Articles by Northern Miner Staff

Funding settled

Marshall Minerals of Newmarket, Ont., and First Exploration Fund 1987 and Co., Ltd. Partnership have concluded a series of agreements whereby First Exploration will provide up to $20.6 million in flow…


Major talc deposit found in Quebec’s eastern twps.

Asbestos miners in Thetford Mines may soon have a new mine in their unemployment-stricken area of Quebec’s eastern townships. Carey Canada Inc., which shut down its asbestos mine in the area, has disc…


Jascan scoops Colorado bet

Another big U.S. company, U.S. Borax & Chemical Corp., has decided to get out of the mining business. In a deal scheduled to be closed this month, Jascan Resources Inc., a Toronto-based junior, has ag…



COATS Trading Features (March 16, 1987)

Seaway Base Metals, which had its “cease and desist” order lifted by the Ontario Securities Commission, began trading Monday and closed the week at 40-45 cents on a volume of 61,100 shares. National …


News in briefs (March 16, 1987)

Morrison Petroleums has declared a stock dividend of one common share of Morrison Minerals for each common share held, payable Mar 23 to shareholders of record Mar 20.




Novamin targets $8m. for Ontario/Quebec bets

Following the completion this month of a $12.4-million share offering by Novamin Inc., the mineral explorer will be essentially debt free and busy with an $8-million exploration program. A large part …


Ottawa keeps the lid on future of flow-through

Many of the roughly 2,000 delegates came to last week’s Prospectors and Developers convention seeking relief from their fear that flow-through share funding for mineral exploration is doomed. They had…


Deep results at Consolidated Professor

Consolidated Professor Mines reports early results from drilling at its Duport gold property at Shoal Lake, Ont., include some “excellent” intersections from deep surface holes. The holes, the company…


Augmitto anticipates 3m. tons at 0.16-oz gold

A $3-million private placement of shares and warrants with institutional investors in Europe will fund the final push at Augmitto Explorations’ gold property located five miles south of here. Arranged…


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