Dophin successful in Newfoundland
A successful drill program for gold zone extensions on its Cape Ray project on the south coast of Newfoundland has been completed by Dolphin Explorations. The two most significant intersections in the…
News
Mining Recorder, claims inspectors in northern Ontario
Three new appointments to deal with the increasing volume of claims and claims inspection work in the Timmins-Kirkland Lake area of Ontario, have been made by the province’s Ministry of Northern Devel…
Beaufield drilling cuts mineralization
Gold mineralization has been intersected by diamond drilling on the Douay Twp., Que., property controlled by Beaufield Resources. Located east of Joutel, the property covers a geological sequence know…
Investment Comment Overlooked Hycroft Resources offers capital
Amidst the plethora of new up-and-coming heap leach situations, Hycroft Resources and Development Corp. appears to have been overlooked. Considering the production and earnings projected for 1988, its…
Power cuts gold values on 3 Pickle Lake-area properties
Power Exploration has obtained some encouraging gold assays on properties adjacent to two of northwestern Ontario’s significant recent gold discoveries. In the Pickle Lake area two new gold zones have…
Report from Calgary Cash flow down for Comaplex
Comaplex Resources International reports reductions in sales, cash flow and net profits for the first nine months of 1986 compared with the same period in 1985. Although revenue from the minerals divi…
Tashota Nipigon, Quinteko invest in McWatters bet
McAdam Resources has invited Tashota Nipigon Mines and Quinteko Resources to each earn a 25% interest in McAdam’s right to earn a 100% interest in the McWatters gold property in northwestern Quebec. B…
Golden Star’s Omai optioned by Placer
A joint venture proposal, made by Placer Development, has been accepted by Golden Star Resources, the company says. Golden Star controls the Omai gold deposit in Guyana, South America. The Placer deal…
Teeshin Resources arranges funding
Further funding has been arranged by Teeshin Resources for exploration work at its Dome Mountain gold-silver project near Smithers, B.C., reports its president, Stafford Kelley. The company has a comm…
Imco, Sigma Mines joint venture in northwestern Que.
A joint venture agreement to explore and develop 4,396 acres in Maizerets Twp., in northwestern Quebec has been entered by Imco Resources and Sigma Mines (Quebec). Under the terms of the agreement, Si…
MacMillan, Granges find gold values west of gold zone
Gold-bearing mineralization has been discovered in two anomaly- testing diamond drill holes located 4,500 ft west of a gold zone being developed at the Granges Exploration and MacMillan Energy Corp.’s…
Raise $100,000
Spirit Lake Explorations has raised $100,000 through the private placement of 58,825 shares at a price of $1.70 per share. There are warrants with this stock to purchase an equal number of shares at $…