Madeleine
Madeleine Mines now has three diamond drills at work on its optioned Lac des Iles platinum-paladium project, and is looking for three more. Located 40 miles north of Thunder Bay in northwestern Ontari…
News
$5m. financing plans in place Westfield keen on exploration
Financing arrangements designed to raise in excess of $5 million have been put in place, reports Westfield Minerals’ President Patrick J. Hughes. The financing includes a private placement of two mill…
Canico launches major drilling on Vior bet
Canadian Nickel Co. (Canico), the exploration arm of Inco Ltd. has started a 55,000-ft diamond drill program on the Douay Twp. property of Vior Inc., in Quebec’s Casa Berardi area. Vior holds the prop…
Cigar Lake going underground
Cigar Lake, the world’s richest uranium deposit, well is on its way to becoming the world’s largest and richest uranium mine, after the announcement that a $50-million underground exploration and test…
Syngold completes sale of shares
Syngold Exploration has completed the sale of 1.1 million common shares at a price of 80 cents per share and of $2.5 million of deposit receipts. Purchasers of the deposit receipts will earn one comm…
Financing heats up action on Professor’s Duport bet
With new financing in hand to the tune of a minimum $4.5 million, Consolidated Professor Mines plans an accelerated exploration and development program at its Duport gold property at Shoal Lake, near …
Royex Gold/Int’l Corona may be operators at Jolu
If current negotiations are successful, Royex Gold Mining Corp. and International Corona will be appointed the operators of the Jolu property in the La Ronge gold belt of northern Saskatchewan. The ne…
Malartic Hygrade results
For the second quarter ended June 30, Malartic Hygrade Gold Mines earned net income of $484,125 or 14 cents per share compared to $349,156 or 10 cents per share during the same period last year. For …
Correction: Canadian Gold Resources
In last week’s centrespread map in The Northern Miner on the Beardmore/Geraldton gold belt, Canadian Gold Resources was incorrectly identified as listing on the Vancouver Stock Exchange. The company i…
McAdam Res. now on TSE
The shares of McAdam Resources are now listed on the Toronto Stock Exchange; the company’s trading symbol is MMM. The company has successfully completed a rights issue undertaken by Merit Investment C…
Results encouraging for Golden Rule
Golden Rule Resources has traced a gold-bearing, quartz-barite breccia for a distance of 400 ft on its Toodoggone area property north of Smithers, B.C. The company is involved in a 6,000-ft drill prog…