Exploration funds (March 02, 1987)
Camindex Mines and MVP Exploration (1987) & Co., Limited Partnership have entered into an agreement whereby MVP will subscribe for $l,340,000 of flow-through common shares of Camindex at $1 per share….
News
Quebec study shows flow-through’s value
Flow-through financings between 1980 and 1985 led to 25 potentially profitable mineral discoveries in Quebec, according to a recent study commissioned by the Quebec Prospectors Association and conduct…
50 YEARS AGO –MARCH, 1937– KERR-ADDISON SPARK SETS LARDER LAKE
A swarm of prospectors, stakers, merchants and promoters have invaded the Larder Lake district of Ontario where Canada’s latest gold boom has been precipitated by sudden disclosure of important ore on…
EXPLORATION ’87 WESTMIN
With more than a dozen properties in various stages of exploration, Westmin Resources is into a banner mineral exploration season. About $6 million of the work commitments are being financed by junior…
Your Precious Portfolio
Toronto’s three precious metals funds stood up well to the ups and downs of gold prices. The goldbugs were having a field day late last summer when the price of gold popped up through the $440(US) mar…
EXPLORATION ’87 MINGOLD
A new company, Mingold Resources, has been formed to participate in the gold exploration, development and mining business in Canada. Initially the company will be private and owned equally by the Mino…
CROSS CUTS THE BOTTOM OF THE SEA
Cobalt-rich, manganese- oxide crusts, forming a thin layer of mineralization which covers some areas of the ocean floor in shallow water off the west coast of the U.S., have subplanted manganese nodul…
Editorial Flow-through gets at least a reprieve
There was good news — and a little bad news — in Finance Ministe r Michael Wilson’s recent budget, at least as far as the mining industry is concerned. The good news of course is that flow-through f…
EXPLORATION ’87 NORTHGATE
At presstime a final budget for exploration had not been determined at Northgate, but several affiliated companies had announced plans for significant expenditures in 1987. Norbeau Mines (40%-held by …
Canhorn options Gem Lake claims
Canhorn Mining Corp. has optioned its Gem Lake property to Mutual Resources. The Gem Lake ground is located in the Rice Lake area of Manitoba. Mutual, which is an affiliate of Teck Corp., has the righ…
EXPLORATION ’87 FALCO. COPPER
Control of Corporation Falconbridge Copper (cfc) changed hands in 1986 with the sale of 50% of its shares by Falconbridge Ltd. to Kerr Addison Mines. Kerr is enthusiastic to see cfc continue to operat…
50 YEARS AGO –MARCH, 1937– DOME’S SCHUMACHER WAS “SWEET BUY”
The first seven months’ work on the Schumacher veteran lot bought by Dome Mines shows the purchase price, plus 100% profit, already in sight. Bought late in May, 1936, this 160-acre lot, adjoining the…