Warrants net Eden Roc $1.5 m
The exercise of 1.2 million warrants of Eden Roc Mineral Corp. has provided $1.5 million to the company’s treasury. The funds will enable the company to continue exploration work on the Asupiri gold p…
1986
Atlantic Report Bullish on Atlantic mine growth
Optimism about mine development in the Atlantic provinces was eviden t at the District 1 meeting of the Canadian Institute of Mining held in Halifax recently. Speakers at the opening session summarize…
Pioneer awaiting feasibility on Puffy Lake gold project
A year ago almost no one in mining circles could tell you very much about Pioneer Metals, then a junior exploration company with a low grade gold and silver prospect in New Mexico. Now, the company is…
Novamin proceeds on private placement
Montreal-listed Novamin Inc. says it was proceeding in the last two weeks of November to a private placement of its common shares with a maximum of 50 investors resident in the province of Ontario. Th…
Queenstake Res. sees profit in its 1987 gold production
The production season has ended at Queenstake Resources’ placer operations in the Yukon and gold output was 5% higher than last year. More than 6,400 oz of gold was produced from three main properties…
Goldhurst to drill
A drill program is expected to start this week on Goldhurst Resource s’ gold prospect in Walters Twp., near Beardmore, Ont. The small 3,000-ft program will test several geophysical conductors which ha…
Deep hole clicks for Seabright Res
The first deep drill hole put down by Seabright Resources on the Beaver Dam property in Nova Scotia has intersected gold mineralization 700 ft deeper than any previous drilling. As a result of the sig…
Int’l Platinum drills for gold near Dryden, Ont
Drilling is scheduled to continue in early December on International Platinum Corp.’s recently acquired Eagle Lake gold property in the Dryden area of Ontario. So far, the company has put down six dri…
Drilling at Goldstrike significant: Franco Nevada
A preliminary drill program on the Goldstrike joint venture near Car lin Nev., points to the potential for mineralization at depths previously unexplored, reports Franco Nevada Mining Corp. President …
Hedley Heritage Soc. boosts mining image
Formed three years ago, the Hedley Heritage, Arts & Crafts Society h as done a lot to promote the heritage of that small community in south-central B.C. Its history has been closely associated with t…
Vancouver Stock Exchange Selective and narrow trading
Wednesday close, Dec 3 With market volume remaining at respectable levels, trading activity has been quite selective and directed at a fairly narrow range of speculative issues. Tuesday’s volume was 1…
Deep drilling by Noranda boosts potential of Ribago
Good drill results depth have increased the likelihood of going underground on the Ribago-Silidor project near Rouyn, Que., a joint venture of Noranda, Cambior and Cogesco Mining Resources. Cogesco is…