Second drill due on Julbey gold bet
Jilbey Industries says diamond drilling and other work, including an IP survey, is under way on its 16-claim property in Duverny Twp. near Amos, Que., with Bay Resources and Services as operator. Jilb…
Articles by Northern Miner Staff
Sunrise acquires claims at Pickle Lk. and near Seabright
Sunrise Metals has acquired a block of mineral leases, subject to a 3% royalty and cash option payments, adjacent to Seabright Resources’ Beaverdam gold discovery in Nova Scotia. Sunrise has also acqu…
Tundra raises $2.6 million for underground work at Lamaque
Tundra Gold Mines has reached an agreement with NIM and Co. Limited Partnership — 1987 which will provide Tundra with $2.6 million. The cash will be provided on a flow-through share basis. Tundra wil…
Auction of shares set for Montreal
An auction of collectible stock certificates will be held on Feb 18 in Montreal. Organized by Micheline Masse, president of Stock Market Information Service, the auction will include many old and valu…
Investors break records with vengence on the TSE
Records were broken with a vengeance on the Toronto Stock Exchange with investors trading a greater dollar value and a greater volume of shares in 1986 than ever before. Dollar value traded rose to $6…
BP Canada Inc. raising funds for capital use
BP Canada Inc. has filed a preliminary prospectus for an offering in Canada of 3,000,000 common shares at a price of $36.625 per share. The underwriters for the issue are Wood Gundy Inc. and McLeod Yo…
Canper drilling in Larder Lake LD
A 4,200-ft drilling program is continuing at Canper Resources’ Katrine-Ossian Twp. gold property in the Larder Lake area of northeastern Ontario, known formerly as the Walsh-Katrine mine. To date, gol…
Perrex to probe three properties
Perrex Resources plans to spend $475,000 on exploration of the company’s 103-claim property in Harker and Elliott twps., Ont. Located north of Kirkland Lake, Ont., the properties cover structures beli…
Toronto Stock Exchange TSE short positions
Semi-monthly report as of Dec 15 showed 15,239,477 shares of 626 issues compared with 15,703,337 shares of 632 issues on Nov 30. Larger individual positions include: Amer. Barrick 33,500; Asamera 82,6…
Lakeshore placement
Lakeshore Minerals says it recently completed a private placement of 100,000 units, each unit consisting of three Lakeshore common shares and one warrant good to purchase a single common share for $1,…
Cons. Five Star acquires Chaffinch
Consolidated Five Star Resources says it has acquired all of the outstanding shares of Chaffinch Ltd., a private corporation, for a total consideration of $10,750,000. Five Star says included in the a…
Masst B.C. bet
Further drill results have been reported by Masst Resources on its mineral claims in the Quesnel mining division of British Columbia. The company, which last week reported two holes with intersections…