Atlantic changes name to Dexus
In keeping with its move out of the mining industry and into the iron and steel foundry business, Atlantic Goldfields (COATS) has changed its name to Dexus Inc. To coincide with the name change, Atlan…
News
Platinova President receives debenture
Platinova Resources (TSE), a Toronto-based company which is involved in gold exploration in Greenland, recently completed a private placement agreement with President Robert Gannicott. Under the agree…
Golden Rule set up to reserve fiqure
Calgary-based Golden Rule Resources (TSE) says results from a winter drilling program on its Tower Lake gold project in northern Saskatchewan “will add substantially to the tons and grade of the previ…
B.C. plans to build toll road into Iskut River area
British Columbia Premier Bill Vander Zalm recently announced the go-ahead for a 72-km road to reach the resource-rich Eskay Creek and Iskut River areas in the province’s isolated northwest. In a speec…
Nanisivik ups stake in Highwood Resources
Nanisivik Mines, a wholly owned subsidiary of Mineral Resources International (TSE), recently increased its stake in Highwood Resources (TSE) to 27.3% from 23%. The latter company has interests in a b…
Raising $1 million for memorial fund
In remembrance of the women killed at Ecole Polytechnique in Montreal last December, The 1989 Canadian Engineering Memorial Foundation is trying to raise $1 million for an endowment fund. The money wi…
U.S. tour highlights environmental challenges
Environmental concerns that U.S. mining companies are grappling with today will probably be facing Canadian miners in the future. That prospect prompted the Canadian Institute of Mining and Metallurgy…
Cambior teams up with Golden Star on Guyana project
Edmonton-based Golden Star Resources (ASE) has recently gained Cambior (TSE) as its new joint venture partner on the Omai gold project in Guyana, South America. Golden Star’s previous partner had been…
EDITORIAL PAGE Auction for Eskay long overdue
The greatest surprise about Placer Dome’s recent bid for Stikine Resources is that it has taken so long to come about. Readers of The Northern Miner know only too well that the Eskay Creek project, of…
Court halts seizure of Aquisitor assets
The Superior Court of Quebec has quashed a seizure by a private Toronto company, Hunter & Associates, of assets used by Aquisitor Mines (VSE) and Stabell Resources (ME) on their Dubuisson property nea…
Insider Trading Pezim ups stake in Goldnev Res.
Vancouver promoter Murray Pezim recently moved to tighten his hold on Goldnev Resources (VSE), which has a 50% stake in the Goldstream copper-zinc property, north of Revelstoke, B.C. According to the …
GOLD FUNDS; Galactic tallies record earnings
Earnings reached a record level for Galactic Resources (TSE) in the 1990 first quarter, totalling US$7.51 million compared with US$1.82 million in the previous year’s first quarter. The jump in earnin…