Breakwater financing
Breakwater Resources plans to raise $2 million via a private placement of flow-through common shares. The issue will be handled by Canarim Investment Corp. The proceeds of the issue will fund explorat…
News
New pilot plant at Killick’s Adams bet
Killick Gold of Salmon Arm, B.C. has completed exploration at its Adams Plateau mineral claims near Kamloops B.C., the company announced recently. An 1,800-ton bulk sample was assayed recently at the …
Newhawk and Lacana deal gets shareholder approval
The reverse takeover of Newhawk Gold Mines by Lacana Mining Corp. has been approved by Newhawk shareholders. The deal will see Newhawk acquire Lacana’s 30% interest in the Sulphurets gold project in B…
Grand Teton expects to produce in 1988
Vancouver-listed Grand Teton Industries fully intends to be producing gold by this time next year. The company can earn a 50% interest in the Adelaide Crown property in Humboldt Cty, Nev. But first, t…
Quartz Mtn. placement raises $1 million
Vancouver-listed Quartz Mountain Gold has completed a private placement with four European institutional investors for 1 million units at $5.625 per unit, the company said recently. Quartz said procee…
People (November 16, 1987)
Talisman Mines — has announced its new board of directors, effective Oct 22, comprising Fred Ellerginton, John F. T. Gravely, Victor Huggard, Fred Munger and G. W. Siddall. Edward F. Carr resigned as…
Exploration companies spending $100 million in Nova Scotia
He’s not the only one, but John Dawe of Green Harbour, N.S., exemplifies the tenacity of a true Bluenoser bitten by the gold bug. For him, what’s happening on the gold scene in Nova Scotia is like a d…
GAC meeting
The joint national meeting of the Geological Association of Canada, the Mineralogical Association of Canada and the Canadian Society of Petroleum Geologists will be held May 22-25, 1988, in St. John’s…
Anglo Porcupine deals with Norex
Alberta-listed Anglo Porcupine Gold Mines has entered into a joint venture agreement with Noranda Exploration. Anglo can earn a 45% interest in the 46-claim Horwood property near Timmins, Ont. by spen…
Seadrift loss
Seadrift International Exploration reports a loss of $834,000 for the nine months ended Sept 30, compared with a loss of $321,0000 in the similar period last year. The company reports issue of share c…
Correction (November 16, 1987)
In the Nov 9, 1987, issue of The Northern Miner American Barrick Resources’ net income for the first nine months of 1987 was incorrectly stated. The company recorded net earnings of $17.7 million or 3…
Atlantic Report NovaGold going to bulk sample
Approval has been received by NovaGold Resources to proceed with a bulk sampling program at its Fifteen Mile Stream gold property in Halifax Cty., N.S. The company reports a 20,000- ton bulk sample wi…