ore, President John Hansuld told…
Noranda to earn 51% in Queenston’s bet
Noranda Exploration, a unit of Noranda (TSE) recently agreed to earn a 51% stake in Queenston Mining’s (TSE) Pawnee gold property in Kirkland Lake, Ont., by spending $1.1 million on exploration over f…