Dolphin flow-through
Flow-through shares of Dolphin Explorations will be issued to a fund at a price of $1.19 per share, not at $1 as was previously announced by the company. Dolphin will receive proceeds totalling $357,0…
News
Joutel enters private placement with Australians
Toronto-listed Joutel Resources has agreed to enter into a private placement agreement with Balmoral Resources NL of Western Australia. Under the terms of the transaction, Joutel will issue up to 400,…
Pelangio plans active year
A portfolio of mineral properties has been put together by Pelangio Larder Mines which will be explored for gold this year, the company says. President J. A. G. Mortson says the company plans to joint…
News in Brief (April 06, 1987)
Yucana Resources has changed its name to Shamrock Resources Inc. on a basis of 1 new for 2.5 old shares.
Ojibway bands stake claim in north Superior property
While the Hemlo gold find in northern Ontario has been big news for a few years now, it may soon find itself indirectly involved in another controversial issue, this one dealing with an Indian land cl…
Moneta high grade
Moneta Porcupine Mines has intersected a high grade section on its Michaud Twp., Ont., gold property. Located 70 miles east of Timmins, one drill hole cut 5 ft grading 0.6 oz. Included in the section …
Editorial Mr. Reagan gets our goat
Americans (in the White House at least) do not seem to share the concern we Canadians have for a healthy, clean environment. They seem to place a higher value on technological supremacy, regardless of…
Editorial Safety record improves
It’s somewhat ironic that tough economic times for the mining industry can be counted as something of a blessing in disguise, at least as far as mine safety is concerned. The Mines Accident Preventi…
Bay takeover bid by St. Genevieve
Bay Resources and Services has received a takeover offer from affiliate company St. Genevieve Resources. The St. Genevieve offer consists of one common share for each two Bay shares held. The deal is …
Second anomaly hit by Normine on B.C. claims
A second large geophysical anomaly has been located by Normine Resources on its Wait claim group near Kimberley, B.C. The company’s consultant says the new B anomaly “fits the classic pattern of gravi…
New test for Red Lake gold property
With junior mine financing made vastly easier these days, and interest in gold mining now at a high pitch, many of the long-dormant mines and properties are being given another chance. This includes t…
Increased gold production tops on Northgate’s agenda
With a healthy working capital of just over $18 million, Northgate Exploration is out seriously shopping for a new acquisition in the precious metals arena. .T No small task, as President John Kearn…