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…
1986
Newmont high grade results on Golden Shield property
Several high grade gold showings have been discovered by Newmont Exploration of Canada during field work on ground optioned from Golden Shield Resources. Located in Hoblitzell Twp., Ont., the property…
Raleigh Energy buys interest in Powder Metals
Copper powder is a fast-growing specialty market which has attracted Vancouver- based Raleigh Energy. The company recently acquired approximately 40% of Powder Metals Australia which has a number of g…
Inco to open its Crean Hill mine
An additional capital expenditure of $40 million will be made by Inco Ltd. at its Sudbury, Ont., nickel mining operations. Over a 2-year period, the world’s largest nickel miner plans to spend $25 mil…
Lakeshore Minerals acquires properties
Lakeshore Minerals has acquired four mineral prospects. These include 22 claims in Notman Twp., and 8 claims in Chelsey Twp., Ont. The purchase price was $4,200 and 400,000 of the company’s common sha…
Teck takes option on Fleck’s platinum bet
In a move that could bring its Marathon, Ont., platinum group metals (PGM) deposit to a production decision as early as late next year, Fleck Resources has signed a letter of intent with Teck Corp. in…
Drilling confirms Minefinders’ zone (September 29, 1986)
Initial drilling on Minefinders Corp.’s Eqst Group property in northwestern Quebec’s Dubuisson Twp. has confirmed the presence of a major gold-bearing shear zone with values ranging up to 0.24 oz gold…
Toronto Stock Exchange Market pulls out of tailspin to fly above 3,
Wednesday close, Sept 24 The market managed to regain some lost ground afterlast week’s tailspin to below the 3,000 pt level. Today with over 18 million shares changing hands, the widely followed com…
Flow-through offer made by augmitto
Augmitto Explorations has received final receipt from the Quebec Securities Commission for a prospectus offering in Quebec. If completed, the offering will raise a minimum of $2.5 million and a maximu…
Klondex starts development on Nevada property
Klondex Mines has completed an arrangement for an immediate drilling and development program on its Fire Creek heap leach gold project in Nevada, a joint venture with Alma American Mining Corp. Two pr…
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…