Management group controls 71.5% of Corona votes
Five shareholders of Corona Corp. (TSE) have entered into a written agreement in respect of the election of directors of the company and a right of first refusal on the sale of Corona B common shares….
News
Photo by George Onuska (March 13, 1989)
Maurice Brown, right, publisher emeritus of The Northern Miner, was presented with a distinguished service award by the Prospectors and Developers Association of Canada at the association’s annual ban…
Gamsan intersects deep sulphide zone
A recently completed deep drill hole on Gamsan Resources’ Brabant Lake property in northern Saskatchewan has intersected significant sulphide mineralization. Hole 88-11, drilled to a depth of more tha…
Oneida Res. options Arizona gold claims
An Arizona precious metals property has been acquired recently by Oneida Resources (VSE). .T The property, known as the Mexican Hat project, is located in Cochise Cty., Ariz., about 80 miles southe…
Toronto Stock Exchange Firming golds and base metals move indices
A round of buying has pushed the composite index back over the 3600-pt mark. Today’s trading saw 11.67 pts added to the index which closed at 3632.42 pts on volume of 24.9 million shares. The week lon…
Ego has Asquith Twp drill results
Additional results have been reported by Ego Resources (TSE) and Asquith Resources (COATS) from recent drilling on their Asquith Twp. property in the Shining Tree area of northern Ontario. Highlights …
Cominco plans drilling for Arizona bet
An exploration program operated by Cominco American Resources has begun on the Bullard claims in Yavapai Cty., Ariz. According to Cominco American, a subsidiary of Cominco Ltd. (TSE), the gold prospec…
Hemlo, Central results
Another 10 deep drill holes have been completed on the Eagle River gold property owned by partners Central Crude Ltd (VSE) and Hemlo Gold Mines (TSE). Located in the Mishibishu Lake area, 30 miles wes…
Letter to the Editor McFinley president has shareholders’ interest
Your article on McFinley Red Lake Mines (N.M., Feb 20/89) is very unfair to W.W. Cummins. The article did not present all the facts. I can say without hesitation that Mr. Cummins, as president has gui…
Dejour/Noble net low gold recoveries
Initial metallurgical testing on drill core from the Turquetil gold property in the Northwest Territories, has yielded low gold recoveries, partners Dejour Mines (TSE) and Noble Peak Resources (ASE) s…
CIM-NB gives grant to school
Officers of the New Brunswick Branch of CIM met recently with students and teachers at Fredericton High School to present a grant to the school’s geological studies program. Seen here, John Stirling, …
Noramco Mining tallies massive loss
The loss tallied $61,394,000 by Noramco Mining (TSE) for the first nine months of its current fiscal year testifies to a succession of exploration and development disappointments compounded by the clo…