Galactic completes private placements
Galactic Resources has raised $13,875,000C through the successful completion of its private placement with a major Canadian financial institution, Robert M. Friedland, chairman, reports. The placement…
News
China key to Tungsten market Cutbacks would help
Supply restrictions by major producers such as China are the only way to improve tungsten prices, yet prices could experience a period of volatility not seen since the early 1970s if such restrictions…
Queries Young-Shannon inactive
I still have 10,000 shares of Young-Shannon Gold Mines held at Hector Chisholm & Co. What chance have they of doing something to get going again? H. A.Kidd, Willowdale, Ont. The chances don’t look ver…
Granges/Windflower results excellent
wo diamond drills now are on the Revelstoke, B.C., property of Windflower Mining, George Zbitnoff, vice-president exploration of Granges Exploration and Gerald Ryzner, P.Eng., president of Windflower,…
Ministry move to Sudbury more than three years away
It would be a minimum of three years before Ontario’s ministry of northern development and mines could complete its planned move of a major part of the ministry to Sudbury, according to the ministry’s…
Imperial Metals an enigma
Companies (like people) are often misunderstood, which is why Imperial Metals describes itself as “somewhat of an enigma” in the junior resource sector. But addressing the annual meeting, President Pi…
Ottawa top uranium producer
Canada continues as the world’s leading producer and exporter of uranium, according to results of the annual assessment of the country’s uranium supply released recently by Marcel Masse, minister of e…
Exall Resources
company’s six directors this week in Toronto. In the 3-month period ended July 31, the company, which is controlled by Denison Mines and Roman Corp., both of Toronto reported a net loss of $38,233 or …
Giant Bay president vows to promote bioleaching
Under newly-appointed president and director Claus Jensen, Giant Bay Resources has started a campaign to, in Mr. Jensen’s words, “promote bioleaching like hell.” Mr Jensen appeared before a group of a…
Ottawa may scrap flow-through shares
Members of Quebec’s mining community are biting their nails over the uncertain future of flow-through share financing for mineral exploration. Next spring, the popular tax shelter may be scrapped at t…
Ayrex, Bresea seek financing for $2m. program
Ayrex Resources reports the first phase of a 1986/87 winter program has started on its property in Desmazures and Cavalier twps., in the Casa Berardi gold camp, about 20 miles northeast of Joutel, Que…
Stockmen completes Ungava exploration
A preliminary surface exploration program has been completed by Stockmen Energy on the company’s 80,000-acre permit block in the Ungav a area in northern Quebec. Held in 50% joint venture with Delawar…