News

Aber, Hemisphere have 2 drills on Sunrise property

Drilling results 70 km northeast of Yellowknife, N.W.T., have been encouraging enough for Aber Resources and Hemisphere Development Corp. to change the name of their jointly owned property from Sunset…


Northair pulls 91-ft hole of 0.34 oz gold at Willa

Underground diamond drilling by Northair Mines at its Willa property in southeastern British Columbia is continuing to obtain good gold values, President Donald A. McLeod reports. Hole 87-312 was dril…





Mount Wright seeks royalty payment from Exminesa

Legal proceedings by a company controlled by Lac Minerals of Toronto will soon be under way in Spain to collect a royalty owed to it by the mining firm Exploracion Minera Internacional Espana S.A. (Ex…



Controlling the price of a metal

The dream of great wealth to be obtained from control of the international price of a metal or other commodity has ensnared many an adventurer. It is heady wine and is often carried with an obsession …



Ojibway drilling on 3 properties

Drilling rigs are currently in operation on three properties (Desboues, Soissons and Rochebeaucourt), with the budget for the 1987 exploration program more than one-third committed, Ojibway Resources …


Minefinders financing

Minefinders Corp. has completed an $800,000 financing which will fund exploration on three properties near Val d’Or, Que. Of the amount raised, $440,000 was on a flow-through basis.


Follow-up drilling

Sillimanite mineralization at both Clarendon and Otter Creek in Ontario has been mapped at 1:2500; a co-operative follow-up drilling program with the Tweed office of Ontario’s ministry of northern dev…


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