Dejour, Canacord exploration pact
Dejour Mines and Canacord Resources report they have an agreement for exploration of Dejour’s claim block in Poirier, Que., and surrounding townships. Under the agreement, Canacord can earn up to a 45…
News
Juniors are the backbone of the mining industry
Mighty oaks from little acorns grow. Very broadly, that well-known phrase sums up the importance to the Canadian mining industry of its junior mining sector — that large group of small companies that…
Future of flow-through financing rests with federal finance
By the time you read this, a nerve-racking chapter in Canadian mining history will have reached its climax. For many in the industry, expecially i the junior sector, June 18, 1987, will be remembered …
Troymin to drill
Troymin Resources reports it plans a drill program starting this month on its silver-gold prospect in northeastern Nevada. The company says it will consist of 1,500 ft of drilling to evaluate the pote…
Tex changes name, raises financing
Alberta-listed Orex Resources has raised $310,000 in a rights offering and intends to raise $1 million more in an exchange offering this month. The money will be used to finance work on three interest…
Cominco Resources completes offering
Cominco Resources International Ltd., which recently organized to act as Cominco Ltd.’s exploration and mine development arm outside Canada, Alaska and Australia, has completed the sale of 41.4% of it…
Development, mining costs give loss to Anglo Dominion
Anglo Dominion Gold Exploration reports a net loss in the first quarter of $1,400,000, compared with earnings in the similar period last year of $17,400. The company says the loss in the latest period…
Promising results from Joutel property
A 20,000-ft drilling program has started on Kerr Addison’s Joutel Twp. property in Val d’Or, Que. Following a promising gold discovery on the 1,066-acre property, project manager Onyx Resources can ea…
Lenora building reserve base, to double gold output
Lenora Explorations is preparing to increase gold production from approximately 5,000 oz this year to more than 10,000 oz by 1988. In order to achieve this objective and to position itself for further…
Placer selling Equity shares
Placer Development has agreed to sell 4.82 million common shares of Equity Silver Mines to Dominion Securities and Nesbitt Thomson Deacon as underwriters. Price of the shares will be $12.50 each. Plac…
Industrial minerals attract mining companies
While gold has captured the public’s imagination of late, the search for l industrial minerals has proved attractive to a number of mining companies. Properties in Canada and the United States are act…
Northquest option
Northquest Ventures has acquired an option to earn a 25% interest in a gold prospect located in Chester Twp., Ont. Situated 25 km southwest of Gogama, the property was acquired from Westport Resources…