J.A.G. options Belleterre bet
An agreement has been signed by J.A.G. Mines and Halex Resources under which Halex may acquire up to 60% of the former’s Belleterre property in northwestern Quebec by spending not less than $3 million…
News
World gold suppliers count on strong investment demand
When someone talks about gold supply and demand, it’s best to remember that throughout history, the precious metal never seems to have been out of fashion. What made gold attractive centuries ago — i…
Franco-Nevada subsidiary starts trading on TSE
Franco Nevada Mining has filed a final prospectus in connection with its plan to spin out to its existing shareholders a sister company called Euro-Nevada Mining. Under the terms of the prospectus, Fr…
Quinteko raises funds for work at McWatters
Two exploration financing agreements totalling about $1 million have been entered into by Quinteko Resources. The proceeds will be used to help fund the company’s 25% interest in the gold exploration …
Belmoral boosting Canreos interest (October 19, 1987)
A private placement of shares and warrants will raise Belmoral Mines’ interest in Canreos Minerals (1980) from 14% to 39.6%. Under the agreement, Canreos will issue Belmoral two million shares at 80 c…
Correction Fleck Resources
In our Oct 5 edition, it was reported that Fleck Resources can earn a 55% interest in Coventry Ventures’ Bedivere Lake platinum poject near Thunder Bay, by spending $1 million on exploration before Oc…
Golden Terrace has two drills set for program
Two drill rigs have been mobilized to carry out 30,000 ft of diamond drilling in stage 2 work on the gold project of Golden Terrace Resources at Richardson Lake, some 70 miles east of Red Lake, Ont. T…
Toronto Stock Exchange Higher rates fueling downward correction
There’s nothing quite like a major market correction for knocking the euphoric wind out investors. These are nervous and tense days indeed, which have witnessed a 120-pt five day losing streak gain st…
Golden Zone
About 6,400 ft of drilling has been completed on a 54-claim property held by Golden Zone Developments in Alaska. Of the 18 holes drilled, 13 were in the Golden breccia pipe and five holes tested veins…
Planning success in Yellowknife to be used by Giant in Timmins
It is amazing what good planning can do for a mine. Thanks to a new ramp, being driven this year by Giant Yellowknife Mines (the operating arm of parent Pamour Inc.) to connect all levels in the big 1…
Alberta Stock Exchange Jascan big draw
While a drop in gold bullion prices has forced Canadian gold issues to swallow some temporary losses, Alberta investors appear to be betting on the price of silver. That appears to explain why Jascan …
Stock dividends (October 19, 1987)
Associated Porcupine Mines has declared a stock dividend of one common share of Tanager Resources (formerly 716206 Ontario Ltd., a wholly-owned subsidiary of Associated Porcupine Mines, for each commo…