Nova Beaucage gets $1.1 million financing

A $1.1-million financing has been completed by Nova Beaucage Mines. The cash will be used to fund an expanded underground program on the company’s 35%- owned Elder mine project near Rouyn, Que.

The program, which will include crosscutting, raising and drilling, is designed to prove up five years of operating reserves. If successful, a production decison would be considered for early 1987.

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