Killick Gold seeks funds for drilling
Funds raised in a rights offering will be used by Killick Gold for a drilling program on its 18,000-acre Adams Plateau claim group near Kamloops, B.C. The company is seeking $118,000 by offering each …
News
Noramex gets results from Nevada drilling
Encouraged by a recently-completed 16-hole drill program, Noramex Minerals and partners Hillside Energy and Calvada Resources plan a $400,000 follow-up program on their Bunce heap leach gold project i…
Asamera makes significant find at Cannon mine
A significant new gold discovery has been made by Asamera Minerals at its Cannon mine property near Wenatchee, Wash. Word of the find comes fresh on the heels of a takeover offer for Asamera Inc. by G…
Toronto Stock Exchange Rally halted, period of base building sets
A rally which moved the tse composite index to a post-Oct 19 high of more than 3,300 pts has stalled. During the past week, small advances offset by losses were the norm, suggesting a period of direct…
Three-day course
A course on the design of natural support for underground mining excavations will be given May 12-24, in French, at the University of Quebec in Abitibi-Temiscaming, located at Noranda, Que. The 3-day …
Editorial No sale for Sudbury slag
You’ve no doubt heard of the “Pet Rock,” which a few years back made a fortune in the U.S. and here for its inventor. As P. T. Barnum said, there’s one born every minute, and we continue to fall for s…
News in Brief (March 21, 1988)
Mill City Gold has started a surface exploration program on a 68-claim gold property adjacent to its McMillan gold mine prospect 57 miles west of Sudbury, Ont. The company can earn a 58% interest in t…
Tusk Minerals to start drilling in the Wawa area of Ontario
Tusk Minerals reports that a diamond drilling program, involving approximately 2,200 ft of drilling will commence as soon as possible on its Old Cabin gold prospect northeast of Wawa in Jacobsen Twp.,…
Dration/Locator asses Theresa
A good deal of religious fervor, including site visitations by priests, was practised by management in an effort to coax profitability from the Theresa gold mine in the early 1950s. The effort was for…
Magnacon makes second mine for growing Muscocho group
The Mishibishu Lake joint venture plans to spend $29 million during the next year to develop and put into production a 600-ton-per- day gold mine and mill operation on the Magnacon property about 32 m…
Noranda releases results from Grew Creek property (March 21, 1988)
More results have been released by Noranda Exploration from the Grew Creek discovery of Golden Nevada Resources 25 miles southeast of Faro, Yukon. The deposit has been tested for a strike length of ap…
La Sarre on ME
A Rouyn-Noranda, Que., junior mining company, La Sarre Mining Exploration, was recently listed for trading on the Montreal Exchange (symbol lsa). La Sarre was incorporated in August, 1986. It has inte…