The new Corona
The new Corona Corp. (TSE), an amalgamation of five Royex group companies, officially came into existence July 1. Shareholders voted their approval June 3 of the amalagamation of Royex Gold Mining, In…
Articles by Northern Miner Staff
Ontario to limit applications for IMEP funding
Ontario plans to limit applications to its Ontario Mineral Exploration Program (OMEP), in the wake of the federal government’s new Canadian Exploration Incentives Program (CEIP). The province’s minist…
Editorial A good basis for investment
Remember Erik Nielsen? His was a long career as the Progressive Conservative member for the Yukon, but perhaps his greatest legacy was an ambitious review of all federal funding programs, even though …
Alberta Stock Exchange Suffolk bucks trend
With the price of gold hovering in the $438(US) range, Alberta investors opted to take a post-Canada Day vacation from the business of dabbling in resource stocks. As a result, volumes lagged and a nu…
Montreal Exchange Market moves ahead
A second consecutive holiday- shortened trading week seems to have been to the liking of investors on the ME, where the market portfolio and mining and minerals index recorded gains of about 18 pts an…
Aster merger
Shareholders of Aster Exploration (ME) and Eastmin Explorations have approved a merger of the two companies. Name of the new corporation is Aster Exploration. The share exchange ratio will be two East…
D’Or Val/Perron amalgamation gets board approval
The boards of directors of two Hughes-Lang firms, D’Or Val Mines (TSE) and Perron Gold Mines (ME), have approved a plan of amalgamation for the companies. Name of the new corporate entity has not been…
Borealis ends fiscal year with $16 million in bank
Still without an ounce of mineral production to its credit, Arctic explorer Borealis Explorations completed its financial year with over $16 million in cash and securities. Deferred exploratory and de…
Montreal Exchange adds 3 listings
Three resource-related companies — Aurtec Mining Development (symbol AUD), Equity Reserve (symbol EQR) and Orbite Exploration (symbol ORT) — were recently listed for trading on the Montreal Exchange…
Dickenson acquires Goldquest shares
Dickenson Mines (TSE) has completed the acquisition of Cambior Inc.’s (TSE) 34% interest in the Arthur W. White mine located near Red Lake, Ont., for $52 million, subject to adjustments for working ca…
Drilling resumes at Eastmain
Diamond drilling has been resumed on Eastmain Resources’ (TSE) joint venture projects with partners Westmin Resources (TSE) and MSV Resources (ME) in the Eastmain River area of northwestern Quebec. Th…
Grants to Laurentian
Government grants totalling $49,700 will be used by Laurentian University at Sudbury, Ont., to examine and report on the current status of research in remote sensing and its potential application to m…