Breakwater to sell 1.2 milion shares
Breakwater Resources has agreed to sell 1.2 million of its shares to Loewen Ondaatje McCutcheon and Company of Vancouver to raise $7.92 million. These funds will be used to pay Cannon mine capital cos…
News
Tonnage figures expected on Gordex heap leach mine
With assay results in for 35 holes and an additional 45 holes still to be drilled and/or assayed on its Cape Spencer gold mine northeast of Saint John, N.B., Gordex Minerals, Canada’s first heap leach…
Exploration progresses on Terramar’s Reid mine
The first phase of exploration at the Reid Mine project near Redding, Calif., has been completed by Terramar Resource Corp. The underground workings at this former producing gold mine have been dewate…
Dome completes Melrose drilling
Dome Mines has completed a 21,444-ft diamond drilling program on a claim group held by Melrose Resources in Blackstock Twp., Ont. Located 30 miles southeast of Timmins, the claims cover ground on whic…
Interquest/Stan West drilling in Arizona
A 10,000-ft diamond drill program is under way on the Belcher property in the Big Bug mining district of Arizona by Interquest Resources and Stan West Mining Corp. So far, 10 diamond drill holes have …
Montreal Exchange — Goldex takes off
With underground drilling just under way, Goldex Mines’ share price took off in anticipation of what that drilling will reveal on the company’s Val d’Or property. Goldex gained $1.13 on the week to cl…
Prospectors’ course
British Columbia’s Ministry of Energy, Mines and Petroleum Resources will be sponsoring its annual Mineral Exploration Course for Prospectors again this spring. The course runs from April 23 to May 9 …
Automation soon VSE improves its image
In today’s intensely competitive global economy automation has become synonymous with survival not only for industry but for stock markets as well. Determined to maintain its pre-eminence as North Ame…
Letter to the editor Seeks Red Lake information
I am endeavoring to locate the daughter of the late mining pioneer, Horace G. Young, (1881- 1966). I believe she is Mrs Wilhelmina Charlton, last known living in Calgary, Alta. I represent the Red Lak…
Letter to editor President Reagan a victim?
Congratulations on your editorial on Canada-U.S. relations Jan 12. Do not be so hard on Reagan. He is only a wacky-minded ham actor at best. Well-heeled conservative business people spent billions to …
Pundata acquires Nevada properties
A large block of ground consisting of 267 claims has been acquired by Pundata Gold Corp. in Nevada. Located 30 miles southwest of Las Vegas, the property covers several old workings which focused on c…
Seabright Resources private placement
A private placement by way of an offering memorandum has been announced by Seabright Resources. The private placement consists of a minimum of 100 units and a maximum of 600 units with a minimum subsc…