With $36.4 million in working capital and its bank debt paid off, Breakwater Resources (TSE) has the financial clout for a major acquisition — and the target could be Asamera Inc.’s (TSE) minerals di…
Thomas M. Crandell, vice-president mining for Orofino Resources, died in Orillia, Ont., May 6 after a brief illness. Crandall, who was also general manager operations for Orofino’s parent company, Nor…
After failing at the first attempt, Toronto based Denison Mines (TSE) has sold its 44.8% interest in Standard Trustco Ltd. to Roman Corp. for $71.6 million, the company said recently. The new $22.95 p…
Since Northgate Explorations (TSE) sold its Chibougamau, Que., gold/copper mines to Western Mining of Australia in December for $160 million, the question most asked around the Northgate offices is “w…
Faith Mines (VSE) has commenced an 8,000-ft diamond drill program on 7 1/4 mineral claims situated approximately 2,000 m east of Perron Gold Mines’ Sleeping Giant deposit in Chaste Twp., Que. Faith en…
Some encouraging drill results were released recently from X-Cal Resources’ (TSE) Snowbird gold property near Fort St. James, B.C. The Toronto company is currently drilling the new “North Zone” which …
An announcement that Mohave Gold has delivered a letter of intent to buy and Nevada-based gold/silver producer called Canyon Development Mining Inc., made Mohave one of the most active traders. With 4…
New Privateer Mine says permission has been received for the treatment of the first 10,000 tons of ore in the recently-completed concentrator. Progress is under way with both primary and secondary cru…
Muscocho Explorations (TSE) and Echo Bay Mines (TSE) say they have completed a private placement agreement designed to finance development at a number of projects including the Magino gold property ne…
Members of the Canadian diamond drilling industry has just completed their twelve busiest months on record. The ’87-’88 drilling season caps a 5-year period in which there has been an estimated 220% i…
Platinova Resources (TSE),is a fast-moving 2-year-old company whose credo is to explore for and develop specialized commodities with high growth potential. One of the first of such projects to possibl…
Encouraging results have been received by Can-Mac Exploration (VSE) from the company’s drill program on the Boston Twp., Ont., property. A 4,200-ft diamond drill program followed up high grade results…
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