Newfields agreement
The terms of an agreement between Newfields Minerals and Breakwater Resources have been settled, the former company says. The deal will see Newfields acquire Breakwater’s control block of 2.4 million …
News
Competing takeover bid for Vestgron Mines shares
The halt in trading in shares of Vestgron Mines on the Toronto Stock Exchange was still in effect at press time while the company deals with what appears to be a bidding war. A competing takeover bid …
Raymor stripping its Amos property
An access road is being completed by Raymor Resources to the company’ s gold property near Amos, Que. Once completed, the road will enable the transport of heavy equipment required for a stripping and…
Letters to the Editor: Flow-through fate
I am writing to express my concern over the headline “Ottawa may scrap flow-through shares,” on the front page of the Sept 29 issue of The Northern Miner. The headline expressed a negative view which …
After absence from mining, Moneta Porcupine is back
Better known as a small oil and gas explorer during the early 1980s, Moneta Porcupine Mines has returned to the business it began with in 1910 — gold mining and exploration. Armed with new management…
Dome drilling on Melrose prospect
Dome Exploration has started drilling on Melrose Resources’ Blackstock Twp. property 30 miles southeast of Timmins. To date about 14,000 ft of drilling has been completed in 17 holes to test magnetic …
Balance sheet woes spark Denison to sell L.O.C.
With a balance sheet hurting from the effects of the tumbling price of oil, Denison Mines is, in the words of one Bay Street analyst, “taking a step in the right direction” towards trying to mend it. …
Pamour buys 50.1% control of Giant Yellowknife, Cons CSA
Pamour Inc. is buying a 50.1% interest in Consolidated CSA Minerals giving it control over a 50% interest in the Bell Creek gold project being developed by Canamax Resources at Timmins, Ont. Meanwhile…
Vancouver Stock Exchange: B.C. election slows market pace
Wednesday close, Oct 22 Election jitters have slowed market activity in Vancouver as voters ch ose between a free enterprise government and a socialist one. By noon, the market was moderately active …
More high grade values at Westmin’s Silbak bet
Westmin Resources has received more encouragement from its Silbak Premier property near Stewart, B.C. Some additional high grade intersections have been reported from the Glory Hole area and all the v…
Montreal Exchange: Massval still active
Wednesday close, Oct 22 Plans to consolidate Massval Mining’s stock on a 3-for-1 basis doesn’t seem to have dampened interest in the rekindled issue. The price for the previously quiet company hasn’…
The common shares and warrants of Cogesco Mining Resources were
trading on The Toronto Stock Exchange at the opening on Oct 17 under the symbol COJ for the common shares and COJ.WT.B for the warrants. The company, whose president is Stuart Lee, has its head office…