Troymin reports property results (May 09, 1988)
Reporting encouraging drilling results from properties in Saskatchewan and Manitoba is Troymin Resources (ASE). At La Ronge, where Saskatchewan Mining Development is the operator, 13 holes representin…
News
Editorial A poor substitute
If there were any doubts about the success of the mineral exploration industry’s attempts to make the continuation of flow- through financing a political issue, they were laid to rest when the federal…
News in Brief (May 09, 1988)
MSV Resources Inc. (ME) has sold its holding of 1,492,500 shares in Canacord Resources Inc. (TSE) to Prime Capital Corp. The sale represent 10% of Canacord’s issued and outstanding shares.
Minefinders Corp. completes financing
A private placement of 100,000 shares of capital stock at a price of $1.50 has been completed by Minefinders Corp. (VSE) with Fordel Holdings. The placement is part of a $450,000 financing arranged by…
Corrections (May 09, 1988)
Incorrect drill results were published in the story “Initial results in from Goldcap bet” (N.M., April 18/88). The correct results of a program on the Tas gold property, funded by Goldcap Inc. (ASE) a…
Goldbrae encouraged by results
Drilling will resume this month on the polymetallic Big Island Lake project near Flin Flon, Man., Goldbrae Developments (VSE) reports. The company says 19,000 ft of drilling has been completed to date…
Lower demand, prices seen for copper
There’s no doubt the price of copper, which topped $1.40(US) per lb at the end of 1987 but has settled back into the 90 cents -$1.10 range of late, has spurred mining activity of the base metal. Figur…
Placer Dome buys Eastfield shares
A private placement agreement between Eastfield Resources (VSE) and Placer Dome (TSE) gives the latter the right to acquire up to 40% of the outstanding shares of Eastfield. Subject to regulatory appr…
Old shaft gives access at depth to Newfields-Teck
Use of an old mine shaft is giving Newfields Minerals (TSE) and Teck Corp. (TSE) an exploration head start in the Kirkland Lake area of northern Ontario. The old Lake Shore No 5 shaft will give the co…
Ronrico earns 25% interest in Sikmar bet
A 25% interest has been earned by Ronrico Explorations (VSE) in the Simkar gold project near Val d’Or, Que. An agreement between Ronrico and Fonteneau Resources required the former to spend $2 million…
Ketza ups Yukon gold output
Steeped in the folklore of the Klondike and the great gold rush of 1896, the Yukon Territory is once again making a significant contribution to Canada’s cumulative gold output. But this time the produ…
MSV buys shares in Nova-Cogesco
Recently increasing its interest in Nova-Cogesco Resources (TSE) to about 25%, on a fully diluted basis, was MSV Resources (ME). The latter is buying 690,000 shares of Nova-Cogesco at $1.75 per share,…