Louvicourt, Ronrico nearing new gold zone
Louvicourt Gold Mines says drifting to access a newly-discovered gold zone is set to begin on its Louvicourt property near Val d’Or, Que. The workings of the former producer have been dewatered to the…
News
Mazarin, Cogema conclude deal
An agreement has been finalized between Mazarin Inc. (TSE) and Cogema Canada whereby the latter may earn a 50% interest in the Mazarin property located north of Amos in northwestern Quebec. To earn it…
Royex group raises exploration funding
The Royex group of companies has arranged private placements of flow-through shares worth up to a total of $17.25 million for five associated companies which are all listed on the TSE: Royex Gold Mini…
Future federalfunds for research in doubt
The federal government is still undecided on whether to begin discussions to renew the popular Mineral Development Agreements (MDAs) with eight mineral-producing provinces. The agreements were the mai…
Editorial Revising Ontario’s Mining Act
The Ontario Mining Act has been a remarkably resilient piece of legislation. Dating back to 1896, it has governed how the mineral riches of the province are staked, claimed and eventually exploited by…
Sonora first quarter best output to date
The first quarter of 1988 resulted in the best production to date from Sonora Gold Corp.s (TSE) 78%- owned Jamestown mine. In total some 526,000 tons of gold ore were processed to yield a net quarterl…
Silbak, Pioneer merger
The effective date for the amalgamation of Silbak Premier Mines (VSE) and Pioneer Metals Corp. (TSE) was set for May 11, with the amalgamated company trading as Pioneer Metals Corp. on both the Vancou…
Lyon Lake assets
Assets of Lyon Lake Mines (ME) stood at $2.5 million at the end of 1987, with liquid assets totalling $700,000, the company reports. During 1987, the company completed two public financings worth a co…
INSIDER TRADES (May 30, 1988)
Amer Barrick — A. Hill sold 1,400 to hold 5,800. Battle Mountain — R. Howe sold 15,879 class A shares to hold 11,135. Canamax — Amax Gold (Can) bought 15,400 to hold 6,980,657. Carolin — J. Berns …
Minnova hits gold values in northwest Ont. project
A first-phase exploration program has been conducted by Minnova Inc. (TSE) on three properties held under various option agreements with Celebrity Energy (VSE). Seven holes were recently completed on …
News in Brief (May 30, 1988)
Lenora Explorations (TSE) has entered into an agreement with CMP 1988 II Resource Partnership and Co. Ltd. to spend $500,000 in Canadian exploration expenses prior to Feb 28, 1989. In this regard, 576…
Golden Knight deal with Plexus Res.
Golden Knight Resources (TSE) has taken down a $3-million private placement in Plexus Resources (TSE). The deal makes Golden Knight, controlled by Teck Corp (TSE), the largest single shareholder with …