Bitech, Greenstone reach agreement
Bitech Energy Resources and Greenstone Resources have signed a letter of agreement whereby Bitech can earn half of Greenstone’s undivided 75% interest in the Tache property located in McKenzie Twp. in…
1987
Nor-Acme Royalties
A $5.8-million plant is to be built to treat the 260,000 tons of arsenical gold concentrates stockpiled at the Snow Lake property of Nor- Acme Gold Mines in Manitoba. These grade 0.324 oz gold per ton…
Toronto Stock Exchange Trading still lively after all these weeks
Well into the third month of the new year and still the pace of trading has not slackened. If anything it’s becoming even more hair- raising with records being shattered right left and centre. The com…
Western results excite Teeshin
Favorable gold and silver drilling results have been reported by Teeshin Resources for its Dome Mountain project near Smithers, B.C. In Boulder zone one, the average grade of gold indicated was 0.44 o…
Mine rescue vehicles
Ontario’s ministry of northern development and mines is buying six mine rescue vehicles from a Timmins manufacturer, to augment the arsenal of six mine rescue stations across the province. The vehicle…
Montreal Exchange Sphinx issues active
Trading of Exploration Sphinx “A” shares, which have been active for the past weeks, received another boost this past week with the release of bulk sample results from the Duvay property located north…
Sigma has 10-year life after reserves change
Having already completed new ore reserve calculations at Campbell Red Lake Mines, (N.M., Jan 26/87), the Dome Mines group reports a reserve recalculation has also been done for Sigma Mines (Quebec). T…
Tournigan financing
Tournigan Mining Explorations plans to raise net proceeds of $500,000 from a private placement which the company says will be added to its general working capital. As the company’s agent, Deacon, Morg…
Eastmain on TSE
A private company recently “gone public,” Eastmain Resources Inc. had its shares listed on the Toronto Stock Exchange this week. This company has been carrying out an ambitious exploration program for…
Editorial Throwing out the baby with the bathwater
The following guest editorial on the vital subject of flow-through financing was written by John Playfair and Barry Dent, tax partners at Clarkson, Gordon, Toronto, and authors of a regular tax column…
Noranda Exploration to start work on Capricorn bet
Noranda Exploration plans to start work shortly on the Capricorn gold property at Rouyn, Que., following the lifting in late February of a court injunction preventing any work from being conducted. No…
Vancouver Stock Exchange Trading heaviest in years
While the market momentum has slowed somewhat, trading activity here is still the heaviest in years. Investors have started to take profits but the general market trend continues to be bullish, and wi…