$9.8 million earmarked for Broulan property
A $9.8-million exploration program, most of it earmarked for underground work, is scheduled by Belmoral Mines over the next 14 months for the area between the old Reef and Hallnor mines in Timmins, gr…
News
Thompson becomes Mingold president
Toronto mining analyst Edward Thompson has been appointed president and chief executive officer of Mingold Resources. The newly formed company is equally owned by a subsidiary of Inspiration Resources…
Royex opts for direct interest in Mahogany’s Jolu property
Royex Gold Mining has apparently given up its intention of accumulating a 50% interest in Canadian Premium Resource Corp. as a means of gaining a stake in northern Saskatchewan’s Jolu gold property an…
Camreco acquires Goldlund and plans drilling program – ld
With plans of a drilling program this year Camreco Inc. is going “to try to make something out of” the Goldlund Mines’ mining and milling operation on 83 contiguous claims near Sioux Lookout in northw…
Scintrex contract
Scintrex Ltd. has signed a $1 million contract with the Ministry of Nuclear Industry of the People’s Republic of China to outfit an aircraft with a complex airborne geophysical system including a high…
Nor-Acme seeks agreement on Snow Lake gold mine
Management of Nor-Acme Mines is hoping to complete an agreement between Nor-Acme and another company within “two to three months,” director David Mosher tells The Northern Miner. If successfully compl…
Gibralter issue should raise about $5.8m.
Gibraltar Mines has approved the filing of a preliminary prospectus for a common share issue which should raise about $5.8 million. Some 554,546 shares will be sold at a price of $8.25 each by the com…
Tashota-Nipigon options properties from McAdam
Tashota-Nipigon Mines says it has acquired the right to earn a 25% interest in two advanced gold projects in Quebec and British Columbia. One of the properties is the former McWatters gold mine near R…
Flow-through deal for Citadel Gold
Additional exploration at Citadel Gold Mines property near Wawa, Ont., will be funded by a $2.5-million flow-through share offering made to CMP Funds Management. The former producing mine has been dew…
Second drill due on Julbey gold bet
Jilbey Industries says diamond drilling and other work, including an IP survey, is under way on its 16-claim property in Duverny Twp. near Amos, Que., with Bay Resources and Services as operator. Jilb…
Metals Report Cobalt shows political clout
Cobalt has proved to be one of the most volatile of minerals in the past year, due largely to the shifting sands of African politics rather than purely economic factors. “Cobalt carries more geopoliti…
Glen Auden, Adola cut low grade gold (January 05, 1987)
Drilling by partners Glen Auden Resources and Adola Mining has yielded encouraging results from their Taylor Twp., Ont., gold prospect. Located east of Timmins, the property covers a section of the De…