Flint Rock gets funds
A flow-through financing is being completed by Flint Rock Mines which will fund a drill program on the company’s 12-claim property at Shabu Lake. Located 43 miles east of Red Lake, Ont., the property …
News
Vassan encouraged by drill results
Exciting preliminary drilling results have been reported by Vassan Inc. from 14 holes at the company’s Vassan gold property located near Val d’Or, Que., north of the old Siscoe mine. Among the better …
Project feasibility near for Newhawk, Granduc
Overland access has been established to the Sulphurets project of Newhawk Gold Mines (60%) and Granduc Mines (40%) north of Stewart, B.C. A permanent camp is now on site and supplies are being hauled …
Golden Sitka takes over Alaska gold project
Funds raised in a public offering will be used by Golden Sitka Resources for a $2 million(US) exploration and development program on its Chichagof and Hirst mine properties located 50 miles west of Si…
Resdership Survey What readers like – and don’t like – about The
You, our readers, are the final judge of whether we’re doing our job properly — covering the mining industry in a way that provides the information you need. But it’s often difficult for our writers …
Thunderwood finds more high grade at Gold Hawk
International Thunderwood Explorations has encountered more high grade gold mineralization at its wholly-owned Gold Hawk property in Malartic Twp., 13 miles west of Val d’Or, Que. President John Heslo…
Correction (December 14, 1987)
The Linda 2 Zone, a property in which International Thunderwood can earn 40% of Minnova Inc.’s interest, contains 13 million tons of massive pyritic sulphides averaging 0.3% copper, 0.8% zinc as well …
Free gold observed by Cache d`Or Res.
Free gold has been observed, and some high values obtained, in recent drilling by Cache d’Or Resources at its Dubuisson Twp. property, which adjoins the Kiena Gold Mines property, in northwestern Queb…
Chelsea’s Spotted Horse profitable in past month
The high grade gold mining operation of Chelsea Resources near Lewistown, Mont., has started to turn a profit, according to Fernando Nuflo-Moya, chairman. He confirms that “since the second week of No…
$900 million to $1 billion to `flow-through’ this year
There is going to be about $900 million in flow-through money raised this year by cmp, nim and First Exploration, the three largest national exploration fund managers in Canada. Add to that another $1…
Investment Comment Higher earnings forecast for Agnico
Backed by a new silver discovery near Cobalt Ont., an expected end to dilution problems at its Telbel gold mine and significantly higher earnings, the executives at Agnico- Eagle Mines are in a bullis…
Campbell, Meston shareholders approve amalgamation plan
Shareholders of Toronto-based Campbell Resources and Montreal- based Meston Lake Resources have voted in favor of amalgamating Meston with a wholly-owned subsidiary of Campbell, Camsub Holdings. Mesto…