News

Wawa area survey results released by Ont. ministry

The result of a recently completed airborne geophysical survey covering an area of 4,000 sq km surrounding Wawa, Ont., have been released, Mines Minister Sean Conway said recently. “These are the firs…


Euro-Nevada acquires Marigold interest

Euro-Nevada Mining Corp. has entered into an agreement for the acquisition of a 3% net smelter return on the Marigold mine near Battle Mountain, Nev., fo r $2,187,500 (US), decreasing to 1.75% nsr aft…



Windarra planning major exploration

Windarra Minerals (VSE) reports that its initial private placement with Hemlo Gold Mines (TSE) has been completed. The placement consisted of two million shares at $2 per share, providing $4 million t…


Stan West financing

An $8.5-million debt financing has been completed by Stan West Mining (TSE) which will fund development at the company’s McCabe gold project in Arizona. Placed with Elders Finance Group, an Australia…


Strike at Inco averted, nickel prices still high

In times of prosperity, Inco Ltd. (TSE) has shown that it is prepared to share the spoils with its employees. That became obvious recently when about 6,300 hourly paid Inco workers voted to accept a n…


U.S. uranium tailings plan could end trade dispute

The current uncertainty in the U.S. uranium market could be cleared up soon. Unconfirmed rumors are that the U.S. government is prepared to put up about $1 billion for uranium tailings reclamation wor…


Central Crude play paying off for Noranda

If Richard Nemis was a little overexuberant in his analysis of Central Crude Ltd.’s (VSE) achievements in the Mishibishu, Ont., gold camp, no one at the company’s annual meeting could really have blam…


Investment Comment Sulphurets makes Newhawk a buy

While fears of rising inflation and interest rates means that investment opportunities among Canadian gold stocks have been few and far between, the outlook for the price of gold appears to be good. A…



Musto subsidiary near bankruptcy

A U.S. subsidiary of Musto Explorations (TSE) may have to file for bankruptcy. St. George Mining’s Apex project in Utah has been shut down since Sept 1, 1987, and the company is currently seeking reli…


Redfern flow-through

Redfern Resources (VSE) has agreed to issue 400,000 flow-through shares to NIM Resource — 1988 and Co. Ltd Partnership at a price of 95 cents per share. . T The company has also agreed to offer 35…


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