Equity agreement
Equity Silver Mines of Vancouver reports it has entered into an agreement with Nim and Co., Ltd. Partnership — 1987 under which Equity will obtain up to $5 million in exchange for issuing up to 422,7…
News
Westmin High grade on Debbie bet excites Westmin Res.
The Sicker Group on Vancouver Island has been the subject of some fairly intense exploration in recent years, much of it by Westmin Resources and Nexus Resource Corp. Westmin’s Buttle Lake mining oper…
Goldstake gets cash
A private placement has been completed by Goldstake Explorations which has raised $750,000. The issue of one million common shares with warrants was made to a European group. The proceeds, Goldstake s…
Camindex seeks extra funding
Additional funding is being sought by Camindex Mines for the Valdez Creek Mine gold project in Alaska, in which Camindex has a 51% interest. The company reports it is in arrears with respect to its fu…
Major gold mine Big Missouri, Silbak in production by late ’88
It took nine years and 24 separate deals to consolidate the Big Missouri properties near Stewart, B.C., into a simplified package for Westmin Resources. Over that period, Tournigan Mining Explorations…
Aur eyeing production and big profits in 1988
Debt free and possibly into gold production by spring, 1988. No wonder James Gill, president of Aur Resources, was in an upbeat mood when he recently chaired his company’s annual meeting. The junior e…
Noramex evaluatinng potential heap leach
A potentially viable heap leach situation in Nevada is being evaluated by Noramex Minerals. President Brian D. Fairbank says probable reserves now stand at about 85,000 tons grading 0.074 oz gold, hig…
News in Brief (March 09, 1987)
Terratech Resources says arrangements have been completed to dispose of its remaining interest in Health Development Services. President Hugh Cameron says profit on the transaction will be reflected i…
More holes ‘click’ for North American, Dundee
Diamond drilling continues to meet with encouragement on the Casa Berardi joint venture gold property of North American Rare Metals and Dundee-Palliser Resources in Vezza Twp., 25 miles south of Matag…
Underground program in the cards for alevon
Some high grade gold values have been encountered in an underground drifting program at Levon Resources’ Congress property near Goldbridge, B. C. Assays from a 36-ft section in the Howard vein structu…
Lawsuit still hovers Lac’s drilling delivers at Doyon
The results are in on the second hole of the deep drilling program at the Doyon mine and they carry important tonnage implications for this northwestern Quebec gold mine. Joint venture partners Lac M…
Platinova/ Cominco in U.S. gold play
Platinova Resources, a private company which is a wholly-owned subsidiary of Toronto-listed Black Hawk Mining has entered into an agreement with Cominco American, a wholly-owned subsidiary of Cominco …