EXPLORATION ’87 ESSO
In 1987 Esso Minerals Canada will spend about $7.5 million on gold and polymetallic massive sulphide exploration throughout Canada. Roughly 70% will be spent in Ontario, Quebec and the Atlantic region…
News
Millstream Mines
Millstream Mines says it expects to start a preliminary exploration program early this year on 200 unpatented mining claims located in the Oba region of Ontario. The company has a 100% interest in the…
Pronto raises exploration funds
Toronto-listed Pronto Explorations has entered into an agreement for a private placement of $1.4 million of flow-through shares of the company’s common shares. The proceeds will be directed to the com…
EXPLORATION ’87 GETTY
Formed in mid-1986 from the subsidiaries of Getty Oil Co., Toronto- listed Getty Resources appears to have a bright future. Richard Atkinson, who successfully led a group of private investors in the p…
Over $11 million to be raised for Golden Triangle
Golden Triangle Mining Exploration says it has an agreement with Golden Day Explorations and Co., Ltd. Partnership, for the latter to provide Golden Triangle with up to $11,305,000. Golden Triangle wi…
Raleigh subsidiary starts production
An Australian subsidiary of Raleigh Energy has commenced mining operations at its Blockade property in the Mount Isa region of Queensland. Powder Metals Australia, the subsidiary, raised $6.5 million(…
Big plan for Golden Pond West
A $23.7-million 2-phase underground exploration program is scheduled to start in early spring — if not sooner — on the Golden Pond West zone, of the Casa Berardi property held in joint venture by pa…
CanAmerica seeking B.C. gold interest
CanAmerica Precious Metals says it has an option-joint venture agreement with Golden Rule Resources under which CanAmerica can acquire a 50% interest in Golden Rule’s Eldorado Mountain property in sou…
SMDC and partners to drill Jojay bet
A $450,000 exploration program will be carried out on the Jojay joint venture project located north of La Ronge, Sask. Partners, the Saskatchewan Mining Development Corp. (51%), Claude Resources (34%)…
Record gold production a Northgate tradition
In what seems to have become a tradition, Northgate Exploration has ended the year by setting yet another record for gold production. Output from the company’s two Chibougamau, Que., gold-copper mines…
Gunnar options claims from Honcho, Baden
Gunnar Gold has optioned 30 claims controlled by Honcho Gold Mines and Baden Explorations. The claims are located in Orvilliers and Montgolfier twps., in the Casa Berardi area of northwestern Quebec. …
Silverside finds high-grade veins
Twin parallel high-grade veins composed of plate and dendritic native silver have been discovered by Silverside Resources on its Cobalt property in northeastern Ontario. One of the veins is estimated …