Belmoral completes financing of units
Belmoral Mines has completed the financing of 4.3 million units at $6.50 per unit with McLeod Young Weir International, the mining company reports. The financing raised an aggregate $27,950,000. The u…
News
Lord River set to drill Pellaire property
Drilling is scheduled to begin within the month on Lord River Gold Mines’ Pellaire property 120 miles north of Vancouver. Cons. Silver Standard Mines is the company’s largest shareholder with a 41% in…
Perron, D’Or Val in joint venture
Entering into an agreement, subject to regulatory approval, for the joint exploration and development of the Beaufor property in Pascalis Twp. in northwestern Quebec are Perron Gold Mines and D’Or Val…
Luxor Explorations private placement
COATS-listed Luxor Explorations has announced a private placement issue for an aggregate consideration of $238,464. Under the terms of the placement, Luxor issued 1,028,858 common shares and a share p…
Hidden Lake
An agreement under which it would acquire a 62.5% controlling interest in Hidden Lake Gold Mines has been reported by Ardic Exploration and Development, a private company based in New York. Ardic hold…
Ste Genevieve in option deal with Stratmin
A deal has been struck among Ste. Genevieve Resources, Stratmin Inc. and 2438-8456 Quebec Inc. whereby Ste. Genevieve and Stratmin have acquired the numbered company’s option on the Courville gold pro…
Most complete ever U.S. mining show
The American Mining Congress says the most complete mining show ever held in the U.S., will be staged April 24-28 next year, at Chicago’s McCormick Place. For the first time, MINExpo International ’88…
Construction work gets under way at Ketza River
Construction work has started on the Ketza River project of Canamax Resources and Pacific Trans Ocean Resources. Camp facilities are being installed, clearing of the mill site is under way, and road a…
Energy ups holdings adjoining Owl Creek
Energy International Overseas Corp. has now acquired 16 contiguous claims in the Timmins area adjoining Falconbridge’s Hoyle Pond and Owl Creek gold mines on the north, Geo. S. White, president, advis…
La Fosse Platinum all ready to go
While requiring what seems like an inordinately long time to obtain all necessary regulatory approvals for the public financing of La Fosse Platinum Group Inc., expectations are that the final approva…
Montreal Exchange Sullivan active
Several upbeat trends conspired to once again give an impressive lift to trading on the Montreal Exchange, including rising commodity prices, especially in base metals, signals of rising profit pictur…
SMDC drops option on Share prospect
Share Mines and Oils says it has been advised by the Saskatchewan Mining and Development Corp. (smdc) that smdc is discontinuing exploration work on the Hamson Lake, Sask., base and precious metals pr…