Sea Gold funding
Consolidated Sea Gold Corp. reports that subject to regulatory approval, it has arranged a financing with ManKay Investments X Ltd. Partnership for $388,000 to be used for exploration work on Sea Gold…
News
Canuc, Orofino joint venture to explore Coronation project
Canuc Resources and Orofino Resources have concluded a joint venture agreement to explore Canuc’s Coronation Gulf gold property in Northwest Territories. Under the agreement, Orofino can earn a 70% jo…
Blackbird, Galveston deal sign of peace with Pezim
Blackbird Resources, a private company controlled by Ned Goodman, Peter Steen, Timothy Hoare and several other directors of Royex Gold Mining Corp and International Corona Resources, has completed a d…
Construction starts at Cheni project
On site construction work is under way at Cheni Gold Mines’ Toodoggone area gold project north of Smithers, B.C. The company has successfully completed its $38.1-million public offering and signed the…
Royal Oak focusing on Maylac project
A net loss of $606,922 has been recorded by Calgary-based Royal Oak Resources for the 6-month period July 1-Dec 31, 1986. The company, which is changing its fiscal year to correspond to the calendar y…
Go-ahead is given for new gold mine in northern Ontario
The go-ahead has been given for Ontario’s latest gold mine. At presstime, Dome Mines President Henry Brehaut told The Northern Miner that the Dona Lake orebody in the Pickle Lake area of the province,…
Letters to the Editor Industry makes progress in safety
The Ontario Mining Association agrees with the heading of your editorial, “Mine deaths must be cut,” in the June 8 issue. Our members are trying to do that. The fact is that our efforts in job hazards…
COATS Trading Features (June 29, 1987)
News that Kidd Creek Mines plans to resume drilling on claims held by Chance Mining & Exploration helped the issue. Chance was a touch better at 70 cents -80 cents . Kidd plans to drill six holes star…
Rea Gold reveals net smelter deal
Vancouver-based Rea Gold has entered into an agreement to buy a 15% net smelter return on the multi-mineral Discovery zone at its wholly-owned Adams Lake property from Allan Hilton of Kamloops, B.C. U…
Noranda options Hilltop gold bet
A VSE and TSE-listed junior company, based in Vancouver, U.S. Precious Meals Inc, has entered into an agreement with the exploration arm of Noranda Inc. In the agreement Noranda Exploration can earn a…
Heap leach bets high on Cominco’s list
With $40 million in its treasury from a recent equity offering, Cominco Resources International is preparing to initiate work on 50 international mineral properties. Exploration work at Cominco’s Buck…
Kidd to resume drilling on Chance claims in July
Drilling on the Timmins, Ont., area property which Kidd Creek Mines holds under option from Chance Mining and Exploration is scheduled to resume in late July. The $350,000 program will consist of dril…