Onitap, Orex up reserves
The completion of a 12,000-ft drill program has resulted in an increase in reserves at the Goldboro gold property held by Onitap Resources (TSE) and partner Exploration Orex (ME). Located in Nova Scot…
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Quebec STurgeon group follows St. Andrew lead
A concerted drive toward production at the Stock Twp. property near Timmins, Ont., has made St Andrew Goldfields (TSE) the star in Quebec Sturgeon River Mines’ (TSE) group of four mining companies. Th…
Grants to Laurentian
Government grants totalling $49,700 will be used by Laurentian University at Sudbury, Ont., to examine and report on the current status of research in remote sensing and its potential application to m…
Toronto Stock Exchange Rate concerns ignored asrally reaches new
Interest rate fears took a back seat to investor desires to squeeze out more profit from the summer rally. During the week, the composite reached a new high before settling back to 3,454.9 pts — down…
First Toronto president says firm a `mining house’
Lest there be any doubt, First Toronto Capital (TSE) is “first and foremost a mining house,” President Chrisilios Kyriakou told shareholders at the annual meeting in Toronto. First Toronto, which went…
Placer Dome controls Craibbe-Fletcher Gold (July 11, 1988)
While no further work is contemplated at the present time on the Red Lake area gold property of Craibbe-Fletcher Gold Mines (COATS), at such time as access can be provided from the underground working…
Inco earmarks $10 million for Wilanour work
Inco Gold, the wholly-owned affiliate of Inco Ltd. (TSE), is planning an $8-$10-million underground exploration program on the Wilanour gold property near Red Lake, Ont. Inco Gold is the operator of t…
Roddy hopeful of increasing Bighorn reserves
A $500,000(US) exploration program designed to increase reserves at or near the Bighorn property in Arizona has been approved by the board of directors of Roddy Resources (TSE). Current reserves stand…
Inspiration sells U.S. subsidiary
Inspiration Resources Corp. (TSE) has completed the sale of substantially all the assets of its U.S. subsidiary, Inspiration Copper Co., to Cyprus Minerals Co. for approximately $125 million in cash. …
Southern Era Resources
Toronto-based SouthernEra Resources (TSE) has completed an initial public offering in Ontario and British Columbia of one million units at 80 cents per unit, the company said recently. Each unit cons…
Kewagama funding (July 11, 1988)
A flow-through financing between ME-listed Kewagama Gold Mines (Quebec) and Sofimines 1987 and Co., Ltd. Partnership has been completed, with Kewagama rec eiving $212,911.72 in exchange for 218,370 sh…
Pioneer program at Bonito yields good gold intercept
Exploration drilling at Pioneer Metals’ (TSE) Bonito gold/silver project in New Mexico returned 100 ft of 0.18 oz gold in the Blue Front zone. Drilling is continuing and 12 holes totalling 2,800 ft ha…