The Kentish group of companies, headed by Jack Kentish, is planning an active exploration season in Quebec this year. Mid-Canada Gold and Copper Mines is planning to raise a total of $7 million via flow-through share financings. If successful, the financing will fund a dewatering and underground exploration program on the Buffadisson and Bevcon properties near Val d’Or, Que. Reserves at the two shafts are calculated at 1.1 million tons grading 0.175 oz gold per ton.
On the Louvicourt property surrounding the two shafts, affiliate company Abitibi Resources has agreed to spend $500,000 in order to earn an additional 10% interest. Abitibi currently holds 35% in the property.
Additional surface exploration is in progress at Mid-Canada’s Bourlamaque property, held in joint venture with Pioneer Resources. Abitibi, which can earn a 25% stake in this project by spending $678,000 on exploration, is dewatering the shaft, Mr Kentish says.
In the Casa Berardi area, Abitibi is planning to spend $400,000 on its claim block in Recher Twp. The ground is north of Inco’s Golden Pond deposit. Another $200,000 is budgeted for the company’s Ducros gold property, also in Quebec.
Be the first to comment on "Kentish Group active in ’86"