News in Brief (April 20, 1987)
Augustus Resources has changed its name to Croesus Resources on a 1-new-for-2-old share basis.
Articles by Northern Miner Staff
Zahavy to buy Getty’s interest in Favourable Lake
Alberta-listed Zahavy Resources has exercised its right of first refusal and has decided to purchase Getty Resources’ 50% interest in the Favourable Lake joint venture property located north of Red La…
Plexus financing (April 20, 1987)
An $11-million equity offering is being planned by Plexus Resources, the company says. The financing will follow upon the completion of contracts being prepared between the company and Kennecott which…
Program growing
The Nickel Development Institute is expanding its engineering workshop program. A numer of workshops were conducted in the southern U.S. during the first half of this month and more are scheduled else…
Break-neck activity keeps market hopping
For the third straight month, records were shattered on the Toronto Stock Exchange making March the all-time top month for both dollar value and share volume traded. Dollar value traded rose to a reco…
Canuc expects royalty income
Canuc Resources expects to start receiving royalty income from its uranium properties near Elliot Lake, Ont., by 1989. Sold to Denison Mines, the Canuc ground hosts drill-indicated reserves of 7-10 mi…
Storimin is set to resume work on Moss Twp. bet
Storimin Exploration says it will resume exploration immediately after breakup on its Moss Twp., Ont. gold prospect, about 70 miles west of Thunder Bay, where a 30,000-ft drill program has been comple…
Batle Mt. plans a Canadian office
Battle Mountain Gold has a problem. With a steady cash flow, healthy profits and no debt, the Houston-based gold producer is trying to decide where best to spend its growing cash reserves. It could be…
Northern Dynasty lists on TSE
The common shares of Northern Dynasty Explorations were posted for trading on the tse on April 10. The company is listed in the mining category with 5,437,500 common shares, of which 5,125,000 shares …
Fast pace at Duport by Cons. Professor
Underground driling will continue at a fast pace at Consolidated Professor Mines’ Duport gold property near Kenora, Ont., reports President G. R. Cunningham-Dunlop. The underground program will includ…
New projects for Glen Auden Res.
The new projects undertaken by Glen Auden Resources this year include: * Ground geophysics are planned on the 51-claim joint venture with Mineta Resources. The property adjoins Rambo Exploration’s pro…
Seabright sits on jewel of east
On the threshhold of crossing that magic line which separates exploration companies from gold producers is Toronto-listed Seabright Resources. This Halifax- based company plans to produce from its Bea…