J.A.G. reports new gold zone at Malartic bet
The latest drilling campaign of J.A.G Mines is under way on the Malartic property in northwestern Quebec and core logging has already indicated interesting results, the company reports. A new gold zon…
1987
Breakwater financing
Breakwater Resources plans to raise $2 million via a private placement of flow-through common shares. The issue will be handled by Canarim Investment Corp. The proceeds of the issue will fund explorat…
Grand Teton expects to produce in 1988
Vancouver-listed Grand Teton Industries fully intends to be producing gold by this time next year. The company can earn a 50% interest in the Adelaide Crown property in Humboldt Cty, Nev. But first, t…
Quartz Mtn. placement raises $1 million
Vancouver-listed Quartz Mountain Gold has completed a private placement with four European institutional investors for 1 million units at $5.625 per unit, the company said recently. Quartz said procee…
People (November 16, 1987)
Talisman Mines — has announced its new board of directors, effective Oct 22, comprising Fred Ellerginton, John F. T. Gravely, Victor Huggard, Fred Munger and G. W. Siddall. Edward F. Carr resigned as…
Exploration companies spending $100 million in Nova Scotia
He’s not the only one, but John Dawe of Green Harbour, N.S., exemplifies the tenacity of a true Bluenoser bitten by the gold bug. For him, what’s happening on the gold scene in Nova Scotia is like a d…
Newhawk releases program results- 1 col 18TR
A total of 35,000 ft of surface diamond drilling has been completed this year by Newhawk Gold Mines on its Sulphurets project north of Stewart, B.C. The company recently obtained approval to increase …
Carlin reserves rising to South Africxa proportions
From the rear seat of a helicopter it looks more like the backdrop to a spaghetti western than the site of North America’s latest gold rush. As the visitor hovers over the open pit mines along the Car…
Duration’s Theresa could produce in ’88
Pending the successful completion of an expanded underground evaluation of the Theresa mine property, equal partners Duration Mines and Locator Explorations could be in the gold mining business by the…
Three machines drilling on NovaGold’s property
Toronto-listed NovaGold Resources Inc. has put a third drill on its 32-claim Fifteen Mile Stream gold property located 60 miles northeast of Halifax, N.S. “Our geophysical surveys indicate the Plenty …
Westmin/Canacord announce more Big Missouri reserves
Partners Westmin Resources and Canacord Resources say they are currently re-estimating geological and mineable reserves at the Big Missouri property near Stewart, B.C. Previous reserves at the propert…
Hedman stakes near Matheson
Industrial mineral producer Hedman Resources, is getting into the grassroots gold exploration game. The company has completed a staking program which staked 560 claims in five blocks within McCool, Mi…