Black Hawk Mining (TSE) has entered into a $1-million flow- through share financing agreement with CMP 1990 Resource Partnership and Co. Ltd. The share pricing of the issue has yet to be determined. Black Hawk currently has about 10.8 million shares outstanding. The funds will be used primarily for diamond drilling, a feasibility study and metallurgical test work on the Minago nickel deposit in northern Manitoba. Surface exploration work carried out on the deposit during 1989 and early this year increased the preliminary reserve estimate to 17.8 million tons averaging 1.28% nickel from four million tons averaging 1.28% nickel.
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