Redfern arranges $5-million financing
Further work on the Tulsequah Chief and Big Bull properties in northwestern British Columbia is being financed through a $5-million private placement through Goepel Shields & Partners. The placement i…
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ODDS ‘N’SODS — Payoff at Sheep Trail
Exploring for gold is a risky business and sometimes, as when Homestake Mining sank $700,000 into a single 10,200-ft.-long exploration hole a few years ago, the gamble pays off. Thanks to a persistent…
Geophysics chair funded by mining
Subsidiaries of mining giants Inco and Teck have joined with the Natural Sciences and Engineering Research Council of Canada (NSERC) to finance a chair in exploratory mineral drilling. The geophysics …
LAST BUT NOT LEAST — Westminer kills Fenton option
Despite a winter program which yielded encouraging results, Westminer Canada has decided to terminate its option on Cache Explorations’ (ME) Fenton property near Chapais, Que. Hole 93-03, drilled to t…
Skyline in Mexico
Trenching on the Aztec project, 70% of which is owned by Skyline Gold (TSE), has outlined three high-grade copper-zinc-silver zones for reconnaissance drilling this summer. Nine trenches were complete…
Waddy plans test mining at Komis
A feasibility study by Dynatec Engineering on the Komis gold deposit near La Ronge, Sask., has been deemed positive by property-holder Waddy Lake Resources (TSE). According to the report, Komis contai…
EDITORIAL PAGE — Real potential
The term “potential” has long accompanied any discussion of the mining industry in the Northwest Territories. Over the years, that potential has only been hinted at by way of several spectacular succe…
Aber finds more N.W.T. kimberlites
Aber Resources (TSE) has increased to 11 its Lac de Gras kimberlite finds with the discovery of four more pipes on the Diavik landholdings. The program, which included ground geophysics and 4,000 metr…
Base metal woes — New business plan for Trail
A long-range plan to ensure the financial viability of its smelter complex at Trail, B.C., has been unveiled by Cominco (TSE). Last year’s plan, laid out by the province’s job protection commissioner,…
NEWS ROUNDUP — Vengold secures Oro Uno
Some of the proceeds from a recent $42-million private placement has been used by Venezuelan Goldfields (VSE) to complete acquisition of the Oro Uno property in Venezuela. The company has $20 million …
NEWS ROUNDUP — Yorbeau completes private placement
Montreal-based junior Yorbeau Resources (TSE) has raised $750,000 by way of a private placement with five investors. The placement consists of 1.9 million class A shares at 40 cents each and 937,500 w…
ODDS’N’SODS — Eleven words of wisdom
Mines do not spring forth from Mother Nature’s womb fully foaled. These immortal words of wisdom were expressed by the late Dr. James Parker Nowlan during his acceptance speech as incoming president o…