MVP takeover proposal for troubled Camindex
In order to get its hands on gold production, MVP Capital Corp. (TSE), a mining finance company, has made an offer to acquire a minimum 90% interest in Camindex Mines (TSE). MVP is offering Camindex s…
Articles by Northern Miner Staff
Comex set to begin trading high grade copper contracts
A high grade copper contract will be introduced July 29 by the New York Commodity Exchange (Comex) in response to a growing supply of, and demand for, Grade 1 cathodes. Hugh Sigmon, Comex’s director o…
Canamax ups stake in Bell Creek mine
Canamax Resources (TSE) has acquired the remaining 50% interest in the Bell Creek gold mine from Pamorex Minerals (TSE). The mine is located near Timmins, Ont. Canamax, which owns the other 50% stake,…
Pioner gold loan
A 52,000-oz gold loan has been completed by Pioneer Metals Corp. (TSE) which will fund the company’s share of capital costs at the Premier gold project in British Columbia. Having a value of $28.75 mi…
Corona expands position in Tigris B.C. claim group
Expanding its already sizeable land position on Nickel Plate Mountain near Hedley, B.C., Corona Corp. (TSE) has assumed Lacana Mining’s interest in the large claim group held by newly-formed Tigris Mi…
Underground program near at Thunderwood prospect
Toronto-based International Thunderwood Explorations (VSE) reported a small operating loss of $9,024 during the 6-month period ended April 30. But with a first-half working capital position of $900,00…
Golden Tanager completes survey
A geophysical survey has been completed by Golden Tanager Resources (COATS) on the company’s two properties near Pickle Lake, Ont. On the North Caribou property, located 166 km north of Pickle Lake, t…
Correction (July 18, 1988)
Contrary to what was reported in The Northern Miner recently, proven reserves at Borealis Exploration’s (ASE) Fat Lake project in the Northwest Territories stand at 52,500 tons of grade 0.325 oz gold …
Production possible by mid-1990: Yorbeau
Production at the Astoria property near Rouyn-Noranda, Que., could be 18 months away, the president of Yorbeau Resources (TSE), Karl Glackmeyer, told shareholders at the annual meeting in Montreal. “W…
Montreal Exchange Downturn in market
Whether or not the extra warm weather of late is responsible, something has caused a downturn in the market. While daily trading volumes the past week have been fairly constant (in the 4.8 million-to-…
Alberta Stock Exchange Tarzan climbs high
Volumes were down once again this week as Alberta investors continued to play wait and see with both gold prices and the future direction of the U.S. economy. As a result, the big traders like Interna…
Cumberland financing
A $211,000 flow-through share placement by Cumberland Resources (VSE) will fund an exploration program on the company’s Prairie River property near Thunder Bay, Ont. Cumberland can earn a 45% interest…