News


Granges, Hycroft sign agreement with syndicate

An agreement has been signed by Granges Exploration and Hycroft Resources and Development with a syndicate led by Bank Gutzwiller, Kurz, Bungener (Overseas) Ltd. for the sale to the syndicate by Hycro…



Juniors more active than ever in Manitoba

Manitoba is currently experiencing considerable mineral exploration and mine development by the junior mining sector. It is possibly the most activity ever by juniors in the province, with more than 6…



Place hopes are riding on Golden Rose property

Despite the apparent lack of shareholder interest in the activities of Place Resources, chairman Michael Butler expects 1987 to be a banner year for the Toronto company. Only six shareholders attended…


Flow-through is driving Quebec’s mining boom

Exploration expenditures in Quebec grew by 58% in 1986, soaring to an unprecedented $263.1 million. More than 87% of this investment was earmarked for the off-site exploration for which the spending r…


$4 m. to be spent on Fontana bet

Coats-listed Bay Resources and Services has optioned a 16-claim property, called the Fontana property, located in Duverny Twp., Que. to an affiliated private company called Stratmin Inc. Bay holds a 7…


Increased exploration in northern Saskatchewan

Mineral exploration expenditures in northern Saskatchewan will reach $55 million in 1987, with $18 million to uranium, $2.3 million to base metals and $34.5 million to precious metals. Exploration exp…


N.W.T. hotspots include Courageous, Contwoyto

Most exploration by junior mining companies in the Northwest Territories is for gold in Archean supracrustal rocks of the Slave Structural Province. There are four main areas where activity is current…


Breakwater offering

Breakwater Resources of Vancouver has given a Swiss bank the mandate to offer for sale in Europe 35 million Swiss francs (approximately $31 million) as the principal amount of convertible Eurobonds. T…


Thorco acquires an interest in S. African mine

Thorco Resources reports it has acquired 100% of the issued share capital and warrants of Centurion Exploration and Mining, a U.K.- -based mining company with a 60% controlling interest in a South Afr…


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