Production is scheduled to start at the Sumich mine in Kingston Canyon, Nev., this December, says Nevada Goldfields Corp. With estimated reserves of 1,037,000 tons averaging 0.261 oz gold per ton, the…
Results from 50 holes drilled in 1986 on Flanagan McAdam Resources’ Mishibishu Lake property in northwestern Ontario has boosted reserves by more than one-third and improved grade by 10% compared to t…
Galactic Resources has raised $13,875,000C through the successful completion of its private placement with a major Canadian financial institution, Robert M. Friedland, chairman, reports. The placement…
Several high grade gold showings have been discovered by Newmont Exploration of Canada during field work on ground optioned from Golden Shield Resources. Located in Hoblitzell Twp., Ont., the property…
Copper powder is a fast-growing specialty market which has attracted Vancouver- based Raleigh Energy. The company recently acquired approximately 40% of Powder Metals Australia which has a number of g…
An additional capital expenditure of $40 million will be made by Inco Ltd. at its Sudbury, Ont., nickel mining operations. Over a 2-year period, the world’s largest nickel miner plans to spend $25 mil…
Lakeshore Minerals has acquired four mineral prospects. These include 22 claims in Notman Twp., and 8 claims in Chelsey Twp., Ont. The purchase price was $4,200 and 400,000 of the company’s common sha…
In a move that could bring its Marathon, Ont., platinum group metals (PGM) deposit to a production decision as early as late next year, Fleck Resources has signed a letter of intent with Teck Corp. in…
Wednesday close, Sept 24 Rumours of a platinum discovery near Schefferville, Quebec, helped two issues advance. Tandem Resources and Ronrico Explorations, which each hold a 10% interest in a private s…
Initial drilling on Minefinders Corp.’s Eqst Group property in northwestern Quebec’s Dubuisson Twp. has confirmed the presence of a major gold-bearing shear zone with values ranging up to 0.24 oz gold…
Wednesday close, Sept 24 The market managed to regain some lost ground afterlast week’s tailspin to below the 3,000 pt level. Today with over 18 million shares changing hands, the widely followed com…
Augmitto Explorations has received final receipt from the Quebec Securities Commission for a prospectus offering in Quebec. If completed, the offering will raise a minimum of $2.5 million and a maximu…
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