Drilling continues at Normetal bet
Drilling continues at the Normetal property of Normetal Mining Exploration in northwestern Quebec, where results from two holes have been made available. Hole 87-18, over a true width of 22.1 ft, retu…
News
Minnova plans major drilling
Another 33,000 ft of drilling is planned by Minnova Inc. on its Samatosum property in the Kamloops area of B.C. The program is under way and three drills are being utilized. One of the rigs is drillin…
Petromet, bids to increase Fifteen Mile bet reserves
In a bid to increase reserves at Pan East Resources’ Fifteen Mile Stream property in Nova Scotia, Greenstrike Gold Corp. and Petromet Resources have expanded their evaluation program at the property. …
Editorial Lac will try a final appeal
“It’s just a tremendous victory” boomed an elated Murray Pezim, whose very name is synonymous with Corona and Hemlo, on learning that Ontario’s Court of Appeal had unanimously rejected an appeal by La…
Pezim hails Hemlo trial with swarm of releases
Shortly after it was announced that International Corona Resources had won control of the Page- Williams gold mine at Hemlo, Ont. (see separate story, page 1), a swarm of news releases flew out of 155…
Goldteck offering raises $6,105,000
Gross proceeds from a recently completed public offering of 1.35 million class A units and 2 million class B units were $6,105,000, Goldteck Mines reports. Each class A unit consists of one 1987 depos…
Pamour group heating up gold excitement in Timmins
Miners have been pulling gold ore out of the ground here for more than 75 years. But the excitement of finding new gold orebodies has never been stronger than it is today — thanks largely to the Pamo…
Mining industry backs spirit of free trade deal
While the terms of the new Canada, U.S. Free Trade agreement are still shrouded in generalities, a number of top mining officials were expressing guarded optimism regarding its effect on the industry….
First gold is poured at Black Swan mine
Gold has been poured at Black Swan Gold Mines’ Gabanintha project in Western Australia. The $12-million(A) development is expected to produce about 40,000 oz gold per year, 25% of which will go to Bla…
Northfield bets heavily on Kirkland West claims
Northfield Capital Corp. of Toronto and a private company called Canadian Ore Mining are about to take a $50-million gamble which they assume is a safe bet. In signing a letter of intent to earn a 50%…
New financing for Wrightbar
A new flow-through financing worth $4 million has been arranged by Wrightbar Mines, with Imex 1987 Ltd. Partnership, for exploration work on the company’s Bourlamaque property in northwestern Quebec. …
People (October 05, 1987)
Moneta Porcupine Mines — Dennis MacLeod has been appointed to the board of directors.