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…
Mines Management posts Montanore PEA
Mines Management (mgt-t, mgn-x) has outlined an economic mine plan for its Montanore silver-copper project, but questions remain about getting the project permitted.The large underground project is in the Cabinet Mountains wilderness area of…
News in Brief (September 01, 1986)
United Kingdom Energy reports line-cutting and field surveys have been completed on its McArthur Twp. property, located three townships south of Tisdale Twp. in northern Ontario. Anomalous areas have …
Sullivan drilling on Mon-Dor prospect
A second drilling program by Sullivan Mines is getting under way on the Brongniart property of Mon- Dor Explorations, about 18 miles southeast of Chibougamau, Que. It follows recent completion by Sull…
Inco clarifies Can Antonio figure
In the August 25 issue of The Northern Miner, Cassiar Mining reported that reserves on the San Antonio gold mine in southeastern Manitoba had quadrupled as a result of a recently completed underground…
PEA is out on US Gold’s El Gallo silver project
Rob McEwen’s goal of having US Gold (UXG-T, UXG-N) included in the S&P 500 index within four years may seem like a tall order to some, but the industry veteran may just be able to pull it off.
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…
Montreal Exchange Producers make gains
Wednesday close, August 27 Gold producers were generally trading at higher prices on the Montreal exchange this week where the total volume of shares traded was a low 5,526,000. Aiguebelle Resources I…
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…
Kentish Group active in ’86
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 fl…