Robex, Aylmer begin exploration of Raymor bet
An exploration campaign has been started up by Robex Resources (ME) and Aylmer Mines on the Lac Arthur property located in Dalquier Twp. in northwestern Quebec. The companies may earn up to a combined…
News
Parquet options Courville bet
An option to earn a 30% interest in the Courville gold property near Val d’Or, Que., has been obtained by Finor Exploration (ME) from Parquet Resources (TSE). The agreement, subject to regulatory appr…
Euro-Nevada set to buy more royalties
With a first quarter cash position of $9.5 million, Euro-Nevada Mining (TSE) considers itself financially equipped to pursue its royalty acquisition strategy. The Toronto-based affiliate of Franco-Nev…
News in Brief (cb)
Pacvest (VSE) is participating in a private placement made by International Interlake Industries (VSE). Pacvest will purchase 150,000 units of International Interlake at $1.25 per unit. Each unit cons…
Belmoral to take short cut in accessing Broulan zones
Broulan Resources (TSE) and partners Belmoral Mines (TSE) and Wrightbar Mines (ME) say they may elect to take a shorter route toward exploration at the old Broulan mine property near Timmins, Ont. In …
Radisson gets good results at Duquesne
Radisson Mining Resources (ME) says it will take a large bulk sample from a former gold producer called the Duquesne property as the next step in a major underground program. Results from a 23,000-ft …
Delbridge option
Delbridge Mines (COATS) has acquired an option of the Railway claims located in Gauthier Twp., Ont. The 9-claim property protects a 1,800-ft gold-bearing zone which is silicified and carbonatized. Ass…
Queries Pamour share offer falls short
As you know, Jimberlana Holdings was directed to purchase all the outstanding shares of Pamour Inc. via Giant Acquisition Corp. This company should be called the “Giant Rip-off Corp.” instead since it…
Letters to the Editor Law plants seed
Re: Your article in the Aug 15 issue, page 4; “A Brush with the Law” regarding criminal charges against Donald McKinnon being dropped. I can give you my honest opinion. The law has planted the seed. I…
News in Briefs
Spirit Lake Explorations (ME) has completed flow-through financing totalling $1.2 million with NIM Resources at a price of $3.93 per share, subject to shareholders approval. These funds will be spent …
Mining industry would help fund acid mine drainage research
A commitment by the Canadian mining industry to help fund a program of environmental research into the long-term management of waste rock and tailings has been announced by the Mining Association of C…
Placer gets Amoco stake in Detour Lake gold mine
Placer Dome Inc. (TSE) has become a wealthier and slightly larger gold producer following the closing of a $5.5 billion acquisition of Placer Dome Petroleum by Amoco Canada Co. When the largest merger…