1987


Novamin targets $8m. for Ontario/Quebec bets

Following the completion this month of a $12.4-million share offering by Novamin Inc., the mineral explorer will be essentially debt free and busy with an $8-million exploration program. A large part …


Ottawa keeps the lid on future of flow-through

Many of the roughly 2,000 delegates came to last week’s Prospectors and Developers convention seeking relief from their fear that flow-through share funding for mineral exploration is doomed. They had…


Deep results at Consolidated Professor

Consolidated Professor Mines reports early results from drilling at its Duport gold property at Shoal Lake, Ont., include some “excellent” intersections from deep surface holes. The holes, the company…


Augmitto anticipates 3m. tons at 0.16-oz gold

A $3-million private placement of shares and warrants with institutional investors in Europe will fund the final push at Augmitto Explorations’ gold property located five miles south of here. Arranged…


Tandem drilling two lively bets

A drill program with two machines is under way at Tandem Resources’ Moss Lake project, about 70 miles west of Thunder Bay, Ont., says President Stanley G. Hawkins. The drill program is from the ice of…


Holmer drilling at Tashota bet

Drilling is under way on Alberta- listed Homer Gold Mines’ 100%- owned Tashota property north of Geraldton, Ont., reports President K. Sethu Raman. The first drill hole tested anomaly No 16 with a kno…





Cane Corporation in joint venture

Cane Corp. reports it has a joint venture agreement with Cominco Ltd. to test several geophysical conductors in the Grassberry River area of Saskatchewan. Cane says it can earn a 40% beneficial intere…



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