News

Manridge Explorations has completed a financing with Brault, Guy, O’Brien Inc., an investment house, which raised $1.85 million. Of this amount, $1.45 million was raised on a flow-through share basis….

An option has been acquired by Lake Ponask Gold which gives the company the right to earn a 50% interest in a property in Jamaica. Known as the Hope mine property, the ground was mined for lead in the…

Following an evaluation by Wood Gundy Inc., Getty Resources is advising its shareholders not to tender their shares to Total Resources (Canada). Total has made an offer to buy all the issued and outst…

An exploration program, funded by Pacific Trans-Ocean Resources, has begun on a property optioned from Mary Ellen Resources. Located in Eby Twp., six miles west of Kirkland Lake, Ont., the property co…

Ontario’s mining industry is currently involved in eight backfill test projects directed at finding safe and cost-effective alternatives to widely used methods of backfill. The testing is being done u…

Proposed tax reform by federal finance minister Michael Wilson which would see the elimination of flow-through funding at the end of 1989 is a “serious over-reaction,” says the Prospectors and Develop…

Changes have been made to a joint venture agreement between Mountain West Resources and Homestake Mining on the Elkhorn gold property located 22 miles south of Helena, Mont. Under the original January…

The New Year is being ushered in with a three-day rally which has added more than 103 pts to the tse composite index. Today, the index picked up 25.29 pts to close at 3,263.3 pts. Market players are k…

A spokesperson for Johnsby Mines says the company has not decided yet whether it will put up 40% of the financing required to bring the Johnsby Colomac Lake gold property to production. A joint ventur…

A 12,500-ft drilling contract has been let by Westmin Resources which will test several targets on the Westmain project shared with partner Eastmain Resources in Quebec. MSV Resources, which can earn …

A letter of intent to purchase the East Kemptville tin mine in Nova Scotia from the banking group which provided the original financing for the project has been signed by Rio Algom of Toronto. The tin…

Some of the best results to date, are coming from underground exploration work on the Magnacon gold property held by Muscocho Explorations (25%), Flanagan McAdam Resources (50%) and Windarra Minerals …