Always interested in natural resources and one who served with the Ontario government for 56 years in various senior mining posts — including 16 years as Mining Commissioner — J. Forbes McFarland di…
The $15 million Belmoral Mines will spend on exploration in 1987 is about evenly divided between its Val d’Or and Timmins camps. The strategic exploration plan calls for the company to solidify existi…
A $540,000 flow-through share financing has been completed by Sunmist Energy. An additional $600,000 is being negotiated, which if raised, will provide a total of $1.1 million for exploration of the c…
A recent policy decision by the federal government states an intention to reduce R&D spending on mining- related projects. This means mining companies will be forced to finance the lion’s share of any…
Arriving at a fair value for a mineral property depends very much on how you perceive the risks. Mining companies, large and small, frequently seek outside financing of new mineral properties and they…
Beaver Dam, a gold-bearing quartz vein system within sedimentary rocks of the Meguma Group, 82 km north east of Halifax, N.S., contains proven and possible ore reserves of 2.7 million tonnes grading 9…
A private placement for McFinley Red Lake Mines of 600,000 shares worth $1.8 million for construction of a milling plant and to provide working capital has been completed, Kleinwort Grieveson Securiti…
Toronto-listed Camreco Inc. has entered into an exploration agreement with MVP Exploration (1987) and Co. Ltd. Partnership and Deliberations Management (1987) Ltd. pursuant to which the Limited Partne…
A $150,000 diamond drilling program is under way on the Lac des Iles platinum property controlled by Cream Silver Mines. The Lac des Iles area is located north of Thunder Bay, Ont. A large tonnage low…
Physicists north and south of the border are wondering who will produce the most significant experiment in the next decade in their field of science. Physicists in the U.S. are debating where to build…
Selco, the mining and minerals division of bp Canada, maintains an aggressive grassroots exploration program across Canada. Under the direction of Dr Christopher Jennings, vice-president exploration a…
In 1987 Esso Minerals Canada will spend about $7.5 million on gold and polymetallic massive sulphide exploration throughout Canada. Roughly 70% will be spent in Ontario, Quebec and the Atlantic region…
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