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…
1987
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…
GAC meeting
The joint national meeting of the Geological Association of Canada, the Mineralogical Association of Canada and the Canadian Society of Petroleum Geologists will be held May 22-25, 1988, in St. John’s…
Seadrift loss
Seadrift International Exploration reports a loss of $834,000 for the nine months ended Sept 30, compared with a loss of $321,0000 in the similar period last year. The company reports issue of share c…
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…
Pacific options Telesis property
Pacific Trans-Ocean Resources has purchased a 56.5% interest in the Gordon Lake property owned 43.5% by Telesis Corp. Located in the N.W.T., the property is two miles from Echo Bay’s Lupin gold mine. …
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…