Royal Crest loss
Toronto-based Royal Crest Resources (COATS) continues to lose money as it enters the second half of 1990. For the nine months ended May 31, Royal Crest reported a net loss of $4,202 compared with a lo…
News
Lyon raises financing for Costa Rican bet
A recent issue of $675,000 worth of flow-through financing will allow Lyon Lake Mines (ME) to proceed to the feasibility stage on the Beta Vargas gold deposit in Costa Rica. Lyon Lake can earn a 50% i…
PEOPLE PAMOUR INC.
Robert Needham appointed president and chief executive officer of Pamour Inc., Giant Yellowknife Mines, Pamorex Minerals, Mate Yellowknife Gold Mines, Akaitcho Yellowknife Gold Mines and ERG Resources…
Iskut J.V. drilling north of Snip
The initial phase of drilling on the Iskut Joint Venture Project has been completed. The project is an equal joint venture between Prime Resources Group (VSE), American Ore (VSE) and Golden Band Resou…
Goldfunds (August 13, 1990)
MVP BGR Central Capital Net value $11.14 $5.74 $0.33 Price $ 9.625 $6.000 $0.19 Discount %13.60% %4.5% 42.4% Value $66,345,177 $100,945,800 N/A…
La Sarre Mining arranges financing
A flow-through share financing worth $600,000 is being finalized by La Sarre Mining Exploration (ME) with Valeurs Mobilieres S.M.C. of Quebec. The proceeds will be used to finance an exploration progr…
Flagship steers away from mining sector
Unable to turn a profit in the mineral exploration sector, Flagship Resources (COATS) has joined an ever growing number of over-the-counter companies to abandon their mining interests. Flagship is neg…
Princeton surveys potential for Similco reserve expansion
When a predecessor company to Princeton Mining (TSE) acquired the Similco open pit copper mine near this picturesque community in June, 1988, it was with a view to provide a much- needed diversificati…
Hydra entitled to royalty on Nighthawk
As part of a revised agreement with Pamorex Minerals (TSE), Hydra Explorations (TSE) will relinquish all title to the NightHawk Lake property near Timmins, Ont., in exchange for $45,000 and a royalty …
Letter to the editor Health tips given to geologists
Canadian geologists are called upon to travel the world for employers. A few years ago you published an article concerning the need to use an air filter when exploring adits and caves in tropical coun…
Menika to test IP anomaly
A diamond drill program is being planned by Menika Mining (VSE) for its recently acquired Kamrose property on the south side of Iron Mask Batholith near Kamloops, B.C. The work program will test a por…
Letter to the editor Touting the Rossland mines
I have been an ardent reader of The Northern Miner since 1933, the days of Sidney Norman. I enjoyed the 75th anniversary issue very much, but was disappointed in your reference to the Consolidated Min…