Troymin gets funding for winter projects
Alberta-listed Troymin Resources has received $425,000 to finance its 1987/88 Canadian exploration program, the company said recently. According to Troymin, a $250,000 placement with MTC Oil and Gas F…
News
Core examined
More than 50,000 ft of core drilled in the vicinity of the F-zone deposit at the Mattabi mine in northern Ontario have been moved from temporary storage for examination. An additional 20,000 ft have b…
Flint Rock sinks six holes at Shabu
Six holes have now been put down by Flint Rock Mines on its leased Shabu Lake gold property, 43 miles east of Red Lake in northwestern Ontario. All intersected the main vein, with appreciable visible …
Val d’Or funding
An agreement has been worked out between Val d’Or Resources of Val d’Or, Que., and Sofimines 1987 and Co., Ltd Partnership whereby Val d’Or will issue flow-through shares at $1.20 per share worth a mi…
Montreal Exchange Mixed trading prevails
While not setting any records, trading activity on the Montreal Exchange seems to be recovering to pre-year-end levels, with similar mixed results. Daily volumes during the holiday period sunk to as l…
Belmoral on NASDAQ
The common stock of Belmoral Mines of Toronto, which is listed on the Toronto, Montreal and Vancouver stock exchanges, is now trading on nasdaq (symbol bmeef), the over-the-counter market system in th…
California Gold step closer to production
Pegasus Gold has completed an initial evaluation of the Zaca property in California, currently held by California Gold Mines of Vancouver. Under the terms of a memorandum of understanding with Califor…
News in Brief (January 11, 1988)
On Sept 26, the Senate of the United States proclaimed the week of April 24-30 as Mining Awareness Week by adopting Senate Resolution 289. Mining Awareness Week coincides with the dates of amc’s MINEx…
Manridge gets financing
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….
Ponask in Jamaica
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…
Getty tells shareholders not to act on Total ofer
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…
Mary Ellen project funded by Pacific
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…