Canacord selling 9.9% Premier gold interest
Montreal-based Canacord Re- sources says it is planning to deal its 9.9% interest in the Premier gold project north of Stewart, B.C., to Pioneer Metals. Westmin Resources has the right of first refusa…
News
Invest Comment Report studies effect of gold slide
As the mining industry wakes up to a sub-$445(US)-per-oz gold price, investors may be wondering what effect this will have on their favorite gold stocks. Since many of Canada’s junior and senior gold …
Montreal Exchange St. Genevieve on move
Montreal-based St. Genevieve Resources, in a buying mood last year when it acquired a significant shareholding in Louvem Mines, now says it is seeking to purchase the outstanding balance of Louvem sha…
Torene-Exxeter
Torene Gold Exploration of Halifax, N.S. has teamed up with coats-listed Exxeter Resources Corp. to explore for gold on three properties in Nevada. The properties include the former-producing Justice …
Northgate takes control of Campbell Resources
Just three months after Northgate Exploration sold its Chibougamau, Que., gold/copper mines to Australia-based Western Mining Corp., the Toronto company has bought itself back into its old stomping gr…
Vitality of Canadian mining depends on flow through
The vitality of Canada’s exploration and mining industry depends heavily on the preservation of flow- through financing in a viable form. The tax reform measures announced by Finance Minister Michael …
In the black, Royex plans more exploration activity
Solid financially after recording a profitable year in fiscal 1987, Royex Gold Mining is planning to beef up its exploration side and that of its associated companies. Addressing the topic of explorat…
Master rehabilitating Hunter mine, Timmins
Water from the 75-year-old Hunter mine near Timmins, Ont., has been pumped down to the first level. Sheathing is being installed on new surface buildings and drifting should begin underground in early…
Gerle Gold encouraged by drilling
Encouraging diamond drill results are reported by Gerle Gold at its McConnell Creek gold prospect 150 miles north of Smithers, B.C. All of the 16 holes drilled intersected the main shear zone over wid…
Australian parent seeks complete control of Pamour
Turned into a mining house with no direct gold production of its own, Pamour Inc. looks like it is about to be transformed completely into a holding company. Pamour’s Australian parent, Giant Resource…
Hedley Pacific plans work on Nickel Plate
A $60,000 work program is planned by Hedley Pacific Mining on its three claims located on Nickel Plate Mountain near Hedley, B.C. The claims adjoin those of Mascot Gold Mines and Golden North which jo…
Nicholson back with RFC
Armed with a private placement of $4 million, Douglas Nicholson is back in business. The well-known ex-mining analyst and architect of the successful MFC Mining Finance Corp., has started another vers…